Sava Re Group to impair losses caused by liquidation of Probanka and Factor Banka

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Due to liquidation of Probanka and Factor banks Sava Re Group, led by Zvonko Ivanušič will book the impairment lost 4.8 million on financial instruments and subordinated shares. Of these, 1.8 million of subordinated bonds were of Factor banks of Sava Reinsurance Company and the poor three million euros in subordinated bonds and 46 thousand from the shares Probanka ZM.

For now In reinsurance company do not want to  change expectations about the results of the Company at the end of the year. “This is not expected to change in the basis for the payment of dividends,” they wrote in the message, which is published on the website of the Ljubljana Stock Exchange.

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