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.
Comments
So much for Church-State separation in Slovenia! What was Zvon Ena investing in anyway to make such a loss? I doubt the money went to "good works." How much of the Sunday donations from the faithful churchgoers went straight to the Vatican Bank, now under investigation for incompetence and corruption?
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This is the Devil's trick! NLB is a nothing but a filthy prostitute making up disgusting lies about these wonderful men.
If NLB says one word about this to anyone NLB will suffer torments and burn in eternal hellfire.
I very much hope that NLB's mum and grandma will not have to be informed of its dirty blackmailing tales to the receiver, because you know what that will mean...
NLB management must not miss Sunday's sermon as Father Franjo will be giving helpful advice on some neat bookkeeping adjustments which can hand relief to your Tier 1 capital ratios.