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Slovenia: List of Debtors of NLB Published

The Slovenian bad bank BAMC (Bank Asset Management Company) has published the list of debtors of the country’s two largest banks, which are responsible for the disaster of the state-controlled banks.

April 23, 2014

Slovenia: Banking Sector Still Prone to Risks

The Slovenian banking sector is still prone to risks as the number of non-performing loans was not reduced substantially.

March 14, 2014

EU Commission to Examine Slovenian Bank Restructuring Plan

Slovenia has sent the restructuring plan for its third largest bank, Abanka Vipa, to the EU Commission.

February 20, 2014

Upgrades for Slovenian Banks

The long-term ratings of three banks were upgraded by Moody’s.

January 31, 2014

S&P Keeps an Eye on Slovenian Banking Sector

The rating agency highlights the critical conditions of the Slovenian banking industry.

January 25, 2014

Slovenia: NLB Facing Downsizing Measures

Slovenian NLB is facing severe downsizing measures. As part of the restructuring process, the country’s biggest bank has to lay off personnel.

January 24, 2014

Slovenia: Bank Losses Tripled in 2013

Over the last year losses in the banking sector tripled to almost € 1.1bn.

January 23, 2014

Slovenian Economy to Shrink “Only” 2 Percent

According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.

January 22, 2014

Slovenia: Growth through Diplomatic Network

Slovenian Finance Minister Karl Erjavec assured that throught diplomatic network the country’s economy will still be supported.

January 9, 2014

Slovenia: Banking Sector Still in Turmoil

Small banks in Slovenia are reasons for concern in regard to their capital shortfalls.

January 3, 2014

Slovenia: Fresh Money for Major Banks

Bonds of BAMC (Bank Asset Management Company), Slovenia’s bad bank, will be traded on Friday for the first time. The bonds will be forwarded to the country’s biggest banks in return for their bad loans.

December 27, 2013

Slovenia: EU Commission Approves Bank Aid

On Wednesday the European Commission has approved state aid for five Slovenian banks.

December 19, 2013

Slovenia: Growth Forecast Cut Again

The World Bank predicts a longer recession in Slovenia. The Slovenian economy will not leave the recession behind before 2015.

December 19, 2013

Slovenia: Three Arrestments at NLB

According to Slovenian authorities, three persons in the bank’s environment were arrested because of alleged malpractice.

December 18, 2013

Slovenia: Bad Bank to Operate Longer than Expected

According to executive director Mannson, the collecting and selling of non-performing loans would take at least ten to fifteen years.

December 16, 2013

Slovenia: Haircut for Junior Bondholders

Subordinated bond holders of the state-owned Slovenian banks will lose their investments completely. This is part of the recapitalization scheme.

December 14, 2013

Positive Respond to Slovenian Bank Recapitalization Plans

The European Bank for Reconstruction and Development responds positively to the results of the asset quality review of Slovenian banks and the corresponding plans of the government.

December 13, 2013

Slovenia Pushes Forward with Privatizations

In spite of the capital shortfall of € 4.78bn of the banks in Slovenia, the bank stress test was passed by the financial institutes.

December 13, 2013

Slovenian Banks Exhibit Capital Gap of Almost € 5bn

The capital gap of Slovenian banks comes at a total of 4.78bn, according to the stress test published today.

December 12, 2013

Slovenia: Bank Bailout Plan Is Completed

Tomorrow, December 12, the results of the bank asset review will be published. The next steps have been determined already in advance.

December 11, 2013

NKBM´s CEO Demonstrates Optimism

In an interview with the Slovenian STA, Ales Hauc stressed that the second-largest Slovenian lender has a positive future.

December 10, 2013

Slovenia: Bank Stress Test Results Expected Earlier

According to a source within the European Union, the test results of the asset review of Slovenian banks will be published on December 12.

December 6, 2013

Slovenia: National Bank Rejects Rumors

The Slovenian National Bank has reacted to the increasing number of reports on the possible result of the stress tests at eight Slovenian Banks.

December 5, 2013

Slovenia: LJSE Suspended Trading Bank Shares

According to the Stock Exchange "not all conditions for a fair, orderly and efficient trading in the securities are satisfied."

