Liquidation of ‘bad banks’ in Slovenia under question

Written by on September 10, 2013 in Business - No comments
a fanned-out sheaf of euro notes

Slovenian business daily newspaper Finance says in Monday’s commentary there are several major questions open in the wake of the central bank’s decision to wind down the ailing Probanka and Factor Banka.

On Saturday, the European Commission welcomed the government’s decision to wind down two small troubled banks, expressing “full support” to the authorities, a European Commission source told the STA.

“The government and the central bank have done the right thing, a necessary step in the process of consolidation of the bank system”, the source said in response to the decision of the Slovenian authorities to conduct supervised liquidation of Factor Banka and Probanka.

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(Photo: takis kolokotronis/sxc.hu)

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