The Slovenia Times

Central bank after incompetent new supervisors


New supervisors were appointed this year at state-owned NLB, NKBM, SID, as well as Abanka, also indirectly state-controlled.

The government overhauled the entire supervisory board of SID, the export and development bank, in April, Abanka Vipa got new supervisors in May, and NKBM and NLB in June.

The banking act says that supervisors need at least five years of management or supervisory experience in companies of comparable size and performing similar activities as the bank.

"As part of the latest appointments we invited the members of the supervisory boards for an interview...In cases where we established a risk of members not supervising appropriately, we sent letters to banks, telling them to ...dismiss these members. We unfortunately cannot dismiss them...We expect the shareholders' meeting will be convened and action taken," Kranjec said for Friday's edition of Delo.


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