Executives at the Bank Asset Management Company (BAMC), Slovenia’s bad bank, still earn too much money - despite a government resolution to cut their salaries. The highest monthly salary was 71,000 euros.
Cerar said on the sidelines of the 70th General Assembly of the United Nations in New York that the government had already cut the salaries of the executive and non-executive directors at the bank. "Out-of-control spending has already been curbed. Things have started to change," Cerar said. He added that a bill is being drafted that would change the role of the bad bank.
According to the new bill, the bad bank would not only sell state assets - it would also be actively involved in restructuring these assets.
“The government has been active here. Next year, the terms of the current executives will expire. New executives will be hired,” Cerar said. He stressed that the government will choose the new executives carefully because it is paramount that the bad bank operates for the public benefit.
The Court of Audit said that most of the measures adopted by the government, the Finance Ministry and the bad bank were "partly satisfactory". However, they added that they are not at all satisfied with the way in which the government failed to look into how assets were transferred to the bad bank and who was responsible for this.
Even the measures that got a "partly satisfactory" rating had shortcomings, according to the Court of Audit. This past weekend, some media outlets reported on the new salary policy for the bad bank, according to which excessive salaries would be curbed.