Ljubljana - SID Bank, Slovenia's development and export bank, has a new management board as the term of the board headed by Sibil Svilan expired at the end of 2021. Taking over at the fully state-owned bank on 1 January was Damijan Dolinar, with Stanka Šarc Majdič joining him as a board member. A third member is expected to be appointed soon.

Gašpar Ogris Martič had also been initially envisaged to serve on the planned three-member board, but this apparently did not happen, as only two new board members eventually took over.

Announcing the handover of the management today, the bank said that Ogris Martič had withdrawn his candidacy before the beginning of the term. The supervisory board will launch a new procedure to complete the board with a third member.

As the supervisors of SID Bank appointed the new management for five-year terms last July, it was said that since Dolinar would take over only on 1 February, Ogris Matič would lead the bank in January and then move on to the post of a board member in February.

There was apparently a change in the meantime and Dolinar took over at the beginning of the year.

Several candidates had applied for the jobs, including both members of the previous management board - Svilan, who led SID for three five-year terms, and Goran Katušin.

Dolinar is an expert on risk management, and household and corporate banking, who has worked in banking for 19 years, including ten years as a member of the management board at UniCredit Bank and Sberbank in Slovenia.

Šarc Majdič has worked in the financial sector for 15 years, of which 12 in banking, most recently as executive director for risk management at Gorenjska Banka. She holds a master'degree from the Ljubljana School of Economics and Business.