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Press releases

 
 
 
 
Media Relations Contact
For additional information please contact :

KARIDIA TOURE ZAGRAJŠEK
Director
Public Relations and Corporate Communications

T: + 386 2 229 27 16
M: + 386 41 729 341
E: 
 
MOJCA LENASSI VELIKONJA
Communications Officer
Marketing and CRM

T: + 386 1 479 12 56 
M: + 386 31 681 762
E: 
 
 
 
 
 
 
2017
 
 
 
3
jan

KBS banka and Nova KBM officially merge today

 
Today, the District Court of Maribor issued a decision on entering into the court register the merger by acquisition of KBS banka by Nova KBM. Consequently, KBS banka ceased to exist as an independent legal entity, with all its obligations and rights being transferred to Nova KBM, its legal successor. 
 
 
 
 
2016
 
 
 
22
dec

Nova KBM and KBS banka receive approval from the European Central Bank for their merger

 
The merger of Nova KBM and KBS banka is scheduled to take place on 3 January 2017 and will become legally effective on the day it is entered into the court register. After merging with KBS banka, Nova KBM will continue to operate under its current name, with its head office remaining in Maribor. On the day of the merger, KBS banka will cease to exist as an independent legal entity, and all its obligations and rights will be transferred to Nova KBM, its legal successor, without this causing any disruption to customer service and without customers of Nova KBM and KBS banka being required to visit their respective bank as a result of changes arising from the merger. The merger will make it possible for Nova KBM to significantly strengthen its market position and to implement the ambitious goals of its owners. 
 
 
 
14
nov

Nova KBM’s Supervisory Board appoints John Denhof as Group Chief Executive Officer

 
In pursuit of its stated strategy to transform Nova KBM into the leading Slovenian retail and corporate bank, Nova KBM’s Supervisory Board is pleased to announce the appointment of John Denhof as Group Chief Executive Officer (“CEO”). Mr. Denhof will complement the existing Management Board, subject to customary regulatory approval. 
 
 
 
28
oct

Nova KBM and KBS banka sign the merger agreement

 
Today, the Management Boards of both banks signed the agreement concerning the merger of KBS banka and Nova KBM. This is an important milestone towards transforming Nova KBM into one of the leading universal banks in the Slovene banking market. 
 
 
 
26
oct

Moody´s upgrades Nova KBM

 
Moody´s Investors Service (Moody´s) has upgraded Nova KBM´s Long-Term Deposit Rating to 'B2' from 'B3', while at the same time raising its Baseline Credit Assessment (BCA) and the adjusted BCA to 'b3' from 'caa1'. The outlook on the long-term deposit ratings is positive. 
 
 
 
1
sep

Decision on entering the merger by acquisition of Poštna banka Slovenije by Nova KBM into the court register is issued

 
Today, the District Court of Maribor issued a decision on entering into the court register the merger by acquisition of Poštna banka Slovenije by Nova KBM.  
 
 
 
26
jul

Nova KBM and Poštna banka Slovenije receive approval from the European Central Bank for their merger

 
The merger of Nova KBM and Poštna banka Slovenije is scheduled to take place on 1 September 2016 and will become legally effective on the day it is entered into the court register. The merged bank will operate under the name Nova KBM d.d., with its head office being in Maribor. On the day of the merger, Poštna banka Slovenije will cease to exist as an independent legal entity, and all its obligations and rights will be transferred to Nova KBM, its legal successor, without this causing any disruption to customer service and without customers of Nova KBM and Poštna banka Slovenije being required to visit their respective bank as a result of changes arising from the merger. The merger will make it possible for Nova KBM to significantly strengthen its market presence and to regain its position as the second largest bank in Slovenia in terms of total assets, as indicated by the banking system data for the end of March 2016. 
 
 
 
1
jun

Nova KBM and its group delivered a profitable performance in Q1 2016 and defended their market shares

 
For the first quarter of 2016, Nova KBM reported a net profit of €19.8 million, while the net profit of the Nova KBM Group hit €18.7 million. According to the unaudited report on the operations of Nova KBM and the Nova KBM Group for the first quarter of 2016, which was published today, Nova KBM registered an increase in its income compared to a year ago and managed to preserve its strong cost efficiency. In addition to expanding and upgrading its offerings, Nova KBM grew its market share in Slovenia in terms of total assets, while retaining its market share in customer loans and customer deposits, as well as its socially responsible role. The performance of the Nova KBM Group in the last two months was also favourable, reflecting its ongoing restructuring efforts, which are being undertaken in line with the adopted plan. 
 
 
 
12
may

Fitch Ratings upgrades Nova KBM

 
Today, Fitch Ratings upgraded Nova KBM´s Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+', with the rating being assigned a stable outlook. The rating upgrade reflects the strong and profitable performance of Nova KBM in 2015, the reduction of its NPLs by almost a third, and an extended track record of its asset quality improvement. 
 
 
 
21
apr

Sale of Nova KBM successfully Concludes

 
Today marked the completion of the process of the sale of the 100% shareholding of Nova KBM d.d. Funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) and European Bank for Reconstruction and Development (EBRD) fulfilled all requirements stated in the Sale and Purchase Agreement signed on 30 June 2015 and paid the purchase price in the sum of EUR 250 million. The process of the transfer of shares and the subscription for ownership interest has also been implemented. Nova KBM is now a private public limited company. The new owners, funds managed by affiliates of Apollo and EBRD, plan for the operations and management of the bank to be even more successful for the benefit of everybody who interacts with the bank. 
 
 
 
 
2015
 
 
 
30
nov

Nova KBM Group delivers profitable and stable performance in the first nine months

 
Today, Nova KBM released the unaudited report on its operations and the operations of the Nova KBM Group for the first nine months of the year. According to the report, Nova KBM generated a net profit of €28.1 million and managed to defend its market share in its key business segments. The net profit reported by the Nova KBM Group hit €16.2 million. Nova KBM will continue to focus on its strategic priorities, such as further restructuring of its operations and ensuring sound, cost-efficient and profitable performance, all with the aim of reinforcing its reputation and that of the Nova KBM Group as a whole. 
 
 
 
2
nov

Start of work towards the full integration of PBS and Nova KBM

 
The merger of Poštna banka Slovenije (PBS) with Nova KBM is one of the strategically most important projects undertaken as part of the consolidation of the Nova KBM Group. The aim of this merger is to adapt the operations of the Nova KBM Group to the requirements arising from its restructuring programme, which the European Commission approved in 2013.  
 
