Nova KBM
 

The agreement concerning the sale of Nova KBM is signed | NKBM

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.

The agreement concerning the sale of Nova KBM is signed

30 June 2015
OBVESTILA
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. Following the withdrawal of restrictions related to its state support, Nova KBM will be in a position to increase its market share and demonstrate its business potential to both existing and new customers.

 

On the occasion of today´s signing of the sale agreement, Robert Senica, President of the Nova KBM Management Board, emphasised, among other things, that Nova KBM has been actively and constructively involved in all stages of the sale process. Actions related to today´s signing are expected to be taken over the next few months (acquisition of approval from the relevant supervisory bodies, the payment of the purchase consideration, and the transfer and registration of the shareholding – i.e. the closing of the sale process).

 

“Irrespective of the processes that will follow today´s signing, the existing contractual relationships of Nova KBM remain unchanged. Customer deposits placed with Nova KBM are safe, and both Nova KBM and its group will continue to uninterruptedly provide the whole range of their services”, Robert Senica said upon the signing of the agreement between SSH and the buyers concerning the sale of Nova KBM.