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Home  > Bank of Slovenia  > Press Releases  

Press Releases

   

Date   Title of a Press Release
20.07.2017   Press release - Monthly information on bank performance in May 2017
19.07.2017   Press release - Summary of Macroeconomic Developments, July 2017
16.06.2017   Press release - New Macroeconomic Projection for Slovenia and Financial Stability Review June 2017
25.05.2017   Press release - ESCB central banks welcome the publication of Foreign Exchange Global Code of Conduct
25.05.2017   Press release - Monthly information on bank performance in March 2017
04.05.2017   Press release – Bank of Slovenia will contribute EUR 43 million of its surplus from 2016 to the state budget
24.04.2017   Press release - Rethinking Monetary–Fiscal Policy Coordination
21.04.2017   Press release - Spring Meetings of the IMF and the World Bank Group
13.04.2017   Press release - New Economic and Financial Developments report and Monthly information on bank performance in February 2017
04.04.2017   Press release - New €50 enters circulation
28.03.2017   Press release - IMF-Slovenia: Staff Concluding Statement of the 2017 Article IV Mission
14.03.2017   Press release - Handbook for Effective Management and Workout of micro, small and medium enterprise NPLs published
14.03.2017   Press release - Analysis of fees charged by banks and savings banks for payment services-2016
01.03.2017   Press release - President of the Deutsche Bundesbank give a speech at the Bank od Slovenia
22.02.2017   Press release - Summary of Macroeconomic Developments and Monthly information on bank performance in December 2016
07.02.2017   Press release - Successful migration of the Slovenian environment to the TARGET2-Securities settlement platform
02.02.2017   Press release - ECB president Mario Draghi in Ljubljana, the 10th anniversary of the introduction of the euro in Slovenia
26.01.2017   Press release - A commemorative 2-euro coin
11.01.2017   Press release - Financial Stability Review and Economic and Financial Developments report
         

Press release - Monthly information on bank performance in March 2017

Ljubljana, 23 May 2017

The Governing Board of the Bank of Slovenia discusses the Monthly information on bank performance in March 2017*

The banking system’s total assets increased by fully EUR 617 million in March, bringing an end to several years of decline. Total assets increased to EUR 37.6 billion, up 1.5% in year-on-year terms. March’s increase was the result of Slovenian banks’ borrowing from the Eurosystem, where the funds were borrowed in the most recent TLTRO II tender. The above-average growth in total assets was also attributable to an increase in deposits by the non-banking sector, most notably deposits by non-financial corporations. On the investment side there was an increase in balances at the central bank, mostly from the funding obtained in the TLTRO II, which the banks have not yet placed in the target investments.

Growth in loans to the aggregate non-banking sector is continuing to strengthen: they were up 3% in year-on-year terms in March. After three months of positive increases, loans to non-financial corporations declined slightly in March, although the year-on-year rate of growth nevertheless remained positive at 2.3%. The increased corporate demand for loans being reported by banks could stabilise or even increase lending to this sector. Non-financial corporations’ increased financial strength and improved creditworthiness as a result of several years of deleveraging and rising profits could encourage further growth in lending to this sector. The overall increase in credit demand will not necessarily be reflected solely in increased lending activity by domestic banks, as non-financial corporations are also seeking alternative sources of financing more intensively. Lending activity to households is continuing to strengthen: the changes in the banks’ approach to the financing of consumer loans in particular have raised growth in this segment. Household loans were up 6.5% in year-on-year terms in March, as consumer loans have increased particularly rapidly over the last six months.

Sight deposits continue to account for a large proportion of household deposits and aggregate deposits by the non-banking sector (67% of the former and 65% of the latter). As interest rates remain low, the increase in deposits by the non-banking sector is continuing to be driven by sight deposits, and the stock of fixed-term deposits is continuing to decline. After increasing by EUR 620 million in total over a period of five months, household deposits declined slightly in March, taking the high year-on-year growth rate down slightly to 6.1%.

The quality of bank investments again improved in the first quarter of this year. The proportion of claims more than 90 days in arrears stood at 5.3% in March, while the stock of such claims stood at EUR 1.8 billion.

The banking system’s gross income in the first quarter was down 2.5% in year-on-year terms, as a result of a further decline in net interest income. Net non-interest income continued to record positive growth, in the amount of 3.8%.The banks continued releasing impairments and provisions in March. The banks generated a pre-tax profit of EUR 141.2 million in the first quarter of the year.

Bank liquidity remains favourable. The banking system’s capital adequacy is also satisfactory: the total capital ratio stood at 19.1% on a consolidated basis.
 

*publication is available only in slov. language http://www.bsi.si/iskalniki/porocila.asp?MapaId=1329

 

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Slovenija
Phone: +386 1 47 19 000
Fax: +386 1 25 15 516 
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Slovenska 35
1505 Ljubljana
Slovenia
Phone: +386 1 471 90 00
Fax: +386 1 251 55 16
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