ENP Newswire - 20 December 2013 Release date- 18122013 - The European Commission today issued decisions on state aid for five Slovenian banks (NLB, NKBM, Abanka, Factor banka and Probanka) giving the go-ahead for the decisions taken by the government last week to begin the implementation of measures to strengthen the stability of the banking system after receiving approval from the European Commission . At the same time agreements were signed between the Bank Asset Management Company (BAMC) and NLB and NKBM on the transfer of non-performing claims to the BAMC. In the case of Abanka, the European Commission issued a temporary ruling approving the first tranche of the capital increase, which was carried out today, in the amount of EUR 348 million . The remainder of the capital increase required for Abanka's long-term viability and the actual transfer of non-performing claims to the BAMC will be carried out after final approval is received from the European Commission on the basis of a restructuring plan, which is under preparation. On the basis of the decisions adopted by the Bank of Slovenia ordering an extraordinary measure of capital increases at NLB, NKBM, Abanka, Factor banka and Probanka, the Republic of Slovenia today carried out the requisite capital increases at the aforementioned banks. The Republic of Slovenia today provided the following at the individual banks: NLB: a capital increase in the amount of EUR 1,551 million , comprising EUR 1,141 million in cash and EUR 410 million in the bonds issued by the Republic of Slovenia; NKBM: a capital increase in the amount of EUR 870 million , comprising EUR 620 million in cash and EUR 250 million in the bonds issued by the Republic of Slovenia; Abanka: a capital increase in the amount of EUR 348 million in cash; Probanka: a capital increase in the amount of EUR 176 million , comprising EUR 160 million in cash and EUR 16 million in bonds issued by the Republic of Slovenia; Factor banka: a capital increase in the amount of EUR 269 million , comprising EUR 160 million in cash and EUR 109 million in bonds issued by the Republic of Slovenia. [Editorial queries for this story should be sent to firstname.lastname@example.org ] ((Comments on this story may be sent to email@example.com ))
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