Slovenia: Guarantees to Reach € 4.0bn

Politics ♦ Published: September 14, 2012; 18:15 ♦ (Vindobona)

As Slovenian banks suffer massively from non-performing loans, Slovenia´s Minister of Finance Janez Sustersic will provide guarantees for domestic banks of € 4.0bn.

Slovenia: Guarantees to Reach € 4.0bn / Picture: ©

After the Slovenian government has founded an own agency managing non-performing loans of Slovenian banks, the agency needs guarantees. More than € 4.0bn will not be necessary, Sustersic said. This amount would be the upper limit of non-performing loans, he says. Sustersic does not want to estimate the final costs of the restructuring for Slovenian banks. “We will know the final…