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Risk management and corporate banking sector regularly monitor and analyse the entire credit<br />
portfolio. They also analyse the amalgamation of credit portfolio on a regular basis.<br />
To ensure appropriate control and monitoring of amalgamation risk, the Bank actively controls the<br />
Bank’s portfolio, in particularly by changing and strengthening credit policy, as well as by adjusting<br />
overdraft limits.<br />
The Bank employs a range of policies and practices to mitigate credit risk. The most common is<br />
the taking of security for advances. The Bank implements guidelines on the acceptability of specific<br />
classes of collateral or credit risk mitigation. The principal collateral types for loans and advances are:<br />
• mortgages over residential and properties and business premises<br />
• charges over business assets, such as equipment, inventory and accounts receivable<br />
• charges over financial instruments such as debt securities and equities<br />
• insurance by insurance companies<br />
In addition, in order to minimise the credit loss the Bank will seek additional collateral from the<br />
counterparty as soon as financial difficulties of the counterparty are noticed.<br />
Type of collateral is determined by the nature and business of the counterparty.<br />
Advances other than loans, such as bonds and treasury bills, are generally unsecured.<br />
The Bank has a policy too start with working out process for the loans in default immediately after its<br />
occurrence and it includes the process of selling the collateral.<br />
Of the total of EUR 80,957 thousand (2010: EUR 95,725 thousand) retail loans insured with<br />
Zavarovalnica Triglav, d. d., Ljubljana, in 2011 the Bank cashed in insurance policies of EUR 444<br />
thousand (2010: EUR 798 thousand).<br />
In 2011, the bank cashed in collaterals in the amount of EUR 1,097 thousand (2010: EUR 247 thousand).<br />
These were collaterals for the outstanding loans to corporates in the amount EUR 6,061 thousand<br />
(2010: EUR 938 thousand). Income from ceded claims amounted to EUR 201 thousand (2010: EUR<br />
120 thousand), income from guarantees amounted to EUR 180 thousand (2010: 86 thousand). The<br />
dividends received on the pledged shares amounted to EUR 81 thousand and the sale of pledged<br />
securities amounted to EUR 583 thousand (in 2010: guarantees amounted to EUR 41 thousand).<br />
73<br />
<strong>Gorenjska</strong> <strong>banka</strong>, d. d., Kranj<br />
<strong>Annual</strong> <strong>Report</strong> 2011<br />
Financial <strong>Report</strong>
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