Key events

2010

January:

• NLB played a major role in the issue of new Republic of Slovenia government bonds.

May:

• LHB Finance was merged with NLB.
• NLB successfully raised a new long-term loan without a government guarantee of or other collateral in the amount of EUR 440 million.

June:

• The public sale of subordinated NLB26 bonds was completed, with the proceeds in the amount of EUR 61.4 million going to increase the Bank’s capital.
• A hybrid instrument with a total issue amount of EUR 100 million was listed on the Luxembourg Stock Exchange.
• NLB Real Estate was merged with NLB Srbija.

September:

• The Bank was downgraded from A1 to A3 by the international rating agency Moody’s.

October:

• The NLB Group’s strategy for the period 2010-2015 was approved.

2011

February:

• Claude Deroose, member of the NLB Management Board, resigned.

March:

• Liquidation of NLB Nova penzija.
• Decision of the European Commission on establishment of government bail-out.
• Successfully completed capital increase of EUR 250 million.