NLB buys Slovenian Sberbank

Ljubljana – Slovenia’s largest bank, NLB, has acquired the Slovenian subsidiary of Russia’s Sberbank in a move that the central bank said would preserve the financial stability in the country after Russian-owned banks suffered a loss of trust due to sanctions against Russia. “There were two options for the resolution of the Slovenian Sberbank: either it ceases operations and savers are compensated in accordance with guarantee scheme rules, or it gets a new owner,” the central bank said Tuesday evening. The sale means that Sberbank branches will reopen tomorrow after…

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