The second executive director will start in January and will be a foreigner, the BAMC told the STA on Saturday. The appointment of the third and final executive director is as yet unclear.

Škrubej has so far been in charge of financial consultancy at Deloitte Slovenija, specializing in mergers&acquisitions and public-private partnerships.

A graduate of the Ljubljana Faculty of Economics, where he also obtained a masters' degree, he earned an MBA at Drury University in the US.

The executive directors of the bad bank, picked among 250 applicants in a job tender in July, will be appointed for a maximum of six years.

The board currently has three temporary executive directors and three Swedish non-executive directors, Arne Berggren, Lars Nyberg and Carl-Johan Lindgren.

The bad bank is expected to start mopping up soured loans from NLB, NKBM and Abanka once the results of bank stress tests are revealed on 13 December.