Slovenia Creates Major Bad Bank

Businessn.a. ♦ Published: November 13, 2013; 21:38 ♦ (Vindobona)

In order to reduce the burden on the banking sector, Slovenia´s government wants to shift risky assets to a special purpose vehicle.

Slovenia Creates Major Bad Bank / Picture: ©

According to the Slovenian government, the creation of a publicly held bad bank is part of the solution for the banking crisis. In total, the size of the bad bank will come at € 4.0bn. First assets will be transferred at the end of December.

Initially, the Slovenian government planned to establish the bad bank until mid-2013. Due to the external bank review, the creation of the…