The 40th Eurobanking Conference will take place in Radenci between 20 and 23 May. The host of this year's European Working Group on Quantitative Analysis in Financial Services is the Nova KBM Group.
At its today's meeting, the Supervisory Board of Nova KBM took note of the Bank's current performance and discussed topics relevant to its business.
Today, Mr. Aleš Hauc took up the position of the President of Nova KBM's Management Board. His term of office will last for five years.
At today's regular meeting, the Supervisory Board of Nova KBM discussed the 2011 audited Annual Report of Nova KBM d.d. and the Nova KBM Group.
At today's regular meeting of Nova KBM's Supervisory Board, members of the Supervisory Board discussed the current operations of the Bank and the problems related to the recovery of investments in the real estate sector. Other issues important to the business of the Bank were debated as well.
After Nova KBM's Supervisory Board last Friday appointed Aleš Hauc as President of the Bank's Management Board, the Chairman of Nova KBM's Supervisory Board introduced Mr. Hauc to the public at today's press conference.
At today's meeting of the Supervisory Board, Aleš Hauc was appointed, by common consent, to be the new President of Nova KBM's Management Board. He will take over the position from the current President, Andrej Plos, who has already offered his resignation a while ago, as soon as he obtains the licence by the Bank of Slovenia.
The 2011 unaudited results for Nova KBM and the Nova KBM Group were released today. Both the Bank and the Nova KBM Group reported a loss for last year. The Supervisory Board discussed at its meeting the request to convene the Shareholders' Meeting of the Bank, submitted by the Capital Assets Management Agency of the Republic of Slovenia. Further, the procedures for appointing the new Management Board of the Bank were examined by Supervisory Board members.
The regular meeting of Nova KBM's Supervisory Board took place today. Members of the Supervisory Board discussed, among other things, the 2011 results of operations of the Bank and the Nova KBM Group. The unaudited non-consolidated and consolidation financial statements will be released in accordance with the Bank's financial calendar and the Ljubljana Stock Exchange Rules on 1 March 2012.
The Supervisory Board of Nova KBM accepted today the resignation of Andrej Plos, the current President of the Management Board, of which the Chairman and other members of the Supervisory Board were informed on Tuesday. The Bank expects no difficulties in the management of liquidity risk and capital adequacy this year.
»Andrej Plos, President of the Management Board, submitted to me, as Chairman of Nova KBM's Supervisory Board, his resignation proposal on which the Supervisory Board has not taken any decision yet. His resignation notice will be discussed at the next meeting of the Supervisory Board, which is expected to take place on Friday, 17 February 2012. Mr. Plos will continue to act as the President of the Management Board until the new Management Board is elected. He submitted his resignation proposal with the aim of new Management Board being appointed as soon as possible. Changes in the Management Board will have no impact on Bank's operations.«
At its today's regular meeting, the Nova KBM's Supervisory Board approved the 2012 business policy and financial plan of Nova KBM. Mr. Ivan Simič resigned as a supervisory board member.
At its today's regular meeting, the Supervisory Board of Nova KBM was given information about the current operations of the Bank and the Nova KBM Group. In addition, Supervisory Board members discussed, among others, the sale of Mercator shares.
At today's meeting with journalists, the representatives of Nova KBM presented the decisions concerning the changes in the Bank's Management Board, which were taken at yesterday's regular meeting of the Supervisory Board. Mr. Andrej Plos, current member of the Management Board, was appointed as the new president of the Management Board, replacing outgoing president Mr. Matjaž Kovačič, effective from 1 January 2012. The Management Board of Nova KBM will, for the time being, consist of two members.
At its yesterday's regular meeting, the Supervisory Board of Nova KBM reached a decision concerning the mutually agreed termination of the term of office of Matjaž Kovačič, President of the Management Board, effective as of 1 January 2012. Andrej Plos, current member of the Management Board, was appointed as the new President. The Management Board will now consist of two members. Members of the Supervisory Board were also briefed on the current operations of the Bank and the Nova KBM Group. The Bank's performance remains stable despite somewhat weaker operating results.
Nova KBM has today published the unaudited report of operations of the Nova KBM Group for the period from January through September 2011. The Group's profit before provisions and impairment charges totalled €63.7 million.
Nova KBM today released the preliminary results of its operations for the period from January through September 2011. In spite of adverse market conditions, the Bank performed well in the first nine months of the year. For the period from January through September 2011, the Bank reported a pre-tax profit of €7.3 million from continuing operations, which made up 52.9% of the annual projection. Net profit reached €6.2 million.
At today's 39th regular meeting, the Supervisory Board of Nova KBM discussed current operations of the Bank and the Nova KBM Group.
At its Friday meeting, the Supervisory Board of Nova KBM was informed of the current operations of the Bank and the Nova KBM Group. The Board also discussed several business resolutions recently adopted by the Bank.
