Slovenian banks' profits dip but fees rise as free service plan faces resistance

Slovenian banks collectively earned 882 million euros in net profit last year. While this represents a 17% decrease compared to the previous year, the figure remains significant. Facing declining net interest income, banks are increasingly relying on other revenue streams.

Fees and services income saw a 6% increase, contributing over a third of the banks' total earnings. Over the past four years, the costs associated with account management, payments, and other services have risen by more than 22%. According to the Bank of Slovenia, the average annual cost for these services reached 74.12 euros last year.

This trend explains the cautious stance of banks and their industry association towards a coalition government proposal. The plan aims to guarantee a free package of basic banking services for everyone receiving a salary, pension, or other regular income. This initiative is intended to uphold the right to cash and ensure access to banking for all.