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Before first toxic loans were transferred onto the Bank Asset Management Company in late 2013, banks generated a total loss of EUR 1.05bn in the first ten months of 2013 with impairments and provisions at EUR 1.39bn.

In the same period last year, banks recorded a pre-tax profit of EUR 1.9m. Net interest revenue was up 10.9% year-on-year to EUR 693.5m and non-interest revenue rose by 7.6% to EUR 335.5m, while operating costs down 5.1% to EUR 560.4m.

Total assets amounted to EUR 39.28bn at the end of October, down 9.4% year-on-year but up 0.9% compared to a month ago, a report on the banking sector operations by Banka Slovenije shows.

Loans to the non-banking sector kept contracting, shrinking by 2.7% from September and by 21.3% from October 2013 to EUR 22.23bn. Loans to companies dropped by 4.8% at the monthly level.

Households deposits fell by 0.1% from September but rose by 3.8% year-on-year to EUR 33.78bn at the end of October, while corporate deposits rose 1.7% from September and 11.3% from October 2013.

The proportion of claims more than 90 days overdue among all claims fell to 13.2%, down 2.5 percentage points from September 2014 and down 0.2 points from December 2013.

The proportion of non-performing claims among companies fell by 4.1 percentage points from September to 19.6% in October 2014.