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Slovenia: NLB Reports Losses in Business Year 2013

Published: February 22, 2014; 19:17 · (Vindobona)

The biggest lender in Slovenia has amounted considerable losses because of having been forced to create loan loss provisions.

Slovenia: NLB Reports Losses in Business Year 2013 / Picture: © NLB

According to Janko Medja, CEO of NLB, the biggest bank in Slovenia has “made a big loss” last year since the bank’s loan loss provisions for bad credits had a negative impact on profits. "If the bank lost around EUR 400m in retail deposits last year, EUR 300m of that was due to the crisis in Cyprus", Medja said. "The result is logical given our continued adjustment of the…

This article includes a total of 205 words.

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