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Banks with EUR 108.1M Net Loss After Five Months

Ljubljana, 23 July (STA) - Slovenian banks suffered a EUR 108.1m loss after taxes and a EUR 117.4m pre-tax loss in the first five months of 2013, which is 134% more than in the same period last year, shows data released on Tuesday by central bank Banka Slovenije. The result comes despite a 4.26% year-on-year drop in net impairments and provisions, which stood at EUR 290m.

The total assets of the banking system increased by EUR 380m in May, while the figure has decreased from EUR 46.12bn at the start of the year to EUR 46.02bn at the end of May.

Net revenues reached EUR 464.8m in the first five months, which is a 17% decrease year-on-year. Net interest revenues amounted to EUR 318.4m, down 20%, while non-interest revenue slid by 8.8% to EUR 146.4m.

The decline in lending to the non-banking sector continued, falling by EUR 265m in May to make for a EUR 1.1bn or 9% drop at the annual level. Almost half of this drop was accounted for by loans to non-financial companies, where lending was down 12.8% year-on-year. Lending to households contracted by 3.1%.

Sources of financing remain an important element in the credit crunch. The liabilities of Slovenian banks to foreign banks decreased by EUR 1.13bn so far this year.

Also down in May were household deposits, by EUR 81.2m, the drop is however much more moderate than in previous months.

The share of claims delinquent by 90 days stood at 15.9% in May, which is 0.7 percentage points more than in April and 1.5 points more than at the end of last year. Among companies, the share of bad claims stands at 26.9%, which is 2.9 percentage points more than at the end of 2012.

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