Bank of Slovenia adopts 2017 annual report
The main source of the Bank of Slovenia’s income is interest on monetary policy instruments and portfolios, and on its own investments in securities. Net interest income amounted to EUR 105.1 million in 2017, up EUR 27.1 million on the previous year. This was mainly attributable to an increase in the stock of monetary policy portfolios, which derives from the Bank of Slovenia’s participation in the Eurosystem’s monetary policy of quantitative easing, and to negative interest rates on deposits by credit institutions and other clients.
Total assets amounted to EUR 14.5 billion at the end of 2017, up EUR 1.8 billion on the end of 2016. Owing to the increase in total assets, the general reserves no longer reach the floor of 5% of total assets, for which reason 25% or EUR 17.7 million of the Bank of Slovenia’s surplus is being allocated to the state budget in accordance with Articles 50 and 50a of the Bank of Slovenia Act, while the remaining EUR 53 million is being allocated to the Bank of Slovenia’s general reserves.
In the last five years alone, the Bank of Slovenia has contributed a total of EUR 207.9 million to the state budget.