The Slovenia Times

BAMC Buys EUR 9.1M in Real Estate from NKBM Bank


The bad bank has purchased the unspecified real estate in accordance with the bank-bailout law and the deal between the BAMC and Slovenia's second largest bank, according to the press release.

According to the NKBM, the real estate sold the bad bank, which took over a total of EUR 1.22bn in non-performing loans from NKBM, belonged to its subsidiaries KBM Leasing and KBM Invest.

The deal comes on top of the recent purchase of a EUR 23m luxurious residential development on the Slovenian coast by BAMC from the bankruptcy estate of builder GPG.

The operation is a result of the bank's creditor position to GPG, as BAMC assumed over EUR 70m in claims to the bankrupt builder as part of the bank bailout.

BAMC already invested EUR 2m to buy over 10,000 square metres of land in Ljubljana city centre in March.


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