"Our expectations are in line with profit"

Igo Gruden, Director of Credit Management and Workout, Bank Asset Management Company - DUTB d. d.

In 2017, what were the most profitable projects in terms of non-performing loans?

I cannot comment on the profitability of individual projects. In the context of performance, however, earnings are not the only benchmark, although our primary goal is to repay as much money to taxpayers as possible. In 2017, we generated more than EUR 400m cashflow in three areas: the sale of real estate, the sale of equity interests and and cash flow from loan repayments, including the sale of receivables. The success was that restructured companies in Slovenia, with gross loans more than EUR 100m, fully refinanced their loans with commercial banks. The second success was the reimbursements by restructured companies of which there are currently 58 representing about half of value of receivables management. The third success, where we also generated a considerable cashflow in...

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