Slovenia’s SID Bank won the award for the Best Regional Development Bank – Southeastern Europe 2019, given out by Capital Finance International magazine in early March.
SID Bank is a development and export bank fully owned by the Republic of Slovenia. The bank mostly supports companies by providing insurance and financing for exports. SID Bank also manages European cohesion funds allocated to Slovenia through a fund that advances research and innovation, energy efficiency and urban development. Capital Finance International especially praised the long-term approach and flexibility of the bank, which “has grown to become a key facilitator – and financer – of international business cooperation”. The bank operates with 2.4 billion euros of total assets (2018).