The deal was signed just a day after the change in management at the BAMC – following a government decision Marko Simoneti, Imre Balogh and Janez Širovnik will assume three of the four non-executive director positions today.

The bad bank is convinced that the sale of the package of four companies is a good deal. However, the bad bank refuses to reveal the details of the transaction. The government expects the new bad bank management to ensure the effective functioning of the institution and address the shortcomings that have been pointed out by the Court of Audit and the Corruption Prevention Commission. With the changes the management will also be paid less. Salaries will now range from 4000 euros net for the non-executive directors, to 17.000 euros for the chief executive Torbjörn Mansson. Experts say it is difficult to tell how high the salaries need to be for the bad bank to function transparently, efficiently, and to the benefit of all citizens.

So far, the bad bank's decisions have not been transparent and in many cases they have been on the brink of breaking the law or even unlawful. Economist Bogomir Kovač warns, that the government should not only partially change the management team, but also review its business. Following the findings of numerous irregularities the management of the bad bank could have also resigned, but economist Igor Masten warns that it did not do so. Such conduct is inappropriate, says Masten.

Kovač thinks that the government's decision to only partially change the management is a compromise, in order to hide all the wrongdoings in the bad bank. He adds that we can't expect the partial change to give us a clearer picture of the happenings in the institution and the responsibilities of those involved.