NLB completed the acquisition of Summit Leasing from Apollo.

Nova Ljubljanska Banka, a banking and financial group in Slovenia, completed the acquisition of Summit Leasing, a provider of auto finance in Slovenia, from Apollo, a provider of alternative asset management and retirement solutions. Financial terms were not disclosed. "The closing of the transaction is yet another step in NLB Group's transformation to one of regional champions. It is rendered even more important as with it NLB once again, after almost 30 years, enters the Croatian market, thus becoming the only financial institution from the region that offers at least one form of financing on all the markets of former common country, which remain among the most important trade and business partners until this day. We are extremely proud of having achieved this and even more motivated to further develop leasing services in our neighboring Croatia to the benefit of our clients. Furthermore, we are looking forward to working with many Summit Leasing talents, to whom we are extending a warm welcome in the NLB Group," Blaž Brodnjak, NLB CEO.