SID

What SID does

SID Banka (SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana) is Slovenia's state-owned export and development bank, established in 1992 and 100% owned by the Republic of Slovenia. Operating as a national promotional and development institution under the Slovene Export and Development Bank Act (ZSIRB), it provides financing, insurance and guarantees, and equity investments to Slovenian micro, small, medium, and large enterprises, exporters, municipalities, and public sector entities. The bank is mandated to operate counter-cyclically and to complement rather than compete with commercial banks, financing long-tenor, higher-risk, or strategically important projects where market solutions are insufficient.

SID Banka's product portfolio spans investment loans, R&D and innovation credits (with up to 100% eligible-cost coverage), working capital and crisis liquidity loans, export financing, foreign-buyer financing, export and investment insurance (up to 95% coverage for non-commercial risks and 80% for commercial risks), bank guarantee insurance, municipal and public-sector financing, and equity programs including the Slovenian Capital Growth Investment Program (SEGIP, expanded to EUR 220 million) and a venture capital fund. Revenue is generated primarily through loan interest income, risk-based insurance premiums, guarantee and credit-support fees, and bond investment returns. Distribution is dual: direct B2B engagement through relationship managers and business counselors plus indirect provision via commercial bank intermediaries (NLB, Intesa Sanpaolo, Gorenjska Banka, SKB Bank) and public-fund channels (EKO Sklad, Slovene Enterprise Development Fund). The bank does not accept retail deposits and serves no consumer-banking segment.

SID Banka operated with a EUR 2.5 billion balance sheet at end-2025 and reported 2025 net profit of EUR 3.7 million, reflecting the thin margins typical of development-finance institutions. Its funding base is layered: a EUR 1 billion joint mechanism with the Ministry of Economy (EUR 270M ministry / EUR 730M SID Bank), EUR 190 million in EU cohesion funds via the FI 2021-2027 program, bilateral facilities from the European Investment Bank (EUR 150M), Council of Europe Development Bank (EUR 150M), KfW, and European Investment Fund (EUR 42M), and capital markets issuance (EUR 100M bond and EUR 30M debt certificate in 2025; EUR 125M bond June 2026). It holds an AA/A-1+ credit rating from S&P (April 2026, highest in its history), is an associate member of the European Association of Guarantee Institutions, and in 2025 established two wholly-owned subsidiaries—SID Kapital and SID Upravljanje premoženja—resuming consolidated reporting for the first time since 2018.

Name

SID

Legal name

SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana

Website

https://sid.si

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

SID Banka is Slovenia's state-owned export and development bank, 100% owned by the Republic of Slovenia, providing financing, insurance, guarantees, and equity investments to Slovenian enterprises, exporters, municipalities, and public sector entities to complement commercial banking gaps.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

Keywords

• Development banking
• Export financing
• Export credit insurance
• SME lending
• Public sector financing

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Interest Income: SID Bank generates revenue primarily through interest on long-term loans provided to enterprises, municipalities, and public sector entities. Loans are offered at favorable conditions combining public and market sources, including fixed interest rates as low as 1% for certain programs.
2. Insurance Premiums: The bank earns insurance premiums from providing export insurance, investment insurance, and bank guarantee insurance products. Premiums are calculated based on sector and insured risk, with processing commissions ranging from EUR 200 to EUR 5,000 (0.1% of insured sum).
3. Guarantee and Credit Support Fees: Revenue from guarantee instruments including participation in credit risk without financing, purchase of bank bonds, and insurance for banks. Coverage extends up to 80% of credit risk for commercial risks and up to 95% for non-commercial risks.
4. Bond Investment Returns: SID Bank invests in corporate bonds of Slovenian companies, generating returns through interest and capital appreciation. This enables access to capital markets financing for Slovenian enterprises.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

SID Bank is Slovenia's state-owned export and development bank providing long-term loans, equity financing, export and investment insurance, and credit guarantees for Slovenian enterprises, exporters, and municipalities. The bank operates a EUR 2.5 billion balance sheet and complements commercial banks by financing higher-risk development projects, supporting green transition, R&D, internationalization, and public sector infrastructure with maturities up to 30 years.

