Home/FX/Newsfeed

Slovenia Needs $6.62 Billion To Capitalize Ailing Banks

Share Print 0

Slovenia’s banks need 4.8 billion euros ($6.62 billion) to plug the holes in their balance sheets, the central bank said on Thursday, a sum the country can probably scrape together without having to ask its euro zone peers for a bailout.

Banks in Slovenia are saddled with an estimated 7.9 billion euros in bad loans — equivalent to a fifth of national output — after the global economic slowdown exposed their poor lending practices and tangled ownership structure.

At stake in Slovenia is whether the euro zone as a whole can say with confidence it is emerging from the convulsions of the past five years, or whether it still risks slipping back into the kind of crises that hit Greece, Ireland and Cyprus.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top