Sponsored Content
Slovenia: NLB Reports Losses in Business Year 2013
People ♦
Published: February 22, 2014; 19:17 ♦ (Vindobona)

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

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…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
EU Commission to Examine Slovenian Bank Restructuring Plan (February 20, 2014)
Slovenia Under Pressure Again (February 7, 2014)
Upgrades for Slovenian Banks (January 31, 2014)
NLB Closing Moscow Office (January 27, 2014)
Slovenia: NLB Facing Downsizing Measures (January 24, 2014)
Sponsored Content
Read More