Nova KBM

Nova KBM implements changes in the Management Board and continues to pursue its business strategy | NKBM

Nova KBM implements changes in the Management Board and continues to pursue its business strategy

23 March 2018
Nova KBM will implement certain management changes this April and thus continues to pursue its business strategy. The Supervisory Board appointed Mr. Matej Falatov as a new member of the Management Board who will be responsible for corporate banking, subject to regulatory approval. Nova KBM is an important partner to many corporate clients and contributes to the development of the Slovenian economy, therefore the plans are set to further strengthen the Bank’s position in this field. As of 1 April 2018, the current Vice President of the Management Board Mr. Robert Senica will assume a new business role as a consultant to the Supervisory Board in the field of strategic relationships with external stakeholders.

Until regulatory requirements are met, Nova KBM will operate with a four-member Management Board: Mr. John Denhof, President of the Management Board, and members of the Management Board Mr. Jon Locke, Mr. Josef Gröblacher and Mrs. Sabina Župec Kranjc.

Mr. Matej Falatov has more than 21 years of experience in banking. Before his nomination for the Management Board position, Mr. Matej Falatov was the Chairman of the Management Board of Addiko Bank. Prior to that, he served in the bank (and its predecessor, Hypo Alpe Adria) as a member of the Management Board and was responsible for corporate banking.

Mr. Andrej Fatur, PhD, Chairman of the Nova KBM Supervisory Board, commented: "The Supervisory Board is very satisfied with the work of the Management Board and the progress that is being made at Nova KBM. The Supervisory Board has great confidence in the team and leadership, in fact it believes that Nova KBM is among the best management boards in financial services in the country."

Today, the Supervisory Board also approved the Annual Report of Nova KBM and the Nova KBM Group. The Bank and its Group operated successfully in 2017. The Bank will disclose its business results in the Annual Report, which will be published in April. The Bank's strategy sets out an ambitious vision for Nova KBM to become the best bank by 2020, focusing on five strategic pillars: client excellence, growth and profitability, effective risk management and compliance, operational efficiency, and organisational culture and development of employees.

The product portfolio simplification remains one of the major strategic focuses. In 2017, the Bank introduced new retail bundle packages, upgraded the mobile bank service, introduced a special Premium service segment intended for the most affluent customers, and a special offer for customers employed in partner companies (Bank@Work). This March, the bank launched a new loan application that allows customers to access financing in a faster, simpler and more transparent manner. This will be accompanied with a nationwide campaign starting this week.

Nova KBM Nova KBM Nova KBM
Nova KBM Nova KBMNova KBMNova KBM