History


The specialised professional journal of money and banking - Bančni Vestnik, published by the Bank Association of Slovenia, celebrated its 60th anniversary in 2011.

Bančni Vestnik is being first published in 1952. Originally conceived as the pages containing information for employees in the banking sector, the future Journal was compiled by the National Bank of the Federal People’s Republic of Yugoslavia, Main Branch for the People’s Republic of Slovenia in Ljubljana. The first issue was written on a typewriter, just like the following nine issues. It was back early in January 1952. The spiritual father of the today’s journal was its first managing editor – Mr. Jožko Žiberna together with a few enthusiasts. Mr. Žiberna remained the editor of the periodical during the period between 1951 and 1953. The concept of the periodical (today’s Bančni Vestnik) was to bring news and give advice, and it soon became essential reading for people in the banking sector with the news and guidelines for resolving particular professional problems. After the first ten typed issues released during the first year of its existence, the periodical became a printed bulletin. It was undoubtedly a humble beginning. Nevertheless, without the initiative to kick-start a specialised periodical with modest resources, the fate of today’s journal would have been uncertain.

In 1953, the periodical was upgraded into the Banking Journal of the National Bank of the Federal People’s Republic of Yugoslavia, its headquarters and branch offices in the People’s Republic of Slovenia. The Journal offered stimulating articles containing straightforward explanations of changes in the development of the domestic banking system, and indirectly contributed to public understanding of the economy and its entities. Small wonder that the Journal became important reading for foreign banks and other institutions. As a consequence, Mr. Anton Ogrin, Chief Editor, responsible for the Journal during the period between 1953 and 1960, and the editorial board had to look in another direction, that is to upgrade the concept of the publication. In 1954, Bančni Vestnik (Banking Journal) was upgraded from the central bank’s periodical to a publication accessible to general public. In addition, demand for banking literature surged. Bančni Vestnik gave a voice to the banks and savings banks in the People’s Republic of Slovenia as early as in 1959. Until 1963, it was published jointly by all local banks of the federal banks operating within the territory of Slovenia, the Association of Municipal Banks of the People’s Republic of Slovenia, the Association of savings banks of the City of Ljubljana, and the Co-operative Savings and Credit Banks in the People’s Republic of Slovenia. Between 1964 and 1966, the Journal was published by Splošna gospodarska banka Slovenije (Slovenian Commercial Bank). Since 1967 to date, the Journal has been published by the representative organisation of the Slovenian banks – the Bank Association of Slovenia (ZBS-GIZ).

As regards the corporate identity of Bančni Vestnik, its concept was designed from the very beginning with the aim to pursue editorial policy and content of publications along the guidelines of a specialised publication to address the issues that fall within the area of banking, monetary finance, credit system and other related areas. The following editorial boards (bank experts and outsourced professionals) and Mr. Ivo Graul, Chief Editor, who was at the Journal’s helm during the years from 1960 to 1991, examined and analysed banking topics in the light of a broader range of social events. The matter of the fact is that Bančni Vestnik was back then the first and the only (Yugoslav) Journal to turn a looking glass at the matters in the monetary and banking area after the World War II. By adopting a pro-active stance with regard to current issues, the pages of Bančni Vestnik became a forum for professional confrontations between the Yugoslav and the Slovenian concept of the banking system development.

Between 1979 and 1980, a number of supplements containing effective banking acts, secondary legislation, decrees and decisions were published to facilitate daily work. The number of published supplements reached 25 plus independently published issues by the following authors: Jožko Žiberna, Menice (bills of exchange published in 1963, later published by another publisher and crowned by six amended publications), Dr. Janez Drnovšek, Mednarodni denarni sklad in Jugoslavija (IMF and Yugoslavia, 1986), Avgust Tosti, Denarni zavodi Slovenije po drugi svetovni vojni (Slovenia’s monetary institutions after WW II, 1990, two reprints). Several coloured supplements were published featuring banknotes designs made for partisans money.

The year 1975 was a groundbreaking point for the further development of Bančni Vestnik. In accordance with the Press Act, the Journal’s publisher enhanced the editorial board by establishing the editorial council with representatives of all Slovenian banks. In addition, the Journal got a new title and it lives to this day: Bančni Vestnik, the Journal of money and banking.

As its title and sub-title suggest, the Journal publishes articles on a range of subjects to meet expectations also of general public. Subject to professional standards being maintained, Slovenian authors were joined by authors from former Yugoslavia and abroad. In that period, the editorial board introduced standard features of interest to readers: Topic of Choice, Views and Opinions, Interview, New Books, Glossary of Economics, etc.

In the years from 1981 to 1986, when the economic crisis in the former federal state began to show its teeth, the topics most frequently analysed included the monetary system and policy, foreign exchange policy, interest rates, inflation, the transformation of the banking system, foreign trade trends, the balance of payments, and exchange rates.

Between 1992 and 1996, when Slovenia gained political and economic independence, banking literature and consequently also Bančni Vestnik found themselves facing new tasks and challenges. As the young state was faced with banking, financial and economic problems triggered by transition, banking periodicals, their editors and authors were awash with new propositions for economic thought and debate by professional and academic economists and other experts. Since 1992, the programme concept for the Slovenian banking Journal has been tailored by Mr. Emil Lah who has obtained his masters degree in economics and is the incumbent Editor-in-Chief of Bančni Vestnik, and the new editorial board that combines the role of the editorial board with that of the former editorial council. In line with the new programme orientation, authors who were contributing to the Journal during the past years tacked a myriad of problems associated with the transition from the centrally planned economic system to a functioning market economy, the issues inherent in the functioning of a small economy and a small monetary area.