Ex-Slovenian bank clients in Croatia, Bosnia invited to apply for reimbursement

The Slovenian Finance Ministry published on Monday in a number of Croatian and Bosnian dailies an invitation to former Ljubljanska Banka (LB) clients to start submitting as of December 1 motions for the return of foreign currency savings which they could not access since the break-up of the former Yugoslavia.

Judging by all accounts, Croatian depositors, about 130,000 of them, will be the first to be reimbursed.

The motions can be submitted until 31 December 2017. They refer to savings which Slovenia has the duty to repay under a European Court of Human Rights (ECHR) ruling of 2014.

The Slovenian government estimates that EUR 385 million will be necessary to reimburse all former LB clients outside Slovenia, and that another 8,000 LB depositors whose 160 applications are still being processed by the ECHR will also opt to end the dispute with Slovenia.

Last update: Thu, 23/06/2016 - 20:42

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