Slovenia: NKBM Still In the Reds

Politics ♦ Published: May 31, 2013; 14:25 ♦ (Vindobona)

Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.

Slovenia: NKBM Still In the Reds / Picture: © Nova KBM

The second biggest Slovenian bank, NKBM (Nova Kreditna Banka Maribor) is still in the reds, after record losses in 2012. In the first quarter of 2013, the bank showed a net loss in the amount of € 8.5m. In the same period of time last year the banking Group made a net profit of € 1.4m. The core bank NKBM contributed with a group loss of almost € 5m, according to the quarterly…