Page 84 - Central & Southeast Outlook 2020

2019, reaching an all time high of 7.32% in October 2008 and a record low of 2.16% in September 2019.
Slovenian banks are continuing to gradually reduce their foreign deposits. On the other hand, the banks continued to increase their liabilities from household deposits and deposits by non-financial corporation
The banking system’s liquidity position remains favourable. The stock of the highest-liquidity assets, such as funds at the central bank and sight deposits at banks, increased by €0.46bn in 2019, to almost €5bn.
The consolidation of the banking sector continued in 2019. Slovenia’​s second largest bank Nova KBM (NKBM) received clearance from the Competition Protection Agency to acquire the local Abanka in a €444mn transaction. Following the acquisition, the combined market share of Nova KBM and Abanka will reach 22.5%, as reported at the time the deal was agreed. Abanka was the last of the banks nationalised in the 2013 bail-in of major Slovenian to be privatised.
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