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Slovenia: Haircut for Junior Bondholders

Politics ♦ Published: December 14, 2013; 20:41 ♦ (Vindobona)

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Subordinated bond holders of the state-owned Slovenian banks will lose their investments completely. This is part of the recapitalization scheme.

Slovenia: Haircut for Junior Bondholders / Picture: © European Commission

This week, the stress test results were published. The three largest Slovenian banks NLB, NKBM and Abanka Vipa are the main problems of the Slovenian banking industry are the publicly held banks. The capital requirement of the state-owned banks totals € 3.01bn. According to the asset quality review report, the capital shortfall in the Slovenian banking industry totals €…