NLB and KBC are currently investigating the possibilities of a joint process to divest their shareholdings in NLB Vita

The divestment of NLB Vita insurance company, as is known, is part of an additional commitment given from the European Commission as a result of extended due date for the sale of the equity stake of the Republic of Slovenia. Given that this additional commitment is still pending despite successful completion of the first phase of the bank’s privatisation process in November last year, both owners, NLB and KBC, are looking into the possibilities to jointly divest their stakes in life insurer NLB Vita, while the Slovenian market is non-core to KBC.