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Slovene Development Corporation Purchases Paloma's Debts to Abanka and SKB Bank

Ljubljana, 19 October - The bank Abanka and the SKB bank on Thursday signed a contract with the Slovene Development Corporation (SRD) on the sale of debts the paper-factory Sladkogorska Paloma owes to these two banks. Chairman of the SRD board Marjan Rekar told STA that the debts were worth DEM 2.6 million. The money will be paid to the banks' account on Friday. Rekar stressed that the corporation managed to buy off the debts with a discount.

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