Moody's: Slovenia banks remain negative

Moody's Investors Service said the outlook on Slovenia's banking system remains negative, reflecting a persistently difficult operating environment and severe asset-quality deterioration, particularly in the highly leveraged corporate sector.

Moody's said it expects the operating environment for Slovenian banks to remain challenging with a 2% contraction in Slovenia's real GDP in 2012 and a further 1.4% in 2013.

This difficult operating environment will continue to weigh on fragile business confidence and limit demand for credit, the agency said.

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