Nova KBM
 

Operating results discussed at the meeting of the supervisory board of Nova KBM | NKBM

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.

Operating results discussed at the meeting of the supervisory board of Nova KBM

7 April 2009
OBVESTILA
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.
 

Nova KBM's profit from continuing operations amounted to €19,386,261.04 last year, and the 2008 balance sheet profit of the Bank totalled €5,216,395.80.


The Supervisory Board gave its consent to the proposal of the Management Board for the transfer of the 2008 net profit to other reserves from profit. In accordance with yesterday's resolutions, the Management Board of the Bank will create regulatory reserves of €812,587.00 and statutory reserves of €7,719,583.00, while €2,503,188.73 will be allocated to other reserves from profit, as approved by the Supervisory Board.


At its meeting, the Supervisory Board also accepted the resignation of its member, dr. Aljoša Valentinčič. He announced his resignation due to the incompatibility of his function as a Supervisory Board member of Zavarovalnica Triglav d.d. with the membership of the Supervisory Board of Nova KBM.