On 1 February 2017, BAMC executed early repayment of its syndicated loan granted by Slovenian banks in the amount of €168.0 million. After this early repayment, the remaining balance of the syndicated loan amount to €187.0 million.
BAMC had acquired the liquidity necessary to repay its financial liabilities from the €50.0 million recapitalization, provided by the Republic of Slovenia in late December 2016, and through its asset management operations in December 2016 and January 2017, after BAMC successfully finalized several sale transactions.
After the €168.0 million repayment, BAMC's financial liabilities stemming from issued bonds and loans received decreased by 12% and the current remaining balance (excluding accrued interest) amounts to €1,106.4 million.
This constitutes BAMC's partial repayment of the funds invested by the Republic of Slovenia into rehabilitation of the Slovenian banking sector, in line with its mission laid out in the Act Defining the Measures of the Republic of Slovenia to Strengthen Bank Stability.