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Slovenia: Bank Losses Tripled in 2013

Published: January 23, 2014; 11:46 · (Vindobona)

Over the last year losses in the banking sector tripled to almost € 1.1bn.

Slovenia: Bank Losses Tripled in 2013 / Picture: © Flickr

In the period from January to November last year losses in the Slovenian banking industry saw a three-fold increase compared to the same period in 2012, as reported by “Slovenia Times”. The reason for this dramatic development is the rise in provisions and the sharp decline in revenues.

While impairments and provisions rose by 43.2 percent to € 1.44bn net interest revenues,…

This article includes a total of 301 words.

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