Slovenian banks post nine-month 567 mln-euro loss

Struggling under weight of 7.9 bln in bad loans

21 November, 20:00

    (ANSAmed) - LJUBLJANA, NOVEMBER 21 - The Slovenian banking sector posted 567.3 million euros in losses in the first nine months of 2013. In the month of September, losses totalled 191 million euros, compared with 115.2 million euros in the same period of the previous year. The largest ones were suffered by banks in which the state holds a stake. The main cause for the rise is the drop in bank finances.

    Some 880.6 million euros in bad loans were recorded from January to September, compared with 733.9 million euros in 2012. At the end of September, bad loans totalled an estimated 7.966 billion euros, 179 million more than in August. (ANSAmed).

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