EUR 876M in Claims Admitted in Church controlled Zvon Ena Receivership
The court-appointed receiver of Church-owned Zvon Ena financial holding admitted EUR 876.3m in claims, making the collapse of the erstwhile pillar of Church finances one of the biggest bankruptcies in Slovenian corporate history.
The state-owned NLB bank is by far the biggest creditor, having registered claims worth EUR 270m, of which EUR 250m-worth were admitted, according to data released by the Agency for Public Legal Records and Related Services (AJPES).
The figure is far higher than unofficial figures from the recent due diligence of the bank, which suggested NLB had EUR 126m-worth of bad loans to Zvon Ena.
Slovenia's second largest bank, the majority state-owned NKBM, registered claims worth EUR 56m, of which EUR 43m-worth were admitted.
Virtually all other Slovenian banks have registered claims, but their exposure is much smaller than that of NLB and NKBM.
Zvon Ena entered bankruptcy in late February as the last Church-controlled firm to collapse.
Claims against Zvon Ena, Zvon Dva and Gospodarstvo Rast, all of which were directly or indirectly controlled by the Maribor Archdiocese, exceed EUR 1.6bn.
The total exposure of NLB to the Church trio is in excess of EUR 500m.