According to World Economic Forum's Global Competitiveness Report 2017-2018, financial market development in Slovenia is scored 3.4 out of maximum 7.0 and ranked 106th out of 138 analysed economies, trustworthiness and confidence of financial market is scored 3.5 (112th place).
Chart 1. Financial Market Development in Slovenia. Source: WEF.
Soundness of banks is scored 4.1 bringing Slovenia into the 104th place.
Chart 2. Soundness of Banks in Slovenia. Source: WEF.
Banks in Slovenia are mainly focused on the following areas:
Currently there are 18 credit institutions operating in Slovenia.
In 2018 consolidated banking assets in Slovenia were 43,093.59 mln EUR. The consolidated banking assets' evolution is shown at Chart 3 below.
Chart 3. Consolidated banking assets in Slovenia.
Recent structural changes (2013 - 2018) of the banking sector of Slovenia are summarised in Table 1.
|Number of Opened Banks||0||1||0||0||0||0|
|Number of Closed Banks||0||0||1||4||1||1|
Table 1. Recent structural changes in the banking sector of Slovenia.
The list of the most recently opened banks in Slovenia is provided in Table 2.
|Brüll Kallmus Bank AG, Bančna podružnica v Sloveniji (closed)||May 2014|
Table 2. The most recently opened banks in Slovenia.
All the credit institutions operating in Slovenia can be classified into several categories. Table 3 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of foreign banks||2|
There are 2 branches of foreign banks from 2 different countries in Slovenia. Table 4 shows the number of branches grouped by the country of origin.
|Country of Origin||Number of Branches|
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Slovenia are summarised in Table 5.
Table 5. Deposit guarantee scheme in Slovenia.
EEA stands for European Economic Area and consists of all EU member states plus Liechtenstein, Norway and Iceland.
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Local currency (Euro) deposit ceiling for Slovenia is set to Aa1 (high grade), foreign currency deposit ceiling is Aa1 (high grade).
Chart 4. Deposit Rates in Slovenia. Source: ECB.