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Weekly Lists
October 12, 2018 www.intellinews.com I Page 28
bne:Banker Slovenia’s NLB mulls
dual listing in London and Ljubljana
Slovenian banking group Nova Ljubljanska banka (NLB) announced on October 8 that it is considering a dual listing the Ljubljana Stock Exchange (LJSE) and the London Stock Exchange (LSE).
NLB is the largest banking and financial group in the country with a market share of 23.2% by total assets, and the largest client base. The Slovenian government is required to privatise the bank by the end of this year under its commitments to the European Commission.
“Being a public company will further strengthen our financial and strategic capability to consistently deliver our strategy in the future. We look forward to the opportunities and benefits of being a listed company,” Blaz Brodnjak, president of the management board of NLB, said.
The board of the Central Bank of Russia (CBR) could adjust the additional capital requirements for banks under Basel III standards implementation, as well as prolong a financing regime for sanc- tioned banks, the deputy head of CBR Vasily Pozdyshev told the press on October 9.
This week Russia's state-controlled VTB Bank and the government reportedly agreed to try and persuade President Vladimir Putin
to postpone the central bank's implementation of Basel III capital standards scheduled for January 2019.
"We believe that as far as the schedule is concerned, we should keep the balance and give the banks more time to accumulate more profits to comply with the [capital requirements] additions," Pozdyshev said as cited by Reuters.
Ceska Sporitelna will squeeze out minority shareholders, a general meeting of shareholders decided this week. All bank shares will
be acquired by the majority owner, the Austrian financial group Erste Group, in an effort to reduce costs caused by a fragmented ownership structure, said BH Securities analyst Stepan Krecek.
Erste Group will pay CZK1,328 per share to all minority sharehold- ers. The number of minorities is small and includes municipalities and legacy individual shareholders form the coupon privatisation days. Ceska Sporitelna is the largest bank in the Czech Republic based on the number of clients.
Russia's CBR ready to give banks a break on Basel III as urged by VTB
Erste Group to become majority owner of Ceska Sporitelna