Equity Investment in Nova Ljubljanska banka d.d.

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 48704

Status Disbursing

Location

Slovenia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 48704

Status Disbursing

Location

Slovenia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

31 Oct 2018

Disclosure date

13 Nov 2018

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Slovenian

Project Description

An additional equity investment of EUR 9.6 million for the purchase of existing shares of Nova Ljubljanska banka d.d. ("NLB") in Slovenia, increasing the total EBRD investment in the Project to up to EUR 74 million. The original EBRD investment of EUR 64.4 million was made on 9 November 2018.

Project Objectives

The Project supports an important privatisation in Slovenia, in response to the commitment of the Republic of Slovenia undertaken as part of the restructuring plan of NLB agreed with the European Commission in 2013 when the state aid contribution was approved, as later amended.

Transition Impact

The proposal is expected to contribute to Resilient and Competitive qualities through the reduction of the state ownership in total banking assets and the development of alternative sources of financing through the capital market and unlocking NLB's value potential via private ownership that will permit NLB to exit the restructuring plan, enabling further balance sheet optimisation and operational efficiency improvement.

Client Information

NOVA LJUBLJANSKA BANKA DD
NLB is the largest Slovenian bank holding ca. 23% of total banking assets in the country. NLB provides universal banking services and has a strong presence through its core subsidiaries in five South-East European countries. NLB has in total 321 branches, ca. 5,900 employees and ca. 1.8 million active customers.

EBRD Finance Summary

Investment cost of EUR 74 million

Total Project Cost

EUR 1.2 billion

Environmental and Social Summary

Categorised FI (2014 ESP). NLB will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's E&S Procedures as appropriate for their
transactional business going forward and submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation

None.

Company Contact Information

Valerija Pesec, Head of Investor Relations
+ 386 1 476 9122

PSD last updated

20 Jun 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

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Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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