Slovenia’s NLB Bank Seeks New CEO After Jasovic Resignation

Nova Ljubljanska Banka d.d. is seeking a new chief executive officer after Bozo Jasovic resigned in December over Slovenia’s biggest bank’s failure to sell its holding in Mercator Poslovni Sistem (MELR) d.d. to Croatia’s Agrokor d.d.

Applications for the post at the state-owned bank should be submitted by March 30., the Ljubljana-based lender said in an advertisement published in the Slovenian Delo newspaper today.

NLB, which reported a third consecutive loss for 2011, wants to raise 400 million euros ($539 million) by the end of June to improve its capital ratio as demanded by the country’s central bank and the European Banking Authority.

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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