Revenue from interests dropped by 24.1% year-on-year to EUR 811.7m, according to data published by central bank Banka Slovenije on Monday.

Expenditure from interests dropped by 26.8% to EUR 431.3m compared to the first six months of 2012. Net interest dropped by 20.8% to EUR 380.4m.

Non-interest revenues were down 42.1% in the first six months compared to the year before to EUR 195m. Total gross revenues of Slovenian banks amounted to EUR 575.4m in the first half, down 29.6% year-on-year.

Continuing to cut costs, banks managed to reduce them by 6% to EUR 351.1m in the first half of the year.

Loans to the non-banking sector continued to decrease, dropping by 9.6% to EUR 31bn in June over a year ago and by 0.8% over May. Loans to companies were down 13.1%, while loans to households dropped by 3.1%.

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Meanwhile, household deposits increased slightly in June over May after three months of decrease, gaining 0.1% or EUR 20m. However, household deposits dropped by 3.1% to EUR 14.8bn year-on-year.

The total assets of Slovenian banks amounted to EUR 46.1bn in June, down 8.8% year-on-year and 2.3% over May.

The Banka Slovenije board of directors discussed the results on Friday, expressing concern that the pace of debt repayment by Slovenian banks to creditors abroad was slowing down. After strong deleveraging was seen in the past months, net repayments to foreign banks only reached EUR 8m in June.

EUR 1.7bn of debt will mature in the coming 12 months, which represents 21.5% (29.4% last year) of all liability toward foreign banks.

Meanwhile, the share of claims unpaid for more than 90 days continues to increase in comparison to other claims.

Claims exceeding 90 days were at 16.3% of all claims in June, which was 0.4 percentage points more than in May and 1.9 percentage point more than at the end of 2012.