Business News

NKBM Abandoning Leasing Business

Ljubljana, 05 November (STA) - NKBM bank and two of its leasing arms have started soliciting non-binding bids for a real estate portfolio as part of efforts to divest non-core activities in line with restructuring commitments.

A total of 46 pieces of real estate, ranging from unfinished buildings to disused offices and land, are on sale in what is the third such attempt to offload unneeded property. Offers are accepted through 14 November.

The bank told the STA this was in line with commitments made in a restructuring plan that was approved by the European Commission following the December 2013 bailout by the state.

NKBM had attempted to offload its leasing arms, KBM Leasing and Gorica Leasing, earlier this year, but given the lack of interest it decided to liquidate the companies and sell off their property holdings.

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