December 3, 2013

Bratusek: Slovenia Will Manage Bank Rescue

According to Prime Minister Bratusek, Slovenia will manage the bank rescue on its own.

December 3, 2013

Slovenia: Stress Tests Result Published on December 13

Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.

November 23, 2013

Banking Sector: Pressure on Slovenia Grows

The IMF calls Slovenia to re-capitalize the banking sector immediately. However, Slovenia´s financial situation is already more than tense.

October 29, 2013

Slovenia: Bailout Comes Closer

The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.

October 28, 2013

Bank Asset Review: Slovenia´s Government Satisfied

According to Slovenia´s Prime Minister Alenka Bratusek, Slovenia´s government has received full support for the bank asset review. ECB´s point of view is more critical, however.

October 26, 2013

Slovenia to Expand Bank Stress Test

Instead of formarly three, ten banks are now supposed to be subjected to a stress test. Results are expected until the end of the year.

August 19, 2013

Slovenia: Privatisations to Attract Investors

15 companies set for privatisation in Slovenia.

July 1, 2013

Slovenia Expects Economic Recovery As Soon As 2014

On Saturday, the Slovenian Finance Ministry expressed its confidence that the newly adopted action plan would help stabilize public finances and help gain economic recovery despite of Fitch’s downgrade.

June 24, 2013

Slovenia: Mercator to be Finally Sold

It is the ninth sale attempt for Slovenian trade chain Mercator today, but it could be finally sealed. Croatian corporation Agrokor is the interested party. A dozen owners will decide about the retail chain’s fate.

June 14, 2013

Slovenia: Bailout As An Option

Prime Minister Bratusek announced her consent to introduce fiscal rule in 2015.

June 4, 2013

Slovenia: NKBM Still In the Reds

Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.

May 31, 2013

Slovenia Likely To Require More State Funds Than Expected

According to Morgan Stanley, the Slovenian national treasury will need a further amount of € 11bn until 2016. Slovenian Finance Minister Cufer is expected to present the new program in Brussels today.

May 13, 2013

Slovenia to Raise VAT and Sell 15 State Enterpises

Slovenia has announced to put 15 state companies up for sale and raise VAT in order to acquire revenues and avoid international bailout.

May 10, 2013

Fitch Downgrades Slovenian Banks to Junk Status

Rating agency Fitch has downgraded the creditworthiness of five Slovenian Banks.

April 8, 2013

Slovenia: Situation For Banks Still Shaky

According to the National Bank, the new government in Slovenia needs to avoid becoming the new setting of bail-out negotiations with the EU after the banking crisis in Cyprus.

March 28, 2013

Slovenia: New Coalition Stands

Slovenia´s new Prime Minister Alenka Bratusek is the head of a four-party-coalition.

March 13, 2013

Slovenia: Bratusek New Head of Government

Today, Slovenia´s Lower House of Parliament has elected a new Prime Minister. Janez Jansa continues to manage the government business.

February 27, 2013

Slovenia: Jansa Remains Prime Minister

Today, Slovenia´s Parliament will elect a new official head of government. However, Jansa will continue the government business.

February 27, 2013

Zavarovalnica Maribor Remains Slovenian

The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.

December 11, 2012

Slovenia: Austrian Grawe Will not Take Over ZM

The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.

November 30, 2012

Slovenian NKBM in Difficulties

The second-biggest Slovenian Nova Kreditna Banka Maribor (NKBM) bank suffers from its risky assets. The NPL quota is still on the rise.

November 22, 2012

Zavarovalnica Maribor Sale: Slovenia Under Pressure

The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.

November 21, 2012

Grawe Bids for Zavarovalnica Maribor

The Austrian insurance group wants to take over the Slovenian insurer Zavarovalnica Maribor (ZM). ZM´s management prefers Slovenian bidders.

October 10, 2012

Slovenia: Second-Largest Insurance Group to be Sold

The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):

October 8, 2012

Slovenia “No Bail-Out Candidate”

Slovenia ´s former Prime Minister Anton Rop is optimistic that the country will manage the crisis.

September 27, 2012

Slovenia: Juncker Calls for Reforms

The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”

September 10, 2012
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