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Economy and Banking Sector of Slovenia

Financial Market Development

Financial Market Development
3.4 (max 7.0), 106th out of 138 countries
Banks' Soundness
4.1 (max 7.0), 104th out of 138 countries

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).

Financial Market Development in Slovenia.

Chart 1. Financial Market Development in Slovenia. Source: WEF.


Soundness of banks is scored 4.1 bringing Slovenia into the 104th place.

Soundness of Banks in Slovenia.

Chart 2. Soundness of Banks in Slovenia. Source: WEF.

Further Information

Deposit Guarantee Scheme

Maximum Protected Amount
100,000 EUR

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:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Slovenia are summarised in Table 1.

Scheme Participants
all credit institutions operating in Slovenia
branches of non-EEA banks
branches of Slovenian banks abroad
Scheme Exemptions
branches of EEA-banks (covered by their home countries)
Eligible Depositors
private individuals
private individuals independently engaged in business activities
sole traders
legal entities (corporates)
Non-Eligible Depositors
banks
investment firms
financial institutions
insurance companies
pension funds
pension companies
state institutions
local communities
Covered Accounts
current accounts
savings deposits
cash deposits
certificates of deposit and bills
Non-Covered Accounts
bearer accounts
Maximum Protected Amount
100,000 EUR
Paid In Currency
EUR

Table 1. Deposit guarantee scheme in Slovenia.

EEA stands for European Economic Area and consists of all EU member states plus Liechtenstein, Norway and Iceland.

Further Information

Country Ceiling for Deposits

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)
Aa1 (high grade)
Foreign Currency
Aa1 (high grade)

Local currency (Euro) deposit ceiling for Slovenia is set to Aa1 (high grade), foreign currency deposit ceiling is Aa1 (high grade).

Deposit Rates

Average Deposit Rate (Feb 2019, EUR)
0.18 %  (Jan 2019: 0.16 %)
In February 2019, an agreed annualised deposit rate in local currency (Euro) of new contracts with agreed maturity up to 1 year between credit institutions and households was 0.18% which was below the Euro Area average (0.32%).
Deposit Rates in Slovenia.

Chart 3. Deposit Rates in Slovenia. Source: ECB.

Banking Supervision

BANKA SLOVENIJE

Banking Sector Structure

Number of Banks
18
Consolidated Assets (2018)
43,093.59 mln EUR  (+3.22%)
Recent Changes (2018)
new banks: 0, closed banks: 1

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 4 below.

Consolidated banking assets in Slovenia.

Chart 4. Consolidated banking assets in Slovenia.

Recent structural changes (2013 - 2018) of the banking sector of Slovenia are summarised in Table 2.

201320142015201620172018
Number of Opened Banks010000
Number of Closed Banks001411

Table 2. Recent structural changes in the banking sector of Slovenia.

The list of the most recently opened banks in Slovenia is provided in Table 3.

NameStart Date
Brüll Kallmus Bank AG, Bančna podružnica v Sloveniji (closed)May 2014
 

Table 3. The most recently opened banks in Slovenia.

All the credit institutions operating in Slovenia can be classified into several categories. Table 4 summarises the number of banks in each category.

CategoryNumber of Banks
Banks12
Branches of foreign banks2
Central banks1
Savings banks3

Table 4. Number of banks by category in Slovenia.

There are 2 branches of foreign banks from 2 different countries in Slovenia. Table 5 shows the number of branches grouped by the country of origin.

Country of OriginNumber of Branches
 Austria1
 France1

Table 5. Number of branches of foreign banks in Slovenia grouped by country of origin.