 
 
30
jun

The agreement concerning the sale of Nova KBM is signed

 
Today, the Slovene Sovereign Holding (SSH), Apollo Global Management LLC (Apollo) and the European Bank for Reconstruction and Development (EBRD) signed the agreement concerning the sale of a 100% shareholding of the Republic of Slovenia in Nova KBM. All relationships between Nova KBM and its customers remain unaffected by this transaction. Customer deposits placed with Nova KBM are safe, and the operations of Nova KBM are running smoothly. The buyers, Apollo and EBRD, will endeavour to ensure the further growth of Nova KBM, while developing its services and broadening its offerings. Moreover, they will make every effort to strengthen the relationships with Nova KBM´s corporate and retail customers, as well as its other stakeholders. With a strong and ambitious owner, Nova KBM will be able to develop as a growing, stable and excellently managed bank.  
 
 
 
10
jun

Moody´s: Rating upgrade and expectation of modest profitability for Nova KBM

 
On 9 June 2015, Moody´s Investors Service upgraded Nova KBM´s long-term local and foreign-currency deposit ratings to 'B3' from 'Caa1', and at the same time raised the outlook on the ratings to 'positive' from 'stable'. Moody´s also upgraded Nova KBM´s baseline credit assessment (BCA) and adjusted BCA to 'caa1' from 'caa2'. Short-term local and foreign-currency deposit ratings were affirmed at 'Not Prime'.  
 
 
 
22
may

Fitch Ratings changed the rating of Nova KBM

 
On 19 May 2015, Fitch Ratings downgraded Nova KBM´s Long-Term Issuer Default Rating (IDR) to 'B+' from 'BB-', with the rating having a stable outlook, and raised its Viability Rating by one notch, to 'b+' from 'b'. Nova KBM´s Support Rating was downgraded to '5' from '3', while the Support Rating Floor was changed to 'No Floor' from 'BB-'.  
 
 
 
3
mar

Nova KBM and the Nova KBM Group delivered profitable performance in 2014

 
At yesterday´s meeting, the Nova KBM Supervisory Board approved the 2014 audited report on the operations of Nova KBM and the Nova KBM Group. The report was released today. After several years of negative results, both Nova KBM and the Nova KBM Group have managed to restore their profitability.  
 
 
 
9
feb

Successful restructuring and performance of the Nova KBM Group in 2014

 
Nova KBM Group released its unaudited report on its operations for the year ended 31 December 2014. Apart from delivering a profitable and stable performance, the Nova KBM Group completed last year a significant amount of work on its organisational and operational restructuring. 
 
 
 
28
jan

Successful performance of Nova KBM and the Nova KBM Group in 2014

 
At today´s meeting, the Nova KBM Supervisory Board was provided with the report on the operations of Nova KBM and the Nova KBM Group for the period January – December 2014. While the Bank and the Group delivered successful and profitable performance throughout last year, the progress made on the revamping of their organisational structures and business processes contributed to their improved operational and cost efficiency. The implementation of the restructuring programme will continue in 2015. 
 
 
 
6
jan

Liquidation of the Nova KBM Group leasing companies

 
Based on the Nova KBM Group restructuring programme, and in accordance with the commitments given to the European Commission by the Republic of Slovenia and Nova KBM on 18 December 2013, at the beginning of this December Nova KBM started taking measures to initiate the controlled liquidation of KBM Leasing and Gorica Leasing. 
 
 
 
 
2014
 
 
 
18
dec

Nova KBM Supervisory Board approves the 2015 financial plan

 
At its regular meeting held yesterday, the Nova KBM Supervisory Board was briefed on this year´s performance of Nova KBM and the Nova KBM Group, which continues to remain stable and profitable. In addition, the Supervisory Board consented to the 2015 financial plan of Nova KBM and the Nova KBM Group. The adopted financial plan is consistent with the commitments given to the European Commission and will serve as the basis for further implementation of measures set out in the Nova KBM Group´s restructuring programme. 
 
 
 
28
nov

Nova KBM Group delivers sound performance and is continuing its consolidation

 
Today, Nova KBM released the unaudited report on its operations and the operations of the entire Nova KBM Group in the first nine months of the year. In the period under review, both Nova KBM and the Nova KBM Group delivered sound and profitable performance, with their results being fully on track. A number of steps were taken to make the operations of the Nova KBM Group more efficient and to achieve synergies across all business divisions, thereby ensuring that the Nova KBM Group complied with the adopted restructuring programme. 
 
 
 
14
nov

Nova KBM Management Board again has three members

 
The Nova KBM Supervisory Board was today briefed on the performance of Nova KBM and the Nova KBM Group in the first nine months of the year and on the results of the Comprehensive Assessment of Nova KBM´s financial viability and capital strength. Sabina Župec Kranjc, now acting as Nova KBM´s Executive Director for Financial Markets, becomes a member of the Bank Management Board as of 17 November. Thus, the Nova KBM Management Board will again consist of three members. 
 
 
 
30
oct

Nova KBM makes a profit also in the third quarter of the year

 
Nova KBM today released the preliminary information on its results for the period January through September 2014. For the nine months ended 30 September 2014, Nova KBM reported a net profit of €17.8 million, while its pre-tax, pre-provision profit totalled €57.1 million. In accordance with its restructuring programme, Nova KBM is gradually scaling down its total assets and operating costs. 
 
 
 
26
oct

Nova KBM exceeds the requirements set for the baseline stress test scenario

 
At noon today, the European Central Bank (ECB) and the European Banking Authority (EBA) released the results of the Comprehensive Assessment. This was the most extensive assessment ever made on the resilience of the European banking system. It was carried out by ECB-selected independent international experts, and comprised an asset quality review (AQR) and stress tests. 130 European banks were involved in the assessment, which lasted from November 2013 to October 2014. 
 
 
 
1
oct

NOVA KBM Supervisory Board nominates Sabina Župec Kranjc to the Management Board

 
The Nova KBM Supervisory Board today discussed the results of Nova KBM and the Nova KBM Group for the first eight months of the year, and unanimously agreed to appoint Sabina Župec Kranjc, now acting as Nova KBM´s Executive Director for Financial Markets, as a new member of the Nova KBM Management Board, subject to the approval of the Bank of Slovenia. Sabina Župec Kranjc will fill a vacancy in the three-member Management Board that arose after Igor Žibrik resigned for personal reasons. 
 