Nova KBM started today providing certain banking services to the customers of Poštna banka Slovenije. This will further strengthen the cooperation between Nova KBM and PBS within the Nova KBM Group, and will help both banks implement their strategic orientation to become the best and the most recognisable retail banking institutions in Slovenia.
Nova KBM d.d. published today the preliminary results of operations for the period from January through June 2011. The Bank continues to perform well: a pre-tax profit from continuing operations totalled €7.0 million, while the net profit was €5.6 million, which accounts for 50.1% of the annual projection.
The 20th Shareholders' Meeting of Nova KBM was held today in Hotel Habakuk. 64.29 per cent of the shareholders with the voting right participated in the Shareholders' Meeting. The shareholders participating in the Meeting were informed about the operations of the Bank and the Nova KBM Group in the previous year. They granted discharge to the Management and the Supervisory Board for the year 2010, and adopted the proposal of the shareholder Gen Energija with respect to the recall of Supervisory Board members. The shareholders adopted the resolution to appropriate the entire 2010 profit available for distribution for the payment of dividends. Further, the decision was reached to appoint Ernst & Young d.o.o., Ljubljana, for the audit of the 2011 financial statements of the Bank and the Nova KBM Group. The Shareholders' Meeting adopted the counter-proposal submitted by the Republic of Slovenia regarding the amendments to the Nova KBM's Articles of Association. The counter-proposal of the Republic of Slovenia on
At today's meeting of the Nova KBM's Supervisory Board, the members of the Supervisory Board discussed the performance of the Nova KBM Group in the first quarter of 2011. The total assets of the Nova KBM Group increased by €86,021 thousand to €5.9 billion.
Under the patronage of Donald Tusk, the President of the Government of the Republic of Poland, the 1st CEE IPO SUMMIT started yesterday in Warsaw. The President of the Management Board of Nova KBM took part in this summit as well. Among others, Mr. Kovačič spoke of the experience related to the Nova KBM's listing on the Warsaw Stock Exchange. He also met with the Polish President, Mr. Bronislaw Komorowski.
At today's meeting of the Nova KBM's Supervisory Board, the members of the Board were informed of the successful conclusion of the Bank's capital increase. Nova KBM published today on the web-portal SEOnet the results of its operations for Q1 2011. The Bank's Q1 profit from continuing operations was €3.7 million, while the total assets of the Bank increased by €67.1 million in the period from January through March. The Bank's capital increase was successfully completed after the end of Q1 2011.
As from today, Nova KBM is the first Slovene company whose shares are traded simultaneously at home and on a foreign stock exchange. The trading in Bank shares, which are listed on the Warsaw Stock Exchange under the symbol KBM, started in Warsaw at €8.00, while the opening price on the Ljubljana Stock Exchange was €8.67. After a successful increase in capital, Nova KBM remains the public limited company with the largest number of shareholders of any Slovene company. Following the registration of the share capital increase in the court register, the total number of Bank shares is now 39,122,968 and the share capital of the Bank amounts to €40,814,313.65. The Bank’s entry on the Warsaw Stock Exchange was welcomed today also by Mr. Krzysztof Walenczak, the Deputy Minister of Treasury of the Republic of Poland, His Excellency Mr. Marjan Šetinc, the Slovene ambassador in Poland, and Mr. Ludwik Sobolewski, the President of the Management Board of the Warsaw Stock Exchange.
Nova KBM, the second-largest banking group in Slovenia, announced the final allocation of shares in the public offering carried out this month. As planned, the company has allocated 13,040,989 ordinary shares and raised EUR 104.3 million in gross proceeds.
Existing shareholders of Nova KBM, the second-largest banking group in Slovenia, exercised their pre-emptive right for a total of 8,056,622 shares (or EUR 64,452,976) out of 13,040,989 ordinary shares the Company plans to issue. This means the Republic of Slovenia will probably maintain, directly or indirectly, a 51.09% ownership stake in the Bank.
Nova KBM, the second-largest banking group in Slovenia, has set the Offer Price for shares in its current public offering at EUR 8 per share. The PLN equivalent of the Offer Price will be established on or around 20 April 2011, based on the market exchange rate available to Nova KBM, and will be announced publicly.
A UK – Slovenia Investment Forum 2011, an event organised by the European Bank for Reconstruction and Development (EBRD), was held today in London. Matjaž Kovačič, President of the Management Board of Nova KBM, participated in the meeting as a representative of a Slovene bank.
Nova KBM, the second-largest banking group in Slovenia, published its prospectus today and began its public offering.
