Tangible progress in state-sponsored restructuring, including capital support from the Slovenian government. Repositioning within its domestic market, where it dominates with a solid retail deposit franchise. Return to profitability in 2014, following several consecutive years of losses. Potential weakening in extraordinary government support for European banks, including Nova Ljubljanska Banka (NLB), as resolution frameworks are put into place. Poor profitability, burdened by weak margins, high credit losses, and low growth prospects in the short term. High levels of problem loans, especially in the highly leveraged corporate sector. Difficult economic and industry conditions in NLB's main operating markets in Europe. Standard&Poor's Ratings Services' negative outlook on Slovenia-based Nova Ljubljanska Banka (NLB) indicates the possibility of a downgrade if we
