May 19, 2014 / 9:22 AM / 4 years ago

Slovenian bank NLB posts 28.6 mln euro Q1 net after 2013 rescue

LJUBLJANA, May 19 (Reuters) - Slovenia’s biggest bank, state-owned NLB, swung to a first-quarter net profit of 28.6 million euros net, it said on Monday, after the government rescued the country’s banks last year.

NLB, which received a state capital injection of 1.55 billion euros in December and transferred its bad loans to a state ‘bad bank’, had a loss of 0.7 million euros in the first quarter of 2013.

Reporting by Marja Novak, writing by Zoran Radosavljevic; editing by Jason Neely

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