Monday, November 24, 2008

Slovenia unlikely to privatise big financial institutions

"Eurozone member Slovenia plans to retain large stakes in main financial institutions and companies, centre-left Prime Minister Borut Pahor said on Thursday.

'It is crucial that some important financial institutions, like Nova Ljubljanska Banka (NLB) and Zavarovalnica Triglav, and some other companies remain in majority Slovenian ownership,' Pahor said at a financial conference.

The government and its investment funds own large or majority stakes in the country's largest bank NLB and the largest insurer Zavarovalnica Triglav.

'As it turned out it is very important particularly for small economies to have financial institutions that customers can count on,' Pahor added."


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