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NLB Boss Thinks Bad Bank Will Not Address Credit Crunch

Ljubljana, 25 October - The shifting of non-performing loans onto a bad bank will not end the credit crunch, but it may end the "capital crunch", NLB bank chairman Janko Medja told a meeting Thursday organised by the American Chamber of Commerce in Slovenia.

Ljubljana
Marko Košak of the Ljubljana Faculty of Economics tells Amcham business breakfast that lending is unlikely to increase immediately even if bank balance sheets are purged of non-performing loans
Photo: Daniel Novakovič/STA

Ljubljana
NLB bank chairman Janko Medja tells Amcham meeting the shifting of non-performing loans onto a bad bank will not end the credit crunch, but it may end the "capital crunch"
Photo: Daniel Novaković/STA

Ljubljana
Finance Ministry State Secretary Dejan Krušec tells Amcham business meeting he expects that the bad bank will help kick-start lending
Photo: Daniel Novakovič/STA

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