Slovenia’s Factor Banka Announces Merger With KD Bank

Factor Banka d.d., a Slovenian bank, said it will merge with KD Banka d.d., another lender in the euro region nation.

The process needs approval from the Slovenian central bank and is set to be completed in the last quarter of 2012, the Ljubljana-based bank said in a regulatory statement today.

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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