Product overview

SID Bank (Slovenska izvozna in razvojna banka) is Slovenia's state-owned export and development bank offering a comprehensive suite of financial instruments. The portfolio includes direct and indirect financing products (investment loans, RRI project loans, working capital loans, liquidity support), export and investment insurance/guarantees, equity financing through VC and SEGIP programs, and support for municipalities and public sector. The bank operates through multiple loan funds (PS8, PS9) totaling 1 billion EUR in partnership with the Ministry of Economy, and manages European cohesion funds (FI 2021-2027). Key products include Naložbe 4, RRI4, TOS1, L1, various insurance products for exporters, investors and banks, Green Bond, and public housing financing mechanism. SID Bank complements commercial banks by providing long-term development-focused instruments where market solutions are insufficient.

Differentiator

Problem solved

Functional benefit

Products and services

• Kredit za naložbeni projekt (Naložbe 4 / Investiram) Investment loan financing equipment, technology, digitization, and sustainable development projects for Slovenian enterprises. Part of the EUR 1 billion government-SID Bank mechanism.
• Kredit za RRI projekt (RRI 4 / Razvijam in raziskujem) Loan supporting research, development, and innovation including new product, process, and service development. Covers up to 100% of eligible costs for RRI projects.
• Kredit za trajna obratna sredstva (TOS 1 / Rastem) Financing for permanent working capital and current operations, enabling enterprises to manage cash flow and business continuity.
• Kredit za posebne likvidnostne potrebe (L1 / Obvladujem)

Quantifiable outcome

• EUR 1 billion in loans made available to Slovenian economy through joint Ministry-SID Bank mechanism (EUR 270M from Ministry, EUR 730M from SID Bank)
• +5 more outcomes

Named customers21 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered major, core and strategic.

• Luka Koper d.d.majorStrategic or Co-development Partner · 1 June 2026SID Bank participated in EUR 165 million syndicated loan for Luka Koper's development cycle, alongside NLB and Intesa Sanpaolo Bank. Supports strategic investments in Slovenian logistics infrastructure and port modernization.
• NEFI (Network of European Financial Institutions) Permanent Working GroupcoreStrategic or Co-development Partner · 1 May 2026SID Bank hosted NEFI Permanent Working Group meeting in Ljubljana (May 28-29, 2026) with representatives from European national development and promotional banks. Focus on intellectual property-based financing, European trends, EUIPO cooperation, and Slovenian pilot project experiences.
• European Association of Guarantee Institutions (AECM)coreStrategic or Co-development Partner · 1 January 2026SID Bank became associate member of AECM in January 2026. Membership provides access to verified European best practices in guarantee development, knowledge exchange through working groups, connections with institutions having comparable mandates, and involvement in advocacy processes before European institutions. AECM members include development banks and guarantee institutions from 32 countries managing EUR 218 billion in guarantees supporting 6 million SMEs.
• Banco Português de FomentostrategicStrategic or Co-development Partner · 1 November 2025November 2025 cooperation agreement to boost economic relations between Portugal and Slovenia, enabling cross-border business development and investment support.
• Ministry of Economy, Tourism and Sport (MGTŠ)coreStrategic or Co-development Partner · 1 January 2024Joint EUR 1 billion loan fund: Ministry contributes EUR 270 million over multiple years, SID Bank adds EUR 730 million. Supports investment promotion and crisis assistance for Slovenian economy. Two loan funds established: PS9 (EUR 500M for crisis situations) and PS8 (EUR 500M for investments).
• Ministry of Future GenerationscoreStrategic or Co-development Partner · 1 January 2024Partnership for public housing financial mechanism. Ministry commits EUR 25 million annually, combined with SID Bank resources and international financing (EIB + CEB at EUR 150M each) for EUR 1% fixed interest rate, 30-year maturity loans for public rental housing construction.
• EKO SkladmajorChannel Partner/ Reseller/ Distributor · 1 January 2024EKO Sklad (Slovenian Environmental Public Fund) is a financial intermediary for SID Bank's Financial Instruments 2021-2027 program, providing favorable financing for energy efficiency and environmental projects.
• Slovene Enterprise Development FundmajorChannel Partner/ Reseller/ Distributor · 1 January 2024Financial intermediary for SID Bank's Financial Instruments 2021-2027 program, channeling EU cohesion funds to Slovenian enterprises for competitive and innovative projects.
• NLB (Nova Ljubljanska Banka)majorChannel Partner/ Reseller/ Distributor · 1 January 2023Co-financing partner in syndicated loans. SID Bank and NLB partnered on EUR 165 million loan for Luka Koper development cycle. NLB acts as commercial bank intermediary for SID Bank financing programs.
• Intesa Sanpaolo Bank ( Slovenia)majorChannel Partner/ Reseller/ Distributor · 1 January 2023Co-financing partner in EUR 165 million syndicated loan for Luka Koper alongside SID Bank and NLB. Provides commercial banking services as part of SID Bank's indirect financing network.
• JBIC (Japan Bank for International Cooperation)strategicStrategic or Co-development Partner · 1 June 2022MOU signed June 2022 for promoting cooperation between Japan and Slovenia to create business opportunities, facilitating Japanese-Slovenian investment and trade relations.
• Gorenjska BankamajorChannel Partner/ Reseller/ Distributor · 1 January 2022Partner bank providing loan guarantees for Don Don Serbia operations (EUR 10 million combined with SKB Bank). SID Bank guarantees enable Gorenjska Bank to extend favorable credit to Slovenian companies' foreign operations.
• SKB Bank (part of OTP Group)majorChannel Partner/ Reseller/ Distributor · 1 January 2022Partner bank in EUR 10 million loan guarantee facility for Don Don Serbia investment. SID Bank's guarantee coverage enables SKB Bank to extend credit under favorable terms for Slovenian exporters.
• Croatian Bank for Reconstruction and Development (HBOR)strategicStrategic or Co-development Partner · 1 January 2021Regional platform partnership established in June 2021 with EIF and SID Bank for venture capital fund investments supporting innovative technological research projects in Central and Eastern Europe (CEETT platform).

