The Slovenia Times

Abanka Loss Hit EUR 200m in 2014


The bank transferred EUR 1.1bn in bad loans to the Bank Asset Management Company last year. In addition, the state injected EUR 243m into the bank on 8 October to shore up its capital base.

Abanka now has a purged balance sheet and a capital base for further growth, the bank said in a preliminary earnings release on Thursday.

Bank and group capital ratios were in excess of 18% as at the end of the year and the share of non-performing loans dropped to 12.2% at group level.

Net interest revenue rose 5% to EUR 55.2m and net fees were up 2% to EUR 29.4m.

Abanka is likely to be merged with Banka Celje before it is privatised in accordance with commitments Slovenia made when it requested EU clearance for state aid.


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