Banking Sector: Pressure on Slovenia Grows

Politics ♦ Published: October 29, 2013; 06:56 ♦ (Vindobona)

The IMF calls Slovenia to re-capitalize the banking sector immediately. However, Slovenia´s financial situation is already more than tense.

Banking Sector: Pressure on Slovenia Grows / Picture: © European Commission

According to the head of the IMF delegation in Slovenia, the country has to solve the issue as soon as possible. The non-performing loan portfolio held by the Slovenian banking sector is expected to range between € 7.0bn and € 10bn. This is about a quarter of the country´s GDP. In summer, about 20% of the loan portfolio were classified as risky. Next month, the results of the bank…

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