Slovenia: EU Commission Approves Bank Aid

People ♦ 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: © Vindobona.org

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…