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Slovenia to sell majority stakes in two state banks by 2019-end

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Slovenia to sell majority stakes in two state banks by 2019-end

Slovenia intends to offload its majority stakes in lenders Nova Ljubljanska banka d.d. and Abanka d.d. by the end of 2019, Reuters reported, citing Andrej Bertoncelj, the country's future finance minister.

Bertoncelj told a Sept. 6 parliamentary hearing that the incoming government is looking to run budgets with a surplus, thus allowing a reduction in public debt, according to the same-day report.

He is set to become Slovenia's finance chief in the week of Sept. 10, when the parliament is likely to confirm the minority center-left government of Prime Minister-designate Marjan Šarec, the report added.