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Weekly Review of the Slovene Economy from 21 to 27 October

Ljubljana, 29 October - Slovene bank Abanka sold shares of another Slovene bank, SKB, last Tuesday. Austrian bank Raiffeisen Zentralbank however told Austrian business daily, Wirtschaftsblatt, that it had bought 11 percent of SKB shares for its clients on the Ljubljana Stock Exchange at the beginning of the week. On Thursday, Chairman of the SKB board, Cvetka Selsek, told Slovene daily Delo that SKB had been informed by Nova Ljubljanska banka (NLB) about Raiffeisen having 6.45 percent of SKB shares on a NLB fiduciary account. SKB is Slovenia's third largest bank in terms of its total assets, holding an over 11-percent market share.

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