trending Market Intelligence /marketintelligence/en/news-insights/trending/jqntqunvfxtxzrdzgwtqya2 content esgSubNav
In This List

Slovenian court orders Abanka to repay €1.3M over subordinated bonds

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021


Slovenian court orders Abanka to repay €1.3M over subordinated bonds

A Slovenian court ordered state-owned lender Abanka d.d. to repay €1.3 million to two owners of subordinated bonds written off during the country's bank overhaul between 2013 and 2014, Reuters reported Oct. 4.

The bank has appealed to the ruling but if it is upheld, three major banks — Nova Ljubljanska banka d.d., Nova Kreditna banka Maribor d.d. and Abanka — could end up paying millions in compensation to former holders of subordinated bonds, according to analysts.

In 2013 and 2014 the government put more than €3 billion into mostly state-owned banks, scrapping subordinated bonds issued by those banks to the value of some €600 million.