 
 
28
aug

Nova KBM group´s H1 2014 results profitable and in line with the plan

 
The Nova KBM Supervisory Board was yesterday briefed on the results of Nova KBM and other companies in the Nova KBM Group for the period January through July 2014, and discussed the report on operations of the Nova KBM Group for the first half of the year. For the six months ended 30 June 2014, the Nova KBM Group reported a net profit of €20.9 million, while the net profit of Nova KBM reached €14.8 million. Operating income earned by the Group increased year-on-year by almost one-third, with net interest income totalling slightly below €55 million and net fee and commission income reaching €29 million.  
 
 
 
31
jul

Nova KBM continues to deliver profitable results

 
Nova KBM today released its preliminary results for the first half of the year. For the period under review, the Bank reported a net profit of €14.8 million, while its pre-tax, pre-provision profit reached €37.9 million. Consistent with its restructuring programme, Nova KBM is gradually downsizing its total assets while making efforts to reduce operating costs. 
 
 
 
11
jul

Robert Senica was granted a licence to act as the Nova KBM Management Board member

 
Based on the decision of the Governing Board of the Bank of Slovenia, adopted in the meeting held on 8 July 2014, Robert Senica was granted the Bank of Slovenia licence to hold the office of member of the Nova KBM Management Board, thereby meeting all formal and legal requirements to start working at Nova KBM. He is expected to take up his new role on 1 August 2014.  
 
 
 
28
apr

Nova KBM reported positive results for the first three months of the year

 
At its Friday meeting, the Nova KBM Supervisory Board was informed of the preliminary results of operations in the first three months of the year, and considered the 2013 Annual Report of Nova KBM and the Nova KBM Group. The results reported for the first three months of the year were positive, and in line with the 2014 financial plan, according to which a net profit of €8.4 million is expected to be generated by the Bank by the end of the year. The preliminary information on the results of Nova KBM for the three-month period ended 31 March will be released on Wednesday, 30 April. 
 
 
 
24
jan

Notification on the requirements of the prevention of money laundering and terrorist financing act

 
In accordance with the Act on Prevention of Money Laundering and Terrorist Financing the banks are obliged to obtain data on the purpose of the transaction and beneficiary when carrying out transactions amounting to or exceeding EUR 15,000.00 (whether the transaction is carried out in a single operation or in several operations which are evidently linked).  
 
 
 
10
jan

Nova KBM Group is resolutely continuing its restructuring

 
At today´s regular meeting of the Nova KBM Supervisory Board, the first in 2014, its members were informed of the actions taken to strengthen the capital base of Nova KBM, and of the results of the stress tests carried out last December. In the opinion of the Supervisory Board, the Management Board, in cooperation with the relevant departments, has implemented, with the necessary due diligence, all the measures imposed on Nova KBM by the Bank of Slovenia. The Supervisory Board further noted that all the activities related to the restructuring of the Bank and the Nova KBM Group are proceeding according to the plan. In addition, the supervisors discussed the key assumptions of the 2014 business policy and financial plan, which is currently being developed and according to which an operating profit is expected to be reported for 2014, and were informed of Mr. Igor Hustič´s resignation as a candidate for the Bank´s Management Board. In accordance with the restructuring programme, approved by the European Commiss 
 
 
 
 
2013
 
 
 
16
oct

Igor Hustič became the third member of the Nova KBM Management Board

 
The Nova KBM Supervisory Board yesterday unanimously appointed Igor Hustič as a member of the Management Board, based on the proposal of Aleš Hauc, President of the Nova KBM Management Board, a positive opinion given by the Remuneration and Nomination Committee, and following the completion of all the necessary procedures and an interview with the candidate. Igor Hustič, who is expected to be responsible for the corporate banking division, will start his five-year term of office after being granted the approval of the Bank of Slovenia. He will join Aleš Hauc and Igor Žibrik on the Management Board, so the running of the Bank will from now on be conducted by three board members. Among the issues discussed by the Supervisory Board was the preliminary information on the results of Nova KBM for the first nine months of the year, which will be released at the end of October, in accordance with the financial calendar. Despite the ongoing difficult market environment, Nova KBM is performing well and has strong liqu 
 
 
 
29
aug

Nova KBM Group´s earnings for H1 2013 eroded by impairment losses

 
The Nova KBM Supervisory Board was yesterday informed of the unaudited results of the Nova KBM Group. For the six-month period ended 30 June 2013, the Group posted a pre-tax, pre-provision profit from continuing operations of €15.6 million. High impairment losses, but also a declining level of its interest income, caused the Group to report a net loss from continuing operations of €62.7 million, of which €44.2 million was incurred by Nova KBM, the parent company within the Group. Among other issues, the supervisors discussed the progress being made in the assessment of the Group´s loan portfolio quality, and in carrying out the stress test. Based on the results of both the loan portfolio review and the stress test, an assessment will be made regarding the volume of bad loans to be transferred to the state-run Bank Assets Management Company.  
 
 
 
30
may

Nova KBM´s provisioning expenses are coming down, prospects for 2014 are brighter

 
The Nova KBM Supervisory Board was yesterday informed of the unaudited results of the Nova KBM Group. For the six-month period ended 30 June 2013, the Group posted a pre-tax, pre-provision profit from continuing operations of €15.6 million. High impairment losses, but also a declining level of its interest income, caused the Group to report a net loss from continuing operations of €62.7 million, of which €44.2 million was incurred by Nova KBM, the parent company within the Group. Among other issues, the supervisors discussed the progress being made in the assessment of the Group´s loan portfolio quality, and in carrying out the stress test. Based on the results of both the loan portfolio review and the stress test, an assessment will be made regarding the volume of bad loans to be transferred to the state-run Bank Assets Management Company.  
 
 
 
28
may

Nova KBM has implemented more than 100 measures to improve its performance

 
Nova KBM´s Supervisory Board today discussed the unaudited results of operations of the Bank and the Nova KBM Group for the first quarter of the year, and was informed of the issues most relevant to the operations of the Bank. For the three-month period ended 31 March 2013, the Group posted a pre-tax, pre-provision profit from continuing operations. The Nova KBM Group´s full results for the first quarter of the year will be released by the end of this week, in accordance with the Bank´s financial calendar. The supervisors were given assurance that the Bank is ready to transfer its bad loans to the state´s 'bad bank'. First transfers are expected to be carried out in July. In addition, the supervisors discussed measures taken to reduce the Bank´s operating costs, and were given a report on the progress of the Nova KBM Group´s restructuring towards a more efficient and competitive institution.  
 
