Slovenia’s Banking Sector Threatened by Delay of Bad Bank-Transfers

People ♦ Published: July 9, 2013; 19:30 ♦ (Vindobona)

After the EU Commission denied approval for the first transfers of bad loans to the bank asset management by June 28, the reorganization of the banking system in Slovenia has been postponed.

Slovenia’s Banking Sector Threatened by Delay of Bad Bank-Transfers / Picture: © Vindobona.org

According to UniCredit, Slovenia risks keeping its banking sector in an exposed position to market volatility and lack of funding due to the delay of the transfer of non-performing loans from lenders like Nova Ljubljana Banka to a public agency. The deadline has been postponed to mid-July, when the results of Deloitte’s system-wide review of asset quality and Oliver Wyman’s stress…

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