Last week, officials of the Bank of Slovenia, almost the same as exactly one year ago, activated their own secret »calculation«of capital and upon expected communications, discovered that conditions for the deletion of all subordinate bonds of the Bank of Celje were fulfilled, as it was already promised to "Brussels" in April. Just as in five other Slovenian banks, where the deletion was activated last year, it is also expected here, that the »calculation«remain permanently secret, under the pretense of a »risk of the collapse of the financial system«, which would theoretically cause its disclosure, while all warnings, that such a deletion is not undertaken by any other member of the EU, as it was executed in all banks in Slovenia (where it was at all theoretically possible), fell on deaf ears..

The PanSlovenian Shareholders' Association (VZMD) already for one year has been calling for the sobering up of crazed officials at the Ministry of Finance and Bank of Slovenia, where, in the wish for themselves, that they would please lower level officials in Brussels and perhaps ensure for themselves (even) better paid jobs west of Slovenia, are prepared to make use of falsified dates and calculations as well as assertions with unbelievable conclusions (www.dnevnik.si/posel/novice/igra-stevilk-datumov-in-nakljucij-ob-resevanju-bank), while filling up the courts with obviously absurd and false pursuances (www.finance.si/8813069/).

We remember: exactly one year ago, the Bank of Slovenia with a secret »calculation«decided, that the capital in most significant Slovenian banks NLB, NKBM, Abanka, Probanka in Factor banka was negative - and that in such a scale, that it enabled the deletion of all subordinate creditors of all the aforementioned banks, after the, at the time, just introduced amendments to the Banking Act. The shocking deletion or expropriation, was already promised three months prior by officials of the Ministry of Finance to lower officials of the European Commission (www.mladina.si/160175/salonski-bojevniki/).

Upon this deletion, only one bank in Slovenia with issued subordinated bonds remained – Banka Celje; also it was last year subject to a capital valuation by a secretive methodology, in non-compliance with any accounting standard and intended exclusively for the execution of deletion, but in Banka Celje, not even that would have led to a negative capital situation and consequentially a foundation for the deletion.

The capital of Banka Celje was also positively revised at the end of last year, but obviously the experiment had to continue and although Banka Celje, also through this year, showed not only positive capital, but also a quarterly profit, in April of this year a resolve was sent to Brussels, that also in this bank all subordinate creditors were to be deleted; this was, after many months of ignorance, finally on 28 August of this year at the General meeting of Banka Celje, upon the question by the PanSlovenian Shareholders' Association's representative, publically admitted by the Chairman of the Board of that bank.

And so it was already in April stipulated, that the holders of issued subordinated bonds, also in the last remaining banks, are to experience the same fate, as all others, which were deleted last December. The promise, given to lower officials in Brussels in secret communication, had been obviously decided upon by officials of the Bank of Slovenia to fulfill despite the obvious fact that it was based on totally unreal expectations: upon the announcement of the catastrophic losses of the bank (which actually traded with a profit) and an even more catastrophic fall in Slovenia's GDP (which already during the time of this promise grew and in the last months actually grew the quickest in the entire euro zone).

As can be therefore seen, a total removal is, with respect to the sanctioning or at least the cessation of the destructive policy of the Ministry of Finance of the Republic of Slovenia and the Bank of Slovenia, unfortunately still far away, as the Bank of Slovenia has now deleted all bonds, which were possible to delete. The Governor of the Bank of Slovenia, only half an hour after, when the media was informed of the new magnitude of successful deletions or expropriation, set off on a pre-New Year party of bankers and stockbrokers, and there was treated to shrimp tails and champagne and paid tribute with a high-flying speech about the successes in integrating trust into the Slovenian banking system!?!