 
 
5
apr

Nova KBM’s comment on its credit rating downgrade by Fitch

 
Nova KBM's credit rating downgrade by Fitch was expected given the Slovenia’s sovereign credit rating downgrade by two notches earlier this year (27 January), and considering the methodology used by the rating agency, as well as the fact that the Bank is in need of fresh capital to implement its development plans, which has already been publicly announced by the Bank. It should be pointed out in this regard that the capital raising activities are already under way. 
 
 
 
18
mar

Nova KBM is to increase its share capital by €100 million

 
Nova KBM's Management Board today reached a decision to increase the share capital by €100 million. The basis for this measure is the €100 million Hybrid Loan Facility Agreement entered into on 31 December 2012 by and between the Republic of Slovenia, as the lender, and Nova KBM, as the borrower, in accordance with the ruling of the Shareholders’ Meeting held in December last year. The share capital increase will be carried out by issuing 98,522,167 new shares into which the hybrid loan facility provided by the state will be converted until 7 April this year. The rights attached to the new shares will be identical to the rights attached to the existing ordinary registered shares of Nova KBM. The total amount of the issue will be €100,000,000. Based on the terms and conditions set out in the Hybrid Loan Facility Agreement and the ruling of the Shareholders’ Meeting, the Management Board estimates that the shareholding of the Republic of Slovenia in the Bank will increase to approximately 79%, with the change  
 
 
 
7
mar

Nova KBM Group is preparing to raise additional capital and restructure its business

 
The Supervisory Board of Nova KBM today discussed the unaudited results of the Nova KBM Group for 2012. The Nova KBM Group´s pre-tax, pre-provision profit totalled just over €91.2 million. After accounting for loan loss provisions and taxation charge, the Nova KBM Group incurred a net loss of €205.5 million from continuing operations, according to unaudited data. The Bank´s Management Board informed the supervisors of the draft restructuring plan for the Nova KBM Group, and of the action plan to raise fresh capital. In addition, the supervisors were presented a forensic audit report on the operations of the Nova KBM Group under the previous Management Board. The Bank estimates that the rate of provisioning will decline this year, since a significant part of the loan portfolio has already been impaired. The strategic priorities of the Management Board are to ensure an appropriate level of capital, to improve the performance of both the Bank and the Nova KBM Group, and to restructure the Nova KBM Group.  
 
 
 
29
jan

Supervisors of Nova KBM are positive about the work of the Management Board

 
The Supervisory Board of Nova KBM was today informed of the preliminary results of the Bank for 2012 and of the action plan to increase the Bank’s share capital. Nova KBM managed to increase its Core Tier I capital ratio to above nine percent by the end of last year. To further improve its capital position, the Management Board plans to raise fresh capital in the first half of 2013, and to streamline the operations of the Bank. Efforts are also being made to enhance the Bank’s competitive position and to raise its reputation. The Supervisory Board considers that the Management Board implements operational and strategic objectives of the Bank in an efficient way and expects responsible conduct by decision-makers also in the future. 
 
 
 
 
2012
 
 
 
19
dec

Nova KBM will in the coming year focus on improving its performance and strengthening its stability and reputation

 
The 2013 Business Policy and Financial Plan of the Bank and the Nova KBM Group was released today, after it had been approved by the Bank’s Supervisory Board. Both the Bank and the Group expect to generate a profit before provisions and impairment losses, but a loss from continuing operations. Due to the ongoing economic crisis and the projected negative GDP growth in Slovenia, impairment losses and provisions incurred in 2013 are expected to remain at an elevated level, but below the 2012 figure. The Bank’s Core Tier I capital ratio will reach 9 percent by the end of this year, in accordance with the ruling made by the June Shareholders’ Meeting. Over the coming period, the Management Board will continue implementing measures to improve the performance and efficiency of the Bank and strengthen its stability and reputation. Taking into account the difficult economic conditions, the Supervisory Board considers that the adopted 2013 Business Policy and Financial Plan forms a good basis for further development  
 
 
 
11
dec

€65 million for a 51 percent stake in Zavarovalnica Maribor

 
The agreement for the sale of a 51 percent stake in Zavarovalnica Maribor was signed today at 10:00 a.m. between Nova KBM, as the seller, and Pozavarovalnica Sava and Slovenska odškodninska družba, as the buyers. By paying €15 million, Pozavarovalnica Sava will acquire an 11.79 percent stake in Zavarovalnica Maribor, thus increasing its shareholding to 60.47 percent. Slovenska odškodninska družba will contribute €50 million and take over a 39.21 percent shareholding in the Maribor-based Zavarovalnica Maribor. The procedure for the sale of Zavarovalnica Maribor, which started on 17 of August this year, has thus been brought to a successful conclusion. Products and services of Zavarovalnica Maribor will, for the time being, continue to be provided through Nova KBM’s branch network; however, the talks about further cooperation between the Bank and the insurance company are expected to start soon. The management of all three companies believes the sale of Zavarovalnica Maribor sends a positive signal to their st 
 
 
 
7
dec

Nova KBM’s Supervisory Board consented to the sale of Zavarovalnica Maribor to Pozavarovalnica Sava and Slovenska odškodninska družba (Slovene Compensation Fund)

 
The Supervisory Board of Nova KBM yesterday consented to the decision of the Management Board to sell a 51 percent shareholding in Zavarovalnica Maribor to Pozavarovalnica Sava and Slovenska odškodninska družba. The agreement is expected to be signed on Tuesday, 11 December, when a press conference will be held and the details regarding the transaction revealed. The supervisors consider that the efforts to enhance the Bank’s capital position are being carried out according to the plan and in a professional manner. By implementing the action plan to improve the Bank’s capital adequacy and by adopting certain other measures, the Management Board intends to boost the performance of the Bank and ensure its development. The Supervisory Board also approved the Bank increasing its shareholding in Merkur. 
 
 
 
15
nov

Nova KBM’s Supervisory Board held a meeting

 
At today’s meeting of Nova KBM’s Supervisory Board, the supervisors approved the unaudited report of operations of the Bank and the Nova KBM Group for the period ending 30 September, which will be released on Tuesday, 20 November, in accordance with the Bank’s financial calendar. In addition, the Supervisory Board consented to a partial conversion of loans into equity of Mariborska Livarna Maribor d.d., and was informed of the progress of work aimed at improving the Bank’s capital position. Preparations for the December Shareholders’ Meeting were discussed as well, as were some other issues relevant to the operations of the Bank.  
 
