The European Commission has given the green light to a plan by the Slovenian government to offer five banks state aid for recapitalization, local media reported Wednesday. The plan will "strengthen confidence in Slovenian banks," European Competition Commissioner Joaquin Almunia was quoted as saying in Brussel. The EU's executive body made the approval after Ljubljana announced last week that it would earmark 3.01 billion euros (4.13 billion U.S. dollars) for the recapitalisation of three biggest banks in Slovenia -- Nova Ljubljanska Banka (NLB), Nova Kreditna Banka Maribor (NKBM), and Abanka Vipa. Slovenian Finance Minister Uros Cufer announced the capital injection plan as the results of stress tests of eight major banks in the country were made public on Thursday. The eight banks were found to be short of 4.78 billion euros, according to the EU-mandated stress tests. The latest official announcement about the conditions of Slovenian banks shows that the Slovenian government can bail out its banks without international aid, analysts said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor