Nova Ljubljanska Banka d.d. Legal merger of N Banka d.d. successfully closed (1115L)
September 01 2023 - 3:30AM
UK Regulatory
TIDMNLB
RNS Number : 1115L
Nova Ljubljanska Banka d.d.
01 September 2023
Nova Ljubljanska Banka, d. d., Ljubljana
The process of legal merger of N Banka d.d. with NLB d.d.
successfully closed
In accordance with the Rules of the Ljubljana Stock Exchange and
Article 158 of the Financial Instruments Market Act (ZTFI-1), NLB
d.d., Trg republike 2, 1000 Ljubljana, the Management Board of NLB
d.d. announces that with today's entry of the merger in the
Register of Companies the process of legal merger of N Banka d.d.
with NLB d.d. is successfully closed.
In March 2022, following the sanctions directed towards the
Russian Sberbank and its subsidiaries, including Sberbank d.d., NLB
d.d. responded conscientiously and responsibly to the sudden
challenge in the financial stability of the Slovenian banking
sector and signed a sales agreement with the Single Resolution Fund
to acquire a 100% share in Sberbank d.d. By entering its ownership
structure, NLB d.d. stabilised its operations, its customers
regained access to funds on their accounts and were able to
transact normally and the bank was renamed to N Banka d.d.
The first of the final steps in this demanding process has been
made with today's entry of the legal merger in the Register of
Companies and the process of operational integration of N Banka
with NLB will follow this weekend.
Investor Relations
NLB d.d., Ljubljana
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