NLB released a statement yesterday in which they announced that they are currently in discussions with MIGA for obtaining additional guarantees for optimizing its capital on consolidated basis. The transaction which is scheduled to be concluded later this year could reduce the RWAs of NLB on consolidated level by up to EUR 108m.

NLB published an announcement on the LJSE stating that they are in discussions with Multilateral Investment Guarantee Agency (MIGA) on obtaining additional guarantees for optimizing its capital on consolidated basis. Note that the contracts of guarantee that are discussed relate to five of NLB Group banking members.

 The transactions which are scheduled to be carried out later this year could reduce the risk weighted assets of NLB d.d. on consolidated level up to EUR 108m. To put things into a perspective, this accounts for 1% of the consolidated RWAs as of 31 March 2021.

According to the statement, the potential implementation of this transactions will further commit the NLB Group to enhance the management of environmental and social risks of its operations and the commitment to sustainability.

As a reminder, last month NLB announced their initial discussion with MIGA for obtaining a guarantee for optimizing their capital worth EUR 252.13m. To read more about it please click here.