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Nova KBM and Poštna banka Slovenije signed the agreement concerning their integration | NKBM

In accordance with the applicable legislation and good business practice, Nova Kreditna banka Maribor d.d. hereby gives the following notice:

Nova KBM and Poštna banka Slovenije signed the agreement concerning their integration

29 March 2016
OBVESTILA
In accordance with the applicable legislation and good business practice, Nova Kreditna banka Maribor d.d. hereby gives the following notice:
 
After Nova KBM had acquired a 0.8844% equity stake in Poštna banka Slovenije (PBS) from Pošta Slovenije and thus became its sole owner, today the Management Boards of both banks signed the agreement concerning the acquisition of PBS by Nova KBM, thereby taking another significant step in the process of integrating PBS into Nova KBM.

The merger of PBS with Nova KBM is one of the most strategically important projects undertaken as part of the consolidation of the Nova KBM Group. Recently, Nova KBM has acquired a 0.8844% equity stake in PBS from Pošta Slovenije and thus became its 100% owner. Today, based on the prior consent of the Supervisory Boards of both banks, the Management Boards of Nova KBM and PBS signed the agreement concerning the acquisition of PBS by Nova KBM. The acquisition will become legally effective on the day it is entered into the court register, which will be possible after obtaining relevant consent from the European Central Bank and/or the Bank of Slovenia.

On the day the acquisition becomes effective, all assets, liabilities and rights of PBS will be transferred to Nova KBM, with the result that the latter, being a legal successor of PBS, will take over the obligations and rights under all transactions concluded by PBS prior to the merger. 

The name of the merged bank will be Nova KBM, with its head office being in Maribor. This merger will make it possible for Nova KBM to further strengthen its position as one of the leading universal banks in Slovenia and to take an important step towards gradually becoming focused on its principal activity, banking. This is also one of the key commitments arising from Nova KBM´s restructuring programme.

The merger of PBS and Nova KBM will not only ensure that customers are provided with a broader range of contemporary financial services suited to their needs, but will also enable them to have better access to an increased number of branch offices spread throughout the country.