Letno poročilo 2007 - UniCredit Banka Slovenija dd

While analyzing the balance sheet, wecan establish that the volume of assetsremained more or less unaltered, whilemajor changes occurred within it.These changes are primarily connectedto the adoption of the euro and theimplementation of the European CentralBank monetary policy. Monetaryinstruments of the Bank of Sloveniawithdrew from the market and Europeanones were introduced. For UniCreditBanka Slovenija d.d. this meant anessential decrease of the securitiesportfolio and receivables towards theBank of Slovenia and other banks,reduction of its obligations to foreignbanks, while simultaneously an essentialincrease of its receivables to the nonbankingsector namely the generalpublic by more than 40 % , and also tocompanies, by roughly 24 %.At this credit growth, the Bank proceededfrom two direct goals: thorough creditrisk analysis and return on equity. TheBank did not take part in financing largetakeovers, which were realized on theSlovenian market. From this perspective,growth of this type was smaller than inthe total banking sector, especially ifwe compare credit growth for differentbusiness needs. We are convinced thatthe Bank’s decision on acceleratedfinancing of the needs of the generalpublic, especially in the field of realestate, is correct. We believe that thisgrowth still stands on a firm economicfoundation and stable householdincome, which represents the basis forUniCredit Bank · 2007 Annual Report 105