NLB concluded guarantees with MIGA

RNS Announcement

RNS Number : 7611R

Nova Ljubljanska Banka d.d.

01 July 2020

Date: 1 July, 2020

NLB d.d., Ljubljana concluded guarantees with MIGA for optimization of capital on consolidated basis

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 on mitigation of the risk of expropriation of mandatory reserves held by NLB Group banking members with their local central banks. The contracts were entered into on 30 June 2020, for each individual banking member of NLB Group, while the risk mitigation will become effective as of 31 July 2020. Consequently, the risk weighted assets of NLB d.d. on consolidated level will be reduced by EUR 303.1 million as of 31 July 2020.

Investor Relations
NLB d.d., Ljubljana

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RNS metadata

Title: NLB concluded guarantees with MIGA
Time: 16:45:01
Date: 1 Jul 2020
Category: Miscellaneous
ID: 7611R