Press release from the meeting of the Governing Board of the Bank of Slovenia of 29 July 2008

1. The Governing Board of the Bank of Slovenia was briefed on banks’ current operations and the developments on capital markets. The slowdown in lending to non-banking sectors continued in June 2008. Year-on-year growth in loans to non-financial corporations and households declined.
   
2. The Governing Board also discussed Slovenia’s economic relations with the rest of the world, and expressed concern over the large current account deficit.
   
3. The Governing Board passed a resolution issuing Banka Sparkasse d.d. with a Bank of Slovenia authorisation to market investment funds and to sell investment coupons or shares in investment funds pursuant to point 6 of the first paragraph of Article 11 of the Banking Act.
   
4. The Governing Board was briefed on the quarterly bulletin of the Financial Accounts of Slovenia for the first quarter of 2008.