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Slovenia’s Central Bank May Take Over Managing NLB, Finance Says

Slovenia’s central bank is considering taking over the management of Nova Ljubljanska Banka d.d. to stabilize the country’s biggest bank, Finance newspaper reported without saying where it got the information.

NLB contributed more than half to the 400 million euros ($526 million) of losses of the Slovenian banking industry last year, the Ljubljana-based newspaper said.

Banka Slovenije declined to immediately comment when contacted by Bloomberg News today.

NLB, which wants to raise 400 million euros of equity capital by mid-June, is looking for the new chief executive officer after Bozo Jasovic resigned in December over the bank’s planned sale of its holding in Mercator Poslovni Sistem d.d. to Croatia’s Agrokor d.d.

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