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Slovenia pays more than EUR 100 mn to Ljubljanska Banka clients

Author: Roberta Mlinarić

ZAGREB, Dec 29 (Hina) - Slovenia has paid Croatian clients of the now defunct Ljubljanska Banka (LB) 103 million euros in savings deposits, and at the end of this year it has started paying the first savings deposits claimed by the bank's clients in Bosnia and Herzegovina, amounting to some 1.5 million euros, the Slovenian fund in charge of succession issues said on Thursday.

Slovenia has received 28,500 claims from LB clients from outside Slovenia demanding the payment of foreign currency deposits from the time of the former Yugoslavia, including more than 15,000 from Croatia.

More than 10,000 payments, mostly to depositors in Croatia, have been made by the end of this year, the fund 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 Slovenia adopted in 2013, 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, paying them their principal in installments plus interest.

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 within a period of two years.

The bank's clients and their heirs are entitled to claim savings deposits owed to them by Ljubljanska Banka by December 2017 at the latest.

(Hina) rml

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