Financial Position of Slovenian Households Keeps Improving, Despite Epidemic

By , 18 Jan 2021, 09:07 AM Business
Financial Position of Slovenian Households Keeps Improving, Despite Epidemic pxhere CC-by-0

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STA, 17 January 2020 - The financial position of Slovenian households continues to improve as their assets had increased more than debt until the end of the third quarter of 2020. The surplus of assets over debt stood at EUR 45.2 billion, a rise by EUR 3.9 billion at the annual level, the central bank's report shows.

At the end of last year's third quarter, Slovenia's households reported assets of some EUR 60 billion, an increase of EUR 4.1 billion year-on-year.

Bank deposits increased by EUR 2.1 billion to EUR 24.1 billion, 90% of them were made at domestic banks and 73% of them were sight deposits.

Cash claims totalled EUR 5 billion, whereas insurance or pension scheme claims stood at EUR 8.1 billion. Equity investments were also on the rise, amounting to EUR 18.2 billion.

Household liabilities rose by EUR 198 million to EUR 14.8 billion. Accounting for the bulk of the liabilities, loans increased by EUR 186 million to EUR 13 billion. They were mostly taken out at banks (84%).

When it came to the situation of companies or non-financial corporations at the end of the 2020 third quarter, the deficit of assets over debt grew by EUR 130 million year-on-year to EUR 39.3 billion.

Companies held assets worth EUR 50.2 billion, up by EUR 1.1 billion year-on-year. Investments in equity grew by EUR 712 million to EUR 17.7 billion.

Liabilities meanwhile stood at EUR 89.5 billion, up by EUR 1.2 billion. A quarter of them were loans (EUR 22.3 billion), down by EUR 631 million. Some 41% of them were arranged at banks and 29% abroad.

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