Slovenia: NKBM bank sold to US fund Apollo and EBRD
In its budget still about one-fifth of bad loans
01 July, 18:02As a result of state recapitalisation of 870 million euros in December 2013, NKBM has become 100% state-owned and was then included in the privatisation plan by the government led by Alenka Bratuek as early as May 2013, along with another 14 state-owned companies. Following the recapitalisation, the bank started to record profits in 2014, but despite the transfer of a large amount of bad loans to BAMC (Bank asset management company, i.e.
Slovenia's bad bank) being at an advanced stage, NKBM's budget still includes about one-fifth of bad loans. (ANSA).