“Slovenia is adamant that it will sell state-owned Nova Ljubljanska Banka, Finance Minister Mateja Vranicar Erman said, pledging to make good on a promise to the European Union to put the biggest bank into private hands after missing its 2017 deadline.

Known as NLB, the lender received the bulk of a 3.2 billion-euro taxpayer-funded bailout in 2013 that let Slovenia narrowly avoid a Greece-style international rescue. In line with the EU’s rules on state aid, Slovenia had committed to sell the bank in an initial public offering last year. But Prime Minister Miro Cerar’s administration stopped the process, citing a low price and risk from transferred deposits from Croatia by its predecessor that amount to as much as 400 million euros.” (Bloomberg)