Slovenia „No Problem for Austrian Banks“

Business › n.a. ♦ Published: September 5, 2012; 17:52 ♦ (Vindobona)

Although Austria is the biggest investor in Slovenia, the Austrian banking industry does not fear a national bankruptcy.

Slovenia „No Problem for Austrian Banks“ / Picture: © Vindobona.org

According to estimations, the restructuring of the financially stricken banking sector may cost up to € 5.0bn. In total, the Slovenian banking sector holds NPL of € 8.0bn. Slovenia´s main problem is that the banking industry is mainly nationalized. At the end of 2011, 18% of the business loans are non-performing. In the construction industry, the share of NPL is about 50%.…

or Log In

Fast News Search
Related News
Further Increase in Unemployment (September 3, 2012)
Slovenia in a Vicious Circle (August 31, 2012)
NKBM Suspected of Money Laudnering (August 23, 2012)
Slovenia to Establish a Bad Bank (August 14, 2012)
Hypo Alpe-Adria-Bank in the Red Again (August 13, 2012)
Read More
Slovenia, Banking Industry, NPL Non Performing Loans, Michael Buhl, VSE Vienna Stock Exchange, LJSE Ljubljana Stock Exchange, Public Debt, Capital Markets, Bond Market, FDI Foreign Direct Investments
Featured
How the Police Files from the Uyghur Detention Camps Reveal China's Understanding of Human Rights
See latest Vindobona Newsletter