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NKBM Capital Hike Shelved Until Next Year

Maribor, 11 December - Shareholders of NKBM, Slovenia's second-largest bank, decided Tuesday to shelve the proposal for a EUR 50m capital increase. The sale of insurer Zavarovalnica Maribor earlier today secured sufficient capital adequacy, rendering recapitalisation unnecessary for the time being.

NKBM bank sells its 51% stake in insurer Zavarovalnica Maribor to reinsurer Sava Re and the state-owned SOD fund.
Photo: Daniel Novaković/STA

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© STA, 2012