Finances of Slovenian Households, Companies, Improved in Q1 2020

By , 19 Jul 2020, 17:32 PM Business
Finances of Slovenian Households, Companies, Improved in Q1 2020 pxhere CC-by-0

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STA, 19 July 2020 - The financial position of Slovenian households keeps improving since assets growth continues to exceed debt. At the end of the first quarter in 2020, the surplus of assets over debt increased by EUR 2 billion year-on-year to EUR 41.9 billion, show central bank data.

At the end of the first quarter, Slovenia's households had assets of EUR 56.5 billion, up by EUR 2.5 billion year-on-year. Deposits increased by EUR 1.6 billion to EUR 22.9 billion, 90% of them were made at domestic banks and 72% of them were sight deposits.

In the same period, liabilities grew by EUR 427 million to EUR 14.6 billion. Loans, increasing by EUR 483 million, accounted for the bulk of the liabilities (EUR 12.9 billion) and were mostly arranged at banks (85%).

The finances of companies or non-financial corporations improved as well at the end of the first quarter. The deficit of assets over debt decreased by EUR 775 million year-on-year to EUR 38.9 billion.

Companies had assets of EUR 49 billion, a EUR 683 million increase year-on-year. Liabilities meanwhile stood at EUR 87.9 billion.

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