The Company plans to issue up to 13,040,989 shares and raise net proceeds of up to EUR 132.4 million. The proceeds from the issue will be used to finance implementation of the Group’s growth strategy, calling for reinforcement of market position, further international expansion, optimisation of management and governance within the Group, and development of innovative distribution channels. A portion of the proceeds will also be used to meet potential new capital adequacy requirements for the banking markets.
Today, Nova KBM accepted the approval of the prospectus for the public offering of Nova KBM shares by The Securities Market Agency (»ATVP«) and by the Polish Financial Supervision Authority. Price range per share is set between 8.00 and 10.50 EUR. The prospectus will be published in Slovenia and Poland on the date of the commencement of the subscription period, which is expected to take place on Monday, 4 April. Trading in the newly issued shares and the parallel listing of shares on the Warsaw Stock Exchange are anticipated to commence in the beginning of May. Besides, the Supervisory Board of Nova KBM held its meeting yesterday. It adopted the 2010 audited annual report of the Bank and the Nova KBM Group, and took note of the capital increase process.
Nova KBM d.d. published today the unaudited results of operations of the Bank and the Nova KBM Group for 2010. Unlike common trends in the Slovene financial market, and in spite of adverse market conditions, which affected mainly the construction industry and financial holdings, both the Bank and the Group delivered a profit in 2010. The Bank expects that the listing of its shares on the Warsaw Stock Exchange will contribute to a further growth in its and the Group's operations. The capital increase is forecast to be completed in the second quarter of the year.
The Supervisory Board of Nova KBM discussed at its last meeting the current operations and was informed of the unaudited operating results of the Bank and the Nova KBM Group for 2010 which will be published on 15 March 2011. Supervisory Board members were also updated on the key dates related to the admission of Nova KBM shares on the Warsaw Stock Exchange which is expected to be carried out in the second quarter of the year.
At today's meeting, the Supervisory Board of Nova KBM approved the proposal of the Management Board to raise additional equity capital and, in accordance with the Bank's Articles of Association, requested from the Management Board, to start carrying out all the procedures necessary to increase the Bank's share capital and listing of the Bank’s shares on the Warsaw Stock Exchange (WSE) in 2011.
At today's regular meeting, the Supervisory Board of Nova KBM discussed current operations and was informed of the Nova KBM Group's operating results for the first nine months of the year. The results are better than those reported for the same period last year.
Nova KBM d.d. refunded today to its customers fees that they paid for withdrawing cash on ATMs of other banks in Slovenia in the period from 20 February 2006 to 30 November 2006, both dates inclusive, together with the default interest. As it is not expected the court procedure in this respect to be resolved quickly, and with the aim of acting for the benefit of its customers as well as other stakeholders, the Bank decided to make this payment, even though it has not yet received the decision of the Supreme Court with regard to the audit request being filed.
At today's 7th regular meeting, the Supervisory Board of Nova KBM discussed the 2010 half-year results for Nova KBM d.d. and the Nova KBM Group. The operating results are well above the projections – the pre-tax profit of the Nova KBM Group in the first half of 2010 is almost four times the figure reported for the same period last year.
On the basis of provisions of the Ljubljana Stock Exchange Rules and in compliance with the Financial Instruments Market Act, Nova KBM d.d. hereby announces the following notice: Stress-testing results
Based on the regulations of the Ljubljana Stock Exchange and the legislation in force, Nova KBM d.d. makes the following announcement: Preliminary Announcement of Results of Nova KBM d.d. for 2Q 2010
At its regular meeting, the Supervisory Board of Nova KBM d.d. discussed the increase in capital of Zavarovalnica Maribor d.d., and appointed mag. Andrej Plos as the new Management Board member. It also took note of the operating results of the Nova KBM Group and Nova KBM d.d. in the first nine months of the year.
At its 11th regular meeting, the Supervisory Board of Nova KBM discussed the current operations of the Bank, and was informed about the operating results of the Nova KBM Group and Nova KBM for the first quarter of this year.
Operational audit and the audit of the Nova KBM Group and Nova KBM d.d. financial statements for the year 2008 was carried out by the auditing firm KPMG Slovenija d.o.o., which issued an unqualified opinion on the financial statements.
On 8 April Nova KBM received the decision of the Higher Court in Maribor rejecting in whole the requests of the PanSlovenian Shareholders Association. The judgment has thus become final, and the court confirmed the regularity of the procedures taken at Nova KBM’s Shareholders’ Meeting as regards the amendment to the Articles of Association, the recall of the members of the Supervisory Board, and the election of the new Supervisory Board in 2008.
At its 8th regular meeting, the Supervisory Board of Nova KBM assessed the performance of the Bank during the year 2008 as positive. Despite unfavourable financial market conditions, the Nova KBM Group increased the volume of operations by almost 8 per cent, and the Bank delivered a net profit of €16,251,757.16 last year. This result further consolidated the position of the second largest financial group in Slovenia.
