At today's meeting, members of the Supervisory Board reviewed unaudited operating results of the Bank and the Group for last year. In spite of uncertain financial market conditions, the Bank and the Nova KBM Group performed in accordance with the adopted plan for 2009.
Notwithstanding fragile conditions across financial markets, the Nova KBM Group posted a pre-tax profit of €17.4 million from continuing operations. Net profit of the Group was €12.7 million. Profit before impairment charges and provisions was 28.2 per cent above the 2008 figure and amounted to €94.8 million.
Nova KBM delivered a pre-tax profit of €15.1 million from continuing operations. Net profit was €12.1 million, which is 3.9 per cent over the projected year-end figure. Nova KBM's profit before impairment charges and provisions was €70.8 million, up 28.6 per cent from 2008.
More detailed information and the audited Annual Report of the Nova KBM Group are expected to be published on Friday, 30 April, before the opening of the stock exchange, on the web portal SeoNet.
Pursuant to the agenda of today's meeting, the Supervisory Board also took note of the Bank's and the Group's current operations.
