Business News

Foreign Banks Slowly Gaining Market Share

Ljubljana, 26 May (STA) - The rankings of Slovenian banks by total assets remained roughly unchanged in 2013 despite the bailout at the end of the year, but central bank statistics indicate a continuation of gains by mid-sized, foreign-owned banks at the expense of bigger domestic players.

NLB remains the biggest bank by assets with a market share of 23.5%, but it lost 1.4 percentage points year-on-year and more than five points since 2009.

The NKBM's market share has been hovering below 10% for several years, though last year it actually managed to increase it by 0.3 points to 9.7%.

SID banka, the state-owned export and development bank, remained in third for the second year, having added 0.5 points to 9.4%.

Meanwhile, Abanka in fourth lost 0.3 points to 7.5%, down from about 9% three years ago.

On the other hand, the bigger foreign-owned banks have been picking up market share.

Unicredit banka Slovenije expanded its share marginally to 6.2%, while SKB, owned by France's Societe Generale, came close with 6.1%, up from 5.6% in the year before.

Banka Koper, owned by Intesa Sanpaolo of Italy, expanded its market share to 5.7% from 5%.

Two Austrian-owned banks, Hypo Alpe Adria and Raiffeisen, meanwhile lost market share, the former dropping to 3.6% from 4.1% and the latter edging 0.2 points lower to 2.9%.

Russian-owned Sberbank, which came to Slovenia when it took over Austria's Volksbank, surged to 3.7% from 2.9% in the year before.

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