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Slovenia: Condition of Banking Sector Still Critical
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In the first five months, the Slovenian Banking has recorded a net loss of € 117m. Lending goes down substantially.
Slovenia: Condition of Banking Sector Still Critical / Picture: © Vindobona.org
The increase in government deposits after the issue of Slovenian government bonds denominated in US dollars had a major impact on the banking system’s aggregate balance sheet in May. The banking system recorded a pre-tax loss of EUR 117 million during the first five months of the year, as a result of a year-on-year decline of 21% in net interest income and high impairment and…
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