| In accordance with the provisions of the Ljubljana Stock Exchange Rules, Nova KBM d.d., Ulica Vita Kraigherja 4, Maribor, hereby gives the following notice: Among the issues discussed at yesterday´s meeting of Nova KBM Supervisory Board were the actions and measures arising from the resolutions adopted by the Nova KBM Shareholders´ Meeting on Monday. Based on the current forecasts, the Supervisory Board believes the capital injection of €400 million, as approved by the shareholders, will help the Bank achieve its development objectives and return to a profitable and efficient financial institution while sustaining an adequate capital position. The supervisors, one of whom is Aljo¹a Toma¾, appointed to the Supervisory Board by the Shareholders´ Meeting on 10 June, have yesterday been informed of the issues most relevant to the business of the Bank and the Nova KBM Group. While the operations of both the Bank and the Nova KBM Group are still affected by the difficult market conditions, the Management Board continues implementing measures aimed at reducing their exposure to credit risk and restructuring their loan portfolios. The Bank is ready to transfer the first package of bad loans to the state-run Bank Assets Management Company, which will presumably happen in July. The supervisors support the decisions taken by the Management Board and believe these will contribute to a reduction in all types of risk to which the Bank and the Nova KBM Group are exposed while helping them optimize their loan portfolios and improve their performance. Nova KBM is of a particular importance for the stability of the national financial system. It has a development potential, provides first-class banking services, and contributes to the development of the environment in which it operates. The Bank performs well, it maintains its market share, and meets all the regulatory capital and liquidity requirements. Meeting all the regulatory requirements is the principal objective which the Management Board has set for the operations of the Bank, and all strategic goals are subordinated to this objective. According to the Maastricht Treaty, each EU member is responsible to ensure the stability of its financial system. In this context, one must understand the decision of the government to inject additional capital into the state-owned banks, including Nova KBM, and its intention to sell its shareholding in the Bank in the foreseeable future, as well as the position of all current shareholders of the Bank. The Supervisory Board supports the position of the Management Board that a potential strategic partner must have a good knowledge of the Slovene banking system, in addition to being prepared to pay the right price to acquire a shareholding in the Bank. It is important for the strategic partner not only to pursue the return on investment, but also to have a good understanding of the banking business and of the needs of customers. Besides, in order to contribute to a stable development of both the Bank and the Nova KBM Group, the strategic partner must demonstrate an adequate attitude towards employees. This notice will be available on the Bank´s website from 13 June 2013, for a period of at least five years. | |
