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Govt Will again Invite KBC to Join NLB Cash Injection

Ljubljana, 11 January (STA) - Finance Minister Franc Krizanic said on Monday that the government was currently waiting for Slovenia's biggest bank, NLB, to ask for a capital injection. The government will again invite the bank's second biggest owner, the Belgian KBC bank, to participate, Krizanic told STA.

This comes after a capital injection planned for December was postponed to the first quarter of 2010 because the state, the bank's single largest owner (33.1%), and the KBC (30%), failed to reach agreement on terms under which the Belgians would take part in the capital injection.

Krizanic, who is currently accompanying President Danilo Tuerk on his visit to Kuwait, reiterated that the government would be most happy to see the KBC take part in the EUR 250m capital injection, however if the it was not interested, the government might invite some other interested parties.

Unless the KBC decides to take part, the government would have to launch procedures to report the injection to the European Commission, according to the minister.

Krizanic said today that he would meet with KBC representatives on Monday. The Belgian bank meanwhile told STA that it was waiting to hear Slovenia's decision and that its participation in the injection will depend on Slovenia's conditions.

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