 
 
25
oct

Nova KBM’s ability to generate profit before provisions and impairment losses is considered a positive sign

 
Among the issues discussed at today’s meeting of Nova KBM's Supervisory Board were the operating results of the Bank for the first nine months of the year. These confirm that the Bank performs well, maintains adequate liquidity levels, and is prepared to deal with future challenges. The Bank posted a profit from continuing operations before provisions and impairment losses of €30.4 million, with its market share in total assets remaining flat at 9.8 percent. High loan loss provisions caused the Bank to report a pre-tax loss of €101.4 million from continuing operations. The Management Board has started undertaking a number of efforts to strengthen the Bank’s market position and its relations with customers, the most important being a restructuring of the Bank’s loan portfolio, the improvement of its capital position and a reorganization of its operations.  
 
 
 
11
oct

A due diligence review of Zavarovalnica Maribor has started

 
Nova KBM has today invited several bidders that submitted non-binding offers for the purchase of the Bank's 51 percent stake in Zavarovalnica Maribor to start carrying out the due diligence review. Depending on the outcome of the due diligence review, each bidder will make a decision on whether to submit a binding offer. The sale of Zavarovalnica Maribor is expected to be completed by the end of the year. Non-binding offers have been sent by several potential investors, both from Slovenia and abroad, including Pozavarovalnica Sava (Sava Re), which has already informed the public thereof, in accordance with the rules governing the provision of information. For confidentiality reasons, and due to this being considered price sensitive information, the Bank cannot disclose the names of other bidders or confirm the assumptions of some media in this regard. By selling Zavarovalnica Maribor, in addition to undertaking some other activities, Nova KBM plans to enhance its capital position, thus creating a sound basis 
 
 
 
4
oct

Nova KBM is implementing measures to improve its performance and capital position

 
The Supervisory Board of Nova KBM was today informed of the action plan for the improvement of the Bank's capital adequacy. The activities aimed at increasing the Bank's Core Tier I capital ratio to at least 9 percent are being implemented intensively and are expected to be completed by the end of the year. Among the issues discussed at the meeting of the Supervisory Board were the results of the Bank for the first eight months of the year and other topics relevant to the current business environment. In addition, the Supervisory Board consented to the Bank taking a shareholding in the company Intereuropa. In spite of the difficult market conditions, the Bank is performing well and is continuing to strengthen its relations with customers and other stakeholders. The liquidity position of the Bank remains robust.  
 
 
 
17
aug

Nova KBM started the procedures for the sale of Zavarovalnica Maribor

 
Nova KBM today published the start of procedures for the sale of its 51% shareholding in Zavarovalnica Maribor. The sale of the Bank's shareholding in Zavarovalnica Maribor is a result of the ruling made by the June Shareholders' Meeting requiring the Bank's Management Board to start undertaking activities for the sale of non-core assets of the Nova KBM Group. To ensure the sale is carried out in a professional and transparent manner according to international practice, the Bank selected UniCredit CAIB Slovenia as the adviser for this transaction. The sale of other Nova KBM Group companies is not envisaged; however the Bank’s management board is examining and analysing the sale of some other assets of the Bank. 
 
 
 
24
jul

Peter Kukovica is the Chairman of Nova KBM’s Supervisory Board

 
The constituent meeting of the Bank's new Supervisory Board, appointed for a four-year term at the June Shareholders' Meeting, took place today at the headquarters of Nova KBM. The new supervisors decided to nominate Peter Kukovica as the Chairman and Niko Samec as the Deputy Chairman of the Supervisory Board.  
 
 
 
12
jul

Supervisors of Nova KBM approved the start of an internal audit and adopted the revised 2012 plan

 
At its today's meeting, the Supervisory Board of Nova KBM approved the start of an internal audit, the findings of which will be used by the Management Board to adopt further measures for the improvement of the Bank’s performance. The Supervisory Board consented to the revised 2012 business policy and financial plan of the Bank, which was prepared mainly as a result of deteriorated economic conditions, as evidenced also by the forecasts of higher inflation and lower GDP in Slovenia published by the Institute of Macroeconomic Analysis and Development (IMAD). The supervisors consented to the proposal of the Audit Committee to appoint Deloitte Revizija d.o.o. for the audit of the 2012 financial statements of the Bank and the Group. The final decision in this regard will be taken at the Shareholders' Meeting in August.  
 
 
 
11
jun

21st Shareholders' Meeting of Nova KBM

 
The 21st Shareholders' Meeting of Nova KBM took place today in Hotel Habakuk. 61.77% of shareholders with voting rights were present at the session. Shareholders were informed of the 2011 results of the Bank and the Nova KBM Group, and were presented with the internal audit report. They were also informed of the proposal of the Management and Supervisory Board not to cover the Bank's 2011 loss of €83.7 million. The Shareholders' Meeting did not grant discharge to the Nova KBM's Management Board and to a majority of members of the Supervisory Board for the year 2011. Shareholders adopted the proposed amendments to the Bank's Articles of Association, according to which the Management Board shall be authorised to increase the share capital of the Bank, provided consent is given by the Supervisory Board. Furthermore, shareholders supported the proposal of the Republic of Slovenia regarding the accomplishment of capital raising activities, and appointed new Supervisory Board members. They were informed of the rem 
 
 
 
6
jun

Igor Žibrik was appointed as the third member of Nova KBM'S Management Board

 
The Supervisory Board of Nova KBM has today appointed Igor Žibrik as the third member of the Bank's Management Board. Before starting his term of office, Mr. Žibrik must obtain a licence from the Bank of Slovenia. Andrej Plos remains as a member of the Management Board, which has been chaired by Aleš Hauc since 24 April of this year. The supervisors were briefed on the operations of the Bank in the first four months of the year, and discussed other issues important to the Bank. 
 
 
 
22
may

Nova KBM Group reported stable performance and a profit

 
The Nova KBM Group released today its results for the first quarter of the year. The Group's profit before provisions and impairment losses totalled €21.6 million, while its pre-tax profit from continuing operations amounted to €2.6 million.  
 
