Media Center | NKBM

(Maribor, 12. April 2023) Nova KBM published the Report of the Nova KBM Group and the Bank for the 2022 financial year. The report indicates that we have consolidated our position as the most accessible bank in Slovenia and recorded excellent performance. We provide our customers with top quality and comprehensive financial services that can be performed anywhere and at any time. At the 2022 year-end Nova KBM recorded a profit of EUR 115.6 million and the Nova KBM Group EUR 106.1 million. The ESG Report was published along with the Annual Report, detailing our vision, activities and achievements in introducing environmental and social aspects into business and in the field of corporate governance.

On 7 February 2023, the rating agency Moody’s Investors Service (»Moody's«) upgraded the long-term local and foreign currency deposit ratings of Nova Kreditna Banka Maribor d.d. (»Nova KBM«) to A3 from Baa1 and changed the outlook to stable from ratings under review. Concurrently, Moody's also upgraded Nova KBM's Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1, and its junior unsecured debt rating to Baa3 from Ba1.The bank’s short-term local and foreign currency deposit ratings were affirmed at P-2.

OTP Group is pleased to announce that, following the receipt of all necessary regulatory approvals, the acquisition of Nova KBM Group in Slovenia has been successfully completed, finishing the most complex acquisition process ever undertaken by the banking group. The purchase of NKBM is the most significant acquisition in the history of OTP Group enabling the group to become market leader in the fifth country and further strengthen its market position in the CEE Region.