Research Detail
| 2024/05/14 / Erste Group Research |
SID Bank SID Bank Slovenia's national development bank and authorized export-credit agency, 100% owned by the Republic of Slovenia. With roughly 220 employees and a balance sheet total of EUR 2.7bn, in 2023 net earnings almost doubled to EUR 15.6mn, while CET-1 advanced to 27.3%. Funding of financial liabilities of roughly EUR 2.2bn is mainly sourced by loans through non-banks, banks and bond and promissory note issues, the latter totaling approx. EUR 742mn. All obligations of SID Bank are explicitly, unconditionally and irrevocably guaranteed by the Republic of Slovenia (A3/AA-/A). SID Bank offers a green bond framework. As a green bond pioneer in the region, an inaugural green bond was issued in the year 2018. |
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General information
| Author | Erste Group Research |
| Date | 2024/05/14 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Slovenia |
| Currency in focus | Euro |
| Sector in focus | - |
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