Press Release: State aid: Commission approves rescue or restructuring aid for five Slovenian banks

The European Commission on 18 December 2013 approved in five distinct decisions state aid measures in favor of five Slovenian banks. The Commission approved the restructuring plans of Nova Ljubljanska banka d.d. (NLB) and of Nova Kreditna Banka Maribor d. d. (NKBM), in particular because they will enable the banks to become viable in the long term without unduly distorting competition. The Commission also approved aid for the orderly winding down of Factor Banka d.d. and Probanka d.d., in particular because the distortions of competition created by the aid will be minimised by the complete market exit of the two banks. Finally, the Commission temporarily approved rescue aid in favor of Abanka Vipa d.d., for reasons of financial stability.