 
 
21
may

Representatives of leading European banks discuss banking risks

 
The 40th Eurobanking Conference started today in Radenci with the opening address by Aleš Hauc, President of Nova KBM's Management Board, and Mladen Stariha, the Eurobanking Secretary General. Until Wednesday, 23 May, the representatives from leading European banks will discuss their experience and expertise in banking and financial services, in particular banking risks. Eurobanking, a working group on quantitative analysis in financial services, has since 1975 provided a forum at which bankers from the leading European banks may discuss their work. Representatives from Slovenia have been participating in Eurobanking since 1989. The Conference, which is for the third time held in Slovenia, is this year hosted by the Nova KBM Group. 
 
 
 
17
may

The Jubilee 40th Eurobanking Conference taking place in Radenci

 
The 40th Eurobanking Conference will take place in Radenci between 20 and 23 May. The host of this year's European Working Group on Quantitative Analysis in Financial Services is the Nova KBM Group. 
 
 
 
15
may

Supervisors of Nova KBM discussed current issues

 
At its today's meeting, the Supervisory Board of Nova KBM took note of the Bank's current performance and discussed topics relevant to its business.  
 
 
 
24
apr

Aleš Hauc took up the position of the President of Nova KBM's Management Board

 
Today, Mr. Aleš Hauc took up the position of the President of Nova KBM's Management Board. His term of office will last for five years. 
 
 
 
17
apr

Nova KBM's Supervisory Board discussed the 2011 audited annual report

 
At today's regular meeting, the Supervisory Board of Nova KBM discussed the 2011 audited Annual Report of Nova KBM d.d. and the Nova KBM Group. 
 
 
 
29
mar

A meeting of Nova KBM's supervisory board was held today

 
At today's regular meeting of Nova KBM's Supervisory Board, members of the Supervisory Board discussed the current operations of the Bank and the problems related to the recovery of investments in the real estate sector. Other issues important to the business of the Bank were debated as well.  
 
 
 
12
mar

Aleš Hauc will strive to restore the reputation of Nova KBM and to consolidate the Nova KBM Group

 
After Nova KBM's Supervisory Board last Friday appointed Aleš Hauc as President of the Bank's Management Board, the Chairman of Nova KBM's Supervisory Board introduced Mr. Hauc to the public at today's press conference. 
 
 
 
9
mar

Aleš Hauc appointed as the new President of Nova KBM's Management Board

 
At today's meeting of the Supervisory Board, Aleš Hauc was appointed, by common consent, to be the new President of Nova KBM's Management Board. He will take over the position from the current President, Andrej Plos, who has already offered his resignation a while ago, as soon as he obtains the licence by the Bank of Slovenia. 
 
 
 
1
mar

Nova KBM and the Nova KBM Group reported a loss for 2011

 
The 2011 unaudited results for Nova KBM and the Nova KBM Group were released today. Both the Bank and the Nova KBM Group reported a loss for last year. The Supervisory Board discussed at its meeting the request to convene the Shareholders' Meeting of the Bank, submitted by the Capital Assets Management Agency of the Republic of Slovenia. Further, the procedures for appointing the new Management Board of the Bank were examined by Supervisory Board members. 
 
 
 
29
feb

Supervisory Board of Nova KBM discussed results of the Bank and the Nova KBM Group

 
The regular meeting of Nova KBM's Supervisory Board took place today. Members of the Supervisory Board discussed, among other things, the 2011 results of operations of the Bank and the Nova KBM Group. The unaudited non-consolidated and consolidation financial statements will be released in accordance with the Bank's financial calendar and the Ljubljana Stock Exchange Rules on 1 March 2012. 
 
 
 
17
feb

Nova KBM's Supervisory Board accepted the resignation of Andrej Plos, President of the Management Board

 
The Supervisory Board of Nova KBM accepted today the resignation of Andrej Plos, the current President of the Management Board, of which the Chairman and other members of the Supervisory Board were informed on Tuesday. The Bank expects no difficulties in the management of liquidity risk and capital adequacy this year. 
 
 
 
16
feb

Andrej Plos, President of Nova KBM's Management Board, submitted his resignation proposal to the Supervisory Board

 
»Andrej Plos, President of the Management Board, submitted to me, as Chairman of Nova KBM's Supervisory Board, his resignation proposal on which the Supervisory Board has not taken any decision yet. His resignation notice will be discussed at the next meeting of the Supervisory Board, which is expected to take place on Friday, 17 February 2012. Mr. Plos will continue to act as the President of the Management Board until the new Management Board is elected. He submitted his resignation proposal with the aim of new Management Board being appointed as soon as possible. Changes in the Management Board will have no impact on Bank's operations.« 
 
 
 
27
jan

The Supervisory Board of Nova KBM approved the 2012 business policy and financial plan.

 
At its today's regular meeting, the Nova KBM's Supervisory Board approved the 2012 business policy and financial plan of Nova KBM. Mr. Ivan Simič resigned as a supervisory board member. 
 
 
 
 
2011
 
 
 
20
dec

Nova KBM's Supervisory Board discussed, among others, the sale of Mercator shares

 
At its today's regular meeting, the Supervisory Board of Nova KBM was given information about the current operations of the Bank and the Nova KBM Group. In addition, Supervisory Board members discussed, among others, the sale of Mercator shares.  
 
 
 
8
dec

New Management Board of the bank to commence its work on 1 January 2012

 
At today's meeting with journalists, the representatives of Nova KBM presented the decisions concerning the changes in the Bank's Management Board, which were taken at yesterday's regular meeting of the Supervisory Board. Mr. Andrej Plos, current member of the Management Board, was appointed as the new president of the Management Board, replacing outgoing president Mr. Matjaž Kovačič, effective from 1 January 2012. The Management Board of Nova KBM will, for the time being, consist of two members. 
 
 
 
8
dec

Mutually agreed termination of the term of office of Matjaž Kovačič, President of the Management Board

 
At its yesterday's regular meeting, the Supervisory Board of Nova KBM reached a decision concerning the mutually agreed termination of the term of office of Matjaž Kovačič, President of the Management Board, effective as of 1 January 2012. Andrej Plos, current member of the Management Board, was appointed as the new President. The Management Board will now consist of two members. Members of the Supervisory Board were also briefed on the current operations of the Bank and the Nova KBM Group. The Bank's performance remains stable despite somewhat weaker operating results. 
 
