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NLB d.d. concluded new guarantee with MIGA

23rd Dec 2021 16:32

RNS Number : 6719W
Nova Ljubljanska Banka d.d.
23 December 2021
 

 

NLB d.d. concluded new guarantee with MIGA for optimization of capital

 

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 with the aim of capital optimisation on consolidated basis, NLB d.d. and Multilateral Investment Guarantee Agency (hereinafter: "MIGA"; part of the World Bank Group) entered into contracts of guarantee against the risk of expropriation of funds above mandatory reserves (voluntary reserves) held by NLB Banka sh.a. Prishtina and NLB Banka a.d., Podgorica with their local central banks. The risk mitigation measure shall become effective as of 31 December 2021 and shall reduce the risk weighted assets of NLB d.d. on consolidated level up to EUR 41 million.

 

This announcement will be available on the NLB's website (www.nlb.si) as of 23 December 2021 for a period of at least 5 years.

 

Investor RelationsNLB d.d., Ljubljana

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