Press release - Bank of Slovenia hands material over to National Assembly investigative commission

The material requested by the investigative commission to identify abuses in the Slovenian banking system and to identify the causes of and responsibility for the need for a second recovery of the banking system in independent Slovenia was today handed over to Anže Logar, its chairman, by the Bank of Slovenia.

On 15 July 2015 the Bank of Slovenia received a request to submit the following material (cited):
1. the instructions received by the Bank of Slovenia from the European Central Bank in connection with ensuring financial stability in Slovenia;
2. details of all measures in the area of credit risk imposed by the Bank of Slovenia on NLB d.d., Nova KBM d.d., Abanka Vipa d.d., Probanka d.d., Factor banka d.d. and Banka Celje d.d. since 1 January 1997;
3. photocopies of criminal complaints filed by the Bank of Slovenia against members of the management boards and supervisory boards of NLB d.d., Nova KBM d.d., Abanka Vipa d.d., Probanka d.d., Factor banka d.d. and Banka Celje d.d. and against members of the supervisory or management bodies of the Bank of Slovenia or other persons related to the banking system;
4. the records and reports of the specialist inspection and analysis group at the Bank of Slovenia that participates in investigations of past bad banking practice, and the material submitted by the group to the prosecution authorities;
5. documents of valuations of NLB d.d., viz.:
• all contracts and annexes to contracts between the Bank of Slovenia and/or NLB d.d. and Roland Berger concluded in 2013 for the execution of valuations of NLB d.d.,
• all contracts and annexes to contracts between the Bank of Slovenia and Deloitte concluded in 2013 for the execution of valuations on the basis of an asset quality review,
• all contracts and annexes to contracts between the Bank of Slovenia and Deloitte concluded in 2013 for the execution of valuations under a going concern assumption, including the contract of 29 October 2013,
• the valuation and asset quality review of NLB d.d. executed by Roland Berger in 2013,
• the Hypothetical Liquidation Valuation of NLB d.d. as of 30 September 2013 issued by Deloitte on 10 December 2013,
• the Asset Quality Review Report: Quantitative Portfolio Analysis Results - NLB Group issued by Deloitte on 11 December 2013,
• the Asset Quality Review: Methodology Overview Report issued by Deloitte on 17 December 2013,
• the Asset Quality Review: Process Review Report - NLB Report issued by Deloitte on 11 December 2013,
• the Asset Quality Review: Report on Data Reconciliation, Data Completeness & Data Integrity Verification - NLB Group issued by Deloitte on 11 December 2013;
6. documents of valuations of Nova KBM d.d., viz.: 
• all contracts and annexes to contracts between the Bank of Slovenia and Ernst & Young concluded in 2013 for the execution of valuations of NKBM d.d. on the basis of an asset quality review, including the contract of 9 August 2013,
• all contracts and annexes to contracts between the Bank of Slovenia and Ernst & Young concluded in 2013 for the execution of valuations of NKBM d.d. under a going concern assumption, including the contract of 28 November 2013,
• the Data Integrity and Asset Quality Review - NKBM issued by Ernst & Young on 12 December 2013,
• the Hypothetical Orderly Liquidation Valuation of Nova KBM d.d. issued by Ernst & Young on 12 December 2013;
7. documents of valuations of Banka Celje d.d.: 
• all contracts and annexes to contracts between the Bank of Slovenia and Ernst & Young concluded in 2013 and 2014 for the execution of valuations of Banka Celje d.d. on the basis of an asset quality review, including the contract of 9 August 2013,
• all contracts and annexes to contracts between the Bank of Slovenia and Ernst & Young concluded in 2013 and 2014 for the execution of valuations of Banka Celje d.d. under a going concern assumption, including the contract of 28 November 2013,
• the Data Integrity and Asset Quality Review - Banka Celje issued by Ernst & Young on 12 December 2013,
• the Hypothetical Orderly Liquidation Valuation of Banka Celje d.d. issued by Ernst & Young on 11 July 2014.

The material, which was submitted by the Bank of Slovenia to the commission in a single, specially labelled version, encompasses 15,724 pages. 
The material includes restricted information of various classification levels (strictly confidential, restricted, ECB-Confidential, ECB-Secret, banking secrets, account numbers, restricted technical data, security data and data in connection with the Bank of Slovenia information system, and other information designated as restricted). 
The chairman of the commission, Anže Logar, committed himself in writing to protecting the restricted information received from the Bank of Slovenia, and was also briefed on the consequences of any disclosure or breach of confidentiality.