Slovenia „No Problem for Austrian Banks“

Businessn.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: ©

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%.…