Ljubljanska Banka pays EUR 54 mln to its former Croatian clients so far

In the first nine months since it started receiving claims from clients of its now defunct Ljubljanska Banka in Croatia and Bosnia and Herzegovina demanding the payment of their foreign currency deposits from the time of the former Yugoslavia, Slovenia has paid around 54 million euros, the Slovenian government's public relations office said in a statement.

The government's office in charge of succession issues has so far issued 4,200 informative calculations for former Ljubljanska Banka clients in Zagreb to which those clients did not have objections.

So far, they have been pad 54 million euros based on final calculations. Several thousand former clients have objected to calculations of their savings deposits and they are yet to receive EUR 31 million after the ongoing appeals procedure is completed.

The payment of old foreign currency savings deposits of the former Ljubljanska Banka branch in Sarajevo had not started yet because the part of the bank's documents now located in Banja Luka has to be copied. The copying of the bank's documentation in Sarajevo was completed last month and payments could start by the end of the year, the Slovenian government's public relations office said.

The decision on the payment of formerly disputable deposits which the Slovenian government had claimed should be dealt with as part of the process of succession to the former Yugoslav federation, is based on a law the Slovenian government adopted two years ago, after the European Court of Human Rights in Strasbourg ruled that the state, as the bank's founder and owner, should pay back those deposits the same way it returned deposits to its Slovenian clients some 20 years ago.

According to the Slovenian government's calculations, around 230,000 clients of Ljubljanska Banka in Croatia and Bosnia and Herzegovina should receive a total of 258 million euros owed to them by the bank and the debt should be paid in the next two years.

Last update: Sun, 04/09/2016 - 14:30

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