REG - Nova Ljubljanska - NLB: discussions with MIGA to obtain a guarantee

Nova Ljubljanska Banka dd LjubljanaAnnouncement

14/05/2021 16:35

RNS Number : 7321Y
  
Nova Ljubljanska Banka d.d.
  
14 May 2021
  
 

Date: 14 May 2021
 
NLB d.d., Ljubljana in discussions with MIGA for obtaining a guarantee for optimizing its capital on consolidated basis
 
In accordance with the Ljubljana Stock Exchange Rules, Article 17 of Regulation (EU) No. 596/2014 and Article 130 of Market in Financial Instruments Act, company Nova Ljubljanska banka d.d., Ljubljana (hereinafter: "NLB d.d.") informs the public that it is in discussions with Multilateral Investment Guarantee Agency (hereinafter: "MIGA"; part of the World Bank Group) on entering into a contract of guarantee that will allow for a capital optimization relating to Komercijalna banka a.d. Beograd. 
 
The transaction which is scheduled to be concluded later this year could reduce the risk weighted assets of NLB d.d. on consolidated level by up to EUR 252.13 million. The potential conclusion of this transaction will further commit NLB Group to enhance the management of environmental and social risks of its operations and the commitment to sustainability.
 
Related with the potential transaction MIGA disclosed summary of proposed guarantee which is available on https://www.miga.org/projects.
 
 
Investor Relations
NLB d.d., Ljubljana

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