 
 
29
nov

Nova KBM is entering the last quarter of 2011 well capitalised

 
Nova KBM has today published the unaudited report of operations of the Nova KBM Group for the period from January through September 2011. The Group's profit before provisions and impairment charges totalled €63.7 million.  
 
 
 
25
oct

Nova KBM delivered a pre-tax profit of €7.3 million from continuing operations

 
Nova KBM today released the preliminary results of its operations for the period from January through September 2011. In spite of adverse market conditions, the Bank performed well in the first nine months of the year. For the period from January through September 2011, the Bank reported a pre-tax profit of €7.3 million from continuing operations, which made up 52.9% of the annual projection. Net profit reached €6.2 million.  
 
 
 
7
oct

Supervisory Board of Nova KBM discussed current operations

 
At today's 39th regular meeting, the Supervisory Board of Nova KBM discussed current operations of the Bank and the Nova KBM Group. 
 
 
 
19
sep

Supervisory Board of Nova KBM discussed current operations of the Group

 
At its Friday meeting, the Supervisory Board of Nova KBM was informed of the current operations of the Bank and the Nova KBM Group. The Board also discussed several business resolutions recently adopted by the Bank. 
 
 
 
15
sep

Nova KBM started providing certain banking services to PBS customers

 
Nova KBM started today providing certain banking services to the customers of Poštna banka Slovenije. This will further strengthen the cooperation between Nova KBM and PBS within the Nova KBM Group, and will help both banks implement their strategic orientation to become the best and the most recognisable retail banking institutions in Slovenia. 
 
 
 
26
jul

Nova KBM delivered a pre-tax profit of €7 million in the first half of the year

 
Nova KBM d.d. published today the preliminary results of operations for the period from January through June 2011. The Bank continues to perform well: a pre-tax profit from continuing operations totalled €7.0 million, while the net profit was €5.6 million, which accounts for 50.1% of the annual projection.  
 
 
 
22
jul

20th Shareholders' Meeting of Nova KBM

 
The 20th Shareholders' Meeting of Nova KBM was held today in Hotel Habakuk. 64.29 per cent of the shareholders with the voting right participated in the Shareholders' Meeting. The shareholders participating in the Meeting were informed about the operations of the Bank and the Nova KBM Group in the previous year. They granted discharge to the Management and the Supervisory Board for the year 2010, and adopted the proposal of the shareholder Gen Energija with respect to the recall of Supervisory Board members. The shareholders adopted the resolution to appropriate the entire 2010 profit available for distribution for the payment of dividends. Further, the decision was reached to appoint Ernst & Young d.o.o., Ljubljana, for the audit of the 2011 financial statements of the Bank and the Nova KBM Group. The Shareholders' Meeting adopted the counter-proposal submitted by the Republic of Slovenia regarding the amendments to the Nova KBM's Articles of Association. The counter-proposal of the Republic of Slovenia on  
 
 
 
2
jun

The Nova KBM Group reported a net profit OF €5.1 million for Q1 2011

 
At today's meeting of the Nova KBM's Supervisory Board, the members of the Supervisory Board discussed the performance of the Nova KBM Group in the first quarter of 2011. The total assets of the Nova KBM Group increased by €86,021 thousand to €5.9 billion. 
 
 
 
26
may

Mr. Kovačič, the representative of the first Slovene company to be listed on the WSE, at the CEE IPO SUMMIT in Warsaw

 
Under the patronage of Donald Tusk, the President of the Government of the Republic of Poland, the 1st CEE IPO SUMMIT started yesterday in Warsaw. The President of the Management Board of Nova KBM took part in this summit as well. Among others, Mr. Kovačič spoke of the experience related to the Nova KBM's listing on the Warsaw Stock Exchange. He also met with the Polish President, Mr. Bronislaw Komorowski. 
 
 
 
16
may

Nova KBM d.d. delivered a profit of €3.7 million in Q1 2011

 
At today's meeting of the Nova KBM's Supervisory Board, the members of the Board were informed of the successful conclusion of the Bank's capital increase. Nova KBM published today on the web-portal SEOnet the results of its operations for Q1 2011. The Bank's Q1 profit from continuing operations was €3.7 million, while the total assets of the Bank increased by €67.1 million in the period from January through March. The Bank's capital increase was successfully completed after the end of Q1 2011. 
 
 
 
11
may

Nova KBM the first Slovene company to enter Warsaw Stock Exchange

 
As from today, Nova KBM is the first Slovene company whose shares are traded simultaneously at home and on a foreign stock exchange. The trading in Bank shares, which are listed on the Warsaw Stock Exchange under the symbol KBM, started in Warsaw at €8.00, while the opening price on the Ljubljana Stock Exchange was €8.67. After a successful increase in capital, Nova KBM remains the public limited company with the largest number of shareholders of any Slovene company. Following the registration of the share capital increase in the court register, the total number of Bank shares is now 39,122,968 and the share capital of the Bank amounts to €40,814,313.65. The Bank’s entry on the Warsaw Stock Exchange was welcomed today also by Mr. Krzysztof Walenczak, the Deputy Minister of Treasury of the Republic of Poland, His Excellency Mr. Marjan Šetinc, the Slovene ambassador in Poland, and Mr. Ludwik Sobolewski, the President of the Management Board of the Warsaw Stock Exchange. 
 
 
 
26
apr

Final allocation of offer shares

 
Nova KBM, the second-largest banking group in Slovenia, announced the final allocation of shares in the public offering carried out this month. As planned, the company has allocated 13,040,989 ordinary shares and raised EUR 104.3 million in gross proceeds.  
 
 
 
20
apr

Preliminary allocation

 
Existing shareholders of Nova KBM, the second-largest banking group in Slovenia, exercised their pre-emptive right for a total of 8,056,622 shares (or EUR 64,452,976) out of 13,040,989 ordinary shares the Company plans to issue. This means the Republic of Slovenia will probably maintain, directly or indirectly, a 51.09% ownership stake in the Bank. 
 
 
 
14
apr

Nova KBM sets the offer price at EUR 8 per share

 
Nova KBM, the second-largest banking group in Slovenia, has set the Offer Price for shares in its current public offering at EUR 8 per share. The PLN equivalent of the Offer Price will be established on or around 20 April 2011, based on the market exchange rate available to Nova KBM, and will be announced publicly. 
 
 
 
12
apr

Nova KBM at the 2011 Investment Forum in London

 
A UK – Slovenia Investment Forum 2011, an event organised by the European Bank for Reconstruction and Development (EBRD), was held today in London. Matjaž Kovačič, President of the Management Board of Nova KBM, participated in the meeting as a representative of a Slovene bank. 
 
