NLB Group Mandatory Reserves Coverage (MIGA-14539)

  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 11, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Nova Ljubljanska banka d.d. (NLB)
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 37.54 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 30.96
Converted using 2021-01-19 exchange rate.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Jan 19, 2021

Disclosed by Bank May 11, 2020

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Project Description

This summary describes equity investments (including retained earnings) by Nova Ljubljanska banka d.d., Ljubljana (NLB d.d., Ljubljana) into its subsidiary NLB Banka a.d. Beograd (NLB Beograd) in Serbia. The investor has applied for MIGA guarantees of up to EUR30,961,000 in Expropriation of Funds cover for mandatory reserves for a period of up to 7 years.

NLB Group is the largest banking and financial services group in Slovenia with operations across southeastern Europe. NLB Group's six banking subsidiaries outside of Slovenia are required to maintain mandatory reserves at the central banks in their respective jurisdictions, based on the volume of customer deposits. Mandatory reserves affect NLB d.d., Ljubljana's overall Risk-Weighted Assets (RWA) at the consolidated level, resulting in less headroom for other assets at a given level of capital.


Investment Description

Contact Information


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