Despite the economic crisis, the Nova KBM Group posted good results in the first half of this year and continues to strongly support Slovene companies. Nova KBM approved as much as 61.2 per cent of all new loans granted to Slovene companies in the first half of 2009, thus considerably surpassing the Slovene banking system average.
Matjaž Kovačič, President of the Bank's Management Board, said that the Bank strives to support the development of local economy. He emphasised: »Nova KBM would like to remain an important business partner of Slovene companies also in the period of uncertainty now pervading across world economies.«
The Bank generated profit from continuing operations of €11.6 million in the first half of 2009. Net gains on financial assets and liabilities held for trading amounted to €1.8 million in the first half of the year, so already exceeding the figure planned for the 2009 year-end. The Bank's total assets amounted to €4,857.6 million as of 30 June 2009, an increase of 6.4 per cent over the 2008 year-end figure, and 13.4 per cent above the projected growth for the year 2009.
Management Board of Nova KBM d.d.
