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Slovenia: Bad Bank to Operate Longer than Expected

Published: December 16, 2013; 16:09 · (Vindobona)

According to executive director Mannson, the collecting and selling of non-performing loans would take at least ten to fifteen years.

Slovenia: Bad Bank to Operate Longer than Expected / Picture: © Flickr

The country’s bad bank BAMC (Bank Assets Management Company) was planned to operate until 2017. However, bank officials announced that it would take longer than estimated for bad loans from Slovenia’s three biggest banks to be completely liquidated.

According to executive director Torbjörn Mannson, the collecting and selling of non-performing loans would take at least ten to…

This article includes a total of 227 words.

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