 
 
4
apr

Nova KBM - Public offering begins

 
Nova KBM, the second-largest banking group in Slovenia, published its prospectus today and began its public offering. The Company plans to issue up to 13,040,989 shares and raise net proceeds of up to EUR 132.4 million. The proceeds from the issue will be used to finance implementation of the Group’s growth strategy, calling for reinforcement of market position, further international expansion, optimisation of management and governance within the Group, and development of innovative distribution channels. A portion of the proceeds will also be used to meet potential new capital adequacy requirements for the banking markets.  
 
 
 
1
apr

On Monday, the commencement of the subscription period

 
Today, Nova KBM accepted the approval of the prospectus for the public offering of Nova KBM shares by The Securities Market Agency (»ATVP«) and by the Polish Financial Supervision Authority. Price range per share is set between 8.00 and 10.50 EUR. The prospectus will be published in Slovenia and Poland on the date of the commencement of the subscription period, which is expected to take place on Monday, 4 April. Trading in the newly issued shares and the parallel listing of shares on the Warsaw Stock Exchange are anticipated to commence in the beginning of May. Besides, the Supervisory Board of Nova KBM held its meeting yesterday. It adopted the 2010 audited annual report of the Bank and the Nova KBM Group, and took note of the capital increase process.  
 
 
 
15
mar

Nova KBM and the Nova KBM Group deliver good results despite

 
Nova KBM d.d. published today the unaudited results of operations of the Bank and the Nova KBM Group for 2010. Unlike common trends in the Slovene financial market, and in spite of adverse market conditions, which affected mainly the construction industry and financial holdings, both the Bank and the Group delivered a profit in 2010. The Bank expects that the listing of its shares on the Warsaw Stock Exchange will contribute to a further growth in its and the Group's operations. The capital increase is forecast to be completed in the second quarter of the year.  
 
 
 
2
mar

Supervisory Board of Nova KBM was informed of the 2010 unaudited operating results and updated on the key dates related to the capital increase

 
The Supervisory Board of Nova KBM discussed at its last meeting the current operations and was informed of the unaudited operating results of the Bank and the Nova KBM Group for 2010 which will be published on 15 March 2011. Supervisory Board members were also updated on the key dates related to the admission of Nova KBM shares on the Warsaw Stock Exchange which is expected to be carried out in the second quarter of the year.  
 
 
 
 
2010
 
 
 
22
dec

Supervisory Board of Nova KBM approves procedures for raising additional capital and listing on the Warsaw Stock Exchange

 
At today's meeting, the Supervisory Board of Nova KBM approved the proposal of the Management Board to raise additional equity capital and, in accordance with the Bank's Articles of Association, requested from the Management Board, to start carrying out all the procedures necessary to increase the Bank's share capital and listing of the Bank’s shares on the Warsaw Stock Exchange (WSE) in 2011.  
 
 
 
23
nov

Nova KBM Group delivers good performance in the period from january to september 2010

 
At today's regular meeting, the Supervisory Board of Nova KBM discussed current operations and was informed of the Nova KBM Group's operating results for the first nine months of the year. The results are better than those reported for the same period last year. 
 
 
 
29
oct

Nova KBM refunded fees for ATM cash withdrawals to its customers

 
Nova KBM d.d. refunded today to its customers fees that they paid for withdrawing cash on ATMs of other banks in Slovenia in the period from 20 February 2006 to 30 November 2006, both dates inclusive, together with the default interest. As it is not expected the court procedure in this respect to be resolved quickly, and with the aim of acting for the benefit of its customers as well as other stakeholders, the Bank decided to make this payment, even though it has not yet received the decision of the Supreme Court with regard to the audit request being filed. 
 
 
 
31
aug

Nova KBM Group's pre-tax profit in the first half of 2010 exceeds almost four times

 
At today's 7th regular meeting, the Supervisory Board of Nova KBM discussed the 2010 half-year results for Nova KBM d.d. and the Nova KBM Group. The operating results are well above the projections – the pre-tax profit of the Nova KBM Group in the first half of 2010 is almost four times the figure reported for the same period last year. 
 
 
 
26
jul

Stress-testing results

 
On the basis of provisions of the Ljubljana Stock Exchange Rules and in compliance with the Financial Instruments Market Act, Nova KBM d.d. hereby announces the following notice: Stress-testing results 
 
 
 
26
jul

Preliminary Announcement of Results of Nova KBM d.d. for 2Q 2010

 
Based on the regulations of the Ljubljana Stock Exchange and the legislation in force, Nova KBM d.d. makes the following announcement: Preliminary Announcement of Results of Nova KBM d.d. for 2Q 2010 
 
 
 
 
2009
 
 
 
21
oct

Supervisory board of Nova KBM discussed increase in capital of Zavarovalnica Maribor

 
At its regular meeting, the Supervisory Board of Nova KBM d.d. discussed the increase in capital of Zavarovalnica Maribor d.d., and appointed mag. Andrej Plos as the new Management Board member. It also took note of the operating results of the Nova KBM Group and Nova KBM d.d. in the first nine months of the year.  
 
 
 
8
jun

Supervisory board of Nova KBM took note of 1Q 2009 Results

 
At its 11th regular meeting, the Supervisory Board of Nova KBM discussed the current operations of the Bank, and was informed about the operating results of the Nova KBM Group and Nova KBM for the first quarter of this year.  
 
 
 
5
may

Publication of the Nova KBM Group and Nova KBM d.d. audited Annual Report, together with the Auditor's Report intended for the publication of the 2008 financial statements

 
Operational audit and the audit of the Nova KBM Group and Nova KBM d.d. financial statements for the year 2008 was carried out by the auditing firm KPMG Slovenija d.o.o., which issued an unqualified opinion on the financial statements.  
 
 
 
14
apr

Court confirmed Nova KBM’s arguments

 
On 8 April Nova KBM received the decision of the Higher Court in Maribor rejecting in whole the requests of the PanSlovenian Shareholders Association. The judgment has thus become final, and the court confirmed the regularity of the procedures taken at Nova KBM’s Shareholders’ Meeting as regards the amendment to the Articles of Association, the recall of the members of the Supervisory Board, and the election of the new Supervisory Board in 2008.  
 
 
 
7
apr

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

 
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.  
 
 
 
 
 
 
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