NLB to Expand Its Activities to the Czech and Yugoslav Markets

Ljubljana, 7 February - BANKING
Slovenia's largest commercial bank, Nova Ljubljanska Banka (NLB), will sign a two million euros' worth contract on the purchase of the fifth largest factoring firm in the Czech Republic, Union Invest of Ostrava, according to a report in Wednesday's issue of Finance. In a few months the Slovene bank is to acquire at least 51 percent stake in Czech Prvni Mestska Banka. The NLB in addition plans to expand its activities on the Bosnian market and penetrate the Yugoslav market too, a member of NLB board, Boris Zakrajsek, told the business paper.