POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No9/2013
Date of issue:2013-03-26
Short name of the issuer
NOVA KREDITNA BANK MARIBOR D.D.
Subject
Moody’s changes the ratings of Nova KBM d.d.
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
In compliance with the Ljubljana Stock Exchange Rules and the applicable legislation, Nova KBM d.d., Maribor, hereby makes the following announcement: On 25 March 2013 Moody's Investors Service downgraded Nova KBM’s long-term deposit rating to Caa2 from B3, with a negative outlook. The junior subordinate ratings were downgraded to C(hyb) from Caa3(hyb). Nova KBM’s standalone E bank financial strength rating (BFSR) has been affirmed. In addition, Moody’s lowered the bank’s baseline credit assessment (BCA) to caa3 from caa1 within E standalone BSFR. The downgrades were prompted by Moody's assessment that NKBM’s credit profile has been further weakened by (i) the necessity of a further capital injection to maintain capital adequacy above the European Banking Authority’s (EBA) regulatory guidelines; ii) sizeable provisioning needs undermining its already weak capital base; and iii) the expectation of further deterioration in asset quality given the weak economic trends and difficulties in Slovenia’s highly-leveraged corporate sector. This notice will be publicly available on the Bank’s website (www.nkbm.si) from 26 March 2013, for at least five years.
Annexes
FileDescription
NOVA KREDITNA BANKA MARIBOR D.D.
(fullname of the issuer)
NOVA KREDITNA BANK MARIBOR D.D.Banki (ban)
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
2505Maribor
(post code)(city)
Vita Kraigherja4
(street)(number)
+386 2 229 22 90+386 2 229 43 33
(phone number)(fax)
(e-mail)(web site)
SI94314527586058000
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2013-03-26Ale¹ HaucPresident of the Management Board