Nyberg is the only non-executive director to be spared as the government made the replacements following media allegations of wrongdoing and adverse findings by the Court of Audits and the Commission for the Prevention of Corruption.

Former chairman of the Ljubljana Stock Exchange Marko Simoneti, banker Imre Balogh and businessman Janez Širovnik were named new non-executive directors to replace Carl-Johan Lindgren, Arne Berggren and Mitja Mavko.

The government also amended the remuneration policy at BAMC to cut directors' pay. The pay of non-executive directors has been halved to EUR 5,000 a month, while that of executive directors has been limited to EUR 10,000, which is half the maximum under previous rules.