CEE’s best bank transformation 2019: NLB

The successful IPO of Slovenia’s NLB in London and Ljubljana in November marked the end of a six-year restructuring process and set the stage for a new era of expansion by the group.

Awards for Excellence 2019

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© 2019 Euromoney

Regional awards

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The successful IPO of Slovenia’s NLB in London and Ljubljana in November marked the end of a six-year restructuring process and set the stage for a new era of expansion by the group.

Along with the rest of Slovenia’s state-owned banks, NLB hit the buffers in 2012 when large portfolios of corporate loans began to turn sour.

The following year the Slovenian government spent €3 billion recapitalizing the country’s public-sector lenders – including market leader NLB – and transferred €5 billion worth of non-performing loans to a newly created bad bank.

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