Bad bank generates EUR 40m in profit in 2019

Ljubljana, 29 May - Bank Asset Management Company (BAMC), Slovenia's bad bank, generated EUR 40.2 million in net profit last year. Its assets grew to EUR 242.1 billion on an average annual yield of 27.5%. Revenue from asset management reached EUR 220.8 million, the equivalent of 10.7% of assets transferred to the bad bank.