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Report: Nova Ljubljanska Banka's proposed sale would not attract investors, says IMF representative

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Report: Nova Ljubljanska Banka's proposed sale would not attract investors, says IMF representative

IMF representative Nikolay Gueorguiev said that 'sproposed salerequiring investors to own less than the state's 25% stake in the bank wouldnot attract potential investors, Bloomberg News reported March 29.

"We are concerned that current conditions would notattract strategic investors that would further develop the bank,"Gueorguiev told reporters in Ljubljana. Slovenian Finance Minister Dušan Mramorreportedly said at the same event that the country plans to revisit itsasset-sale strategy in June or July.

The bank is currently fully owned by Slovenia, according toSNL Financial data.