As one of Elan’s largest creditors, Bank Asset Management Company actively monitors the company’s operations. In May BAMC made it possible for the company to get a critically needed large short-term loan from Gorenjska banka by pledging its own collateral, effectively taking on a large portion of the financing risk. At the same time, BAMC was actively involved in discussions with the relevant stakeholders about the probability of the company very soon having to repay funds which constitute “illicit state aid”, namely EUR 10 million plus interest, and about the importance of successfully concluding the sale process, which has been ongoing for over two years. The issues of illicit state aid and caring for the company and its development fall within the shareholders’ scope of responsibility, and under the circumstances, BAMC will make use of all means within our power and the law to ensure a good future for the company.
In accordance with the Rules of Ljubljanska borza, d. d., Ljubljana, and applicable law, Družba za upravljanje terjatev bank, d. d. (“BAMC”), Davčna ulica 1, Ljubljana, hereby issues the...Read more
On April 24th 2018 DUTB Board of Directors approved the Annual report of DUTB for 2017 which explains the very successful business year. In 2017...Read more