Slovenian lender Nova Ljubljanska Banka to exit Czech market.

By bne IntelliNews September 29, 2010
The largest Slovenian commercial bank Nova Ljubljanska Banka (NLB) plans to exit the Czech market, bank CEO Bozo Jasovic told the M&A newswire DealWatch in an interview. In the Czech Republic, NLB controls trade, finance and factoring companies NLB InterFinanz Prague and NLB Factoring Ostrava. The Czech market is regarded as non-strategic in view of the long-term strategy of the bank. NLB also plans to exit the non-strategic markets of Bulgaria and Slovakia, and Western Europe. Jasovic said the units on the relevant markets would be either sold out or liquidated.

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