Massive Losses in Slovenian Banking Sector

Politics ♦ Published: February 13, 2013; 13:42 ♦ (Vindobona)

Last year, the banking industry has recorded total losses of more than € 600m, the Slovenian business magazine “Finance” reports.

Massive Losses in Slovenian Banking Sector / Picture: © Vindobona.org

In 2012, losses in the banking sector were even higher than in 2011. After the net losses totaled € 540m in 2011, the negative results were extended by € 600m. In total, risk provisions came at € 1.5bn last year. Compared to the year before, this was an increase by 30%. However, an end of the increase in non-performing loans is not foreseeable. Only in December, risk provisions…

Fast News Search