Nova KBM
 

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

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.

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

28 January 2015
OBVESTILA
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.
 

The Nova KBM Supervisory Board was today presented with the report on the operations of Nova KBM and the companies of the Nova KBM Group for the period January – December 2014. Throughout last year, both the Bank and the Group delivered stable, sound and, once again, profitable performance, thereby meeting one of the key targets set for 2014. Apart from reporting good results, the Bank and the Nova KBM Group managed to reduce their total assets and the volumes of lending, in addition to introducing a number of measures aimed at making their organisational structures slimmer and their operations more efficient, all of which was carried out to comply with the restructuring programme. Focus was placed last year on the consolidation of the Group, on the operations of the Group´s core members, and on the Group´s principal activity.


The Supervisory Board was informed of the possibility that Aleš Hauc, President of the Management Board, might be absent for a prolonged period due to health-related issues. In this regard, the Supervisory Board concluded that, despite the absence of its President, the Nova KBM Management Board remains fully operational and has all the necessary powers, given that, in accordance with Article 15 of the Nova KBM Articles of Association, two members of the Management Board are sufficient to represent the Bank.

Considering this, the Management Board members Robert Senica and Sabina Župec Kranjc may jointly reach any managerial decision on behalf of the Bank. In addition, the reassignment among the Management Board members of the responsibilities and areas of work covered by the President has been agreed to ensure the smooth running of the Management Board and the Bank as a whole.


The Supervisory Board was also briefed on the progress of the privatisation of Nova KBM. In the last stage of the sale procedure, Nova KBM met all its obligations and provided potential investors with all relevant information. Irrespective of the outcome of the sale, in 2015 the Bank will continue to implement the measures arising from the restructuring programme and the commitments given to the European Commission by the Republic of Slovenia and itself. Peter Kukovica, Chairman of the Supervisory Board, said:


“The Supervisory Board notes that during the past two years, which have put enormous pressure on the Bank´s operations, a large number of challenging initiatives have been undertaken that helped the Nova KBM Group return to viability and restore profitability. The efforts made are reflected in the positive results reported for 2014 by both the Bank and the Group. These results must serve as an encouragement for Nova KBM, but also as an obligation to continue pursuing the adopted strategy and to further strengthen the trust that its customers and other stakeholders have placed in it.”


Attachment: First information on the results of Nova KBM for the period January – December 2014