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Slovenia Bank Industry Needs to Shrink, Central Bank Chief Says

Slovenia’s banking industry, bailed out by the government, needs fewer lenders to survive in an environment of low interest rates and stiff domestic competition, the head of the country’s central bank said.

The banking industry, which received 3.2 billion euros ($3.5 billion) of state aid during the country’s 2013 financial crisis, is “adequately” capitalized and needs no further cash injections now, Governor Bostjan Jazbec, 45, said Wednesday in an interview in his office in Ljubljana.