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• HBOR (Croatian Bank for Reconstruction and Development): Croatia's state-owned development and export bank. SID and HBOR co-founded the CEETT regional VC platform with EIF in 2021; both operate as national DFIs in former-Yugoslav markets with comparable mandates, balance sheet size, and product menus.
• ICO (Instituto de Crédito Oficial): Spain's state-owned development bank providing long-term SME and ECA financing. Direct equivalent of SID's mandate; similar balance sheet tier (~EUR 25B activity) and product portfolio.

Broad incumbents

• KfW (Kreditanstalt für Wiederaufbau): Germany's state-owned development bank and SID's long-term funding partner (June 2023 on-lending facility). Operates the same development-bank model—long-term concessionary lending, export finance, green transition financing—but on a much larger balance sheet.
• Bpifrance: France's state-owned development bank combining financing, guarantee, and equity (VC/PE) under one roof, similar to SID's expanded mandate via SID Kapital. Same public-mandate model serving SME, export, and innovation financing.
• CDP Cassa Depositi e Prestiti: Italy's state-owned development financing institution offering loans, export finance, and equity for SMEs, infrastructure, and green transition. Same operating model as SID but larger scale and broader product set.

Emerging players

• Council of Europe Development Bank (CEB): SID's partner for the EUR 150M public housing facility (with EIB). CEB operates on a multilateral basis across Europe, comparable in mandate but with cross-border rather than single-country focus.
• JBIC (Japan Bank for International Cooperation): SID signed a bilateral MOU with JBIC in June 2022 for Japan-Slovenia business cooperation. JBIC is a national ECA/development bank offering export finance, investment insurance, and overseas investment loans—closely mirroring SID's export-support mandate.

Regional players

• Euler Hermes / Allianz Trade: World-leading export credit agency (now under Allianz) competing directly with SID in export credit insurance for Slovenian exporters. Comparable product coverage (commercial/non-commercial risk, buyer credit insurance) at global scale.

Others

• EBRD (European Bank for Reconstruction and Development): Although a multilateral institution, the EBRD is an active co-financier across Slovenia and a comparator for transition-economy SME/infrastructure financing; broader geographic and capital reach than SID.
• EIB (European Investment Bank): SID's single most important institutional partner (EUR 150M housing line, EUR 50M green municipal line, EUR 42M EIF guarantee). The EIB is the largest multilateral in Europe and represents both a channel and a structural competitor for SID's direct lending mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCK_2pY_T0EiC4PGF36sZJqA
• Facebookfacebook.com/SID-Banka-407274209838886
• LinkedInlinkedin.com/company/sid---slovenska-izvozna-in-razvojna-banka-d.d.-ljubljana

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SID