A price range, based on market demand and the current market conditions, has already been proposed to the Slovenian Sovereign Holding (SDH) by its financial consultant - Deutschebank. If it is close to the bank's accounting value (at the end of June it was 75,40 euros), the price range is expected to be confirmed by the Supervisory Board.

In last year's failed sale attempt, the price of NLB's shares was burdened by the unresolved issue of the transfer of foreign currency deposits. But the sale of NLB is now back on track after the passing of a special act, which will eliminate the risks which were lowering the price. In the meantime, the accounting value of NLB's shares has also risen.

However, if the proposed price turns out to be considerably lower, the SDH might shift the responsibility of confirming the price range to the government. It already did that last year. What happened then was that the accounting value of NLB's share was 65,50 euros, and the SDH assessed that the proposed price range between 55 in 71 euros was not appropriate.

This time, if everything runs smoothly, buyers will be able to place their orders for the purchase of shares in the first week of November. When all the orders are collected, a sales price will be determined and the shares will be divided among buyers. They will then be listed on the Ljubljana and London stock exchanges. With that the NLB sale procedure will officially be completed – it's expected to happen by mid-November.

From the selling share on offer, the state will first offer 10 percent of the shares to smaller investors, and then the remaining 90 percent to institutional investors. So, if the price is set at around 75 euros, and the entire 75 percent of the NLB bank is sold this year, the state will earn almost 1,1 billion euros.

In line with earlier commitments made to the European Commission, which approved state aid for the bank in 2013, Slovenia must sell at least half of the bank by the end of this year.