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Slovenia: EU Commission Approves Bank Aid

Published: December 19, 2013; 17:07 · (Vindobona)

On Wednesday the European Commission has approved state aid for five Slovenian banks.

Slovenia: EU Commission Approves Bank Aid / Picture: ©

The approval for the restructuring of the country’s three biggest banks was given less than a week after the Slovenian government’s announcement of spending € 3.5bn for state-controlled NLB, NKBM and Abanka Vipa and two smaller financial institutes. In total, € 4.7bn has been set aside. Most of the funds are deposits at these banks and revenues from the recent bond issue. The…

This article includes a total of 459 words.

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