Reimbursement of Slovenian bank's Yugoslav-era clients in Croatia begins

Slovenia has begun reimbursing Yugoslav-era clients of its now-defunct Ljubljanska Banka's Zagreb branch and under the first reimbursement package, 39 former foreign currency depositors or their heirs are set to receive EUR 685,000 on March 3-14, the Slovenian STA news agency said on Saturday.

Slovenia estimates that it will need EUR 385 million to reimburse Ljubljanska Banka's Yugoslav era clients in Croatia and Bosnia and Herzegovina under a European Court of Human Rights ruling from 2014. It is estimated that 230,000 depositors or their heirs will request to be reimbursed.

Reimbursement requests may be filed with the Slovenian Succession Fund until the end of 2017.

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

More from Europe

Merkel warns against speedy Brexit talks ahead of May's speech

German Chancellor Angela Merkel played down expectations on Monday of a rapid round of negotiations aimed at ending...

Merkel fires back at Trump, says Europe will choose its own 'destiny'

German Chancellor Angela Merkel on Monday fired back at US president-elect Donald Trump's denunciation of her...

Police detain boxer in Spain suspected of Islamic State recruiting

Spanish police on Monday detained a suspected Islamic State member suspected of using his contacts as a boxing...

Pound swoons ahead of May Brexit speech as Trump reaches out on trade

The pound seemed to be calming down Monday after several hours of convulsions that saw it hit its lowest point since...

Italy saw deflation in 2016; first time since 1959

Italy experienced deflation last year, the first time it has done so since 1959, the Istat national statistics...