NOVA KREDITNA BANK MARIBOR D.D. - Preliminary results of operations of Nova KBM d.d. for the peri...

| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 33 | / | 2012 | | | | |
| | Date of issue: | 2012-07-26 | | | | | | | | | |
| | Short name of the issuer | | | | | | | | | | |
| | NOVA KREDITNA BANK MARIBOR D.D. | | | | | | | | | | |
| | Subject | | | | | | | | | | |
| | Preliminary results of operations of Nova KBM d.d. for the period January ? June 2012 | | | | | | | | | | |
| | Official market - legal basis | | | | | | | | | | |
| | Unofficial market - legal basis | | | | | | | | | | |
| | Contents of the report: | | | | | | | | | | |
| | In accordance with provisions of the Ljubljana Stock Exchange Rules and the Financial Instruments Market Act, Nova KBM d.d., Maribor, hereby gives the following notice: Adverse conditions in the financial markets, payment delays, a rising number of bankruptcies, and the cleaning of its non-performing loans had a negative effect on the performance of the Bank in the first half of 2012. For the period from 1 January to 30 June 2012, Nova KBM d.d. reported a pre-tax loss from continuing operations of ?39,879,000. The net loss amounted to ?38,624,000. Net interest income totalled ?41.2 million, which accounted for 45.7% of the revised annual projection. The interest margin, calculated on the average total assets, was 1.75%, which was 0.15 percentage points below the projection. Net fee and commission income reached ?21.1 million, or 53.0% of the annual projection. Net fees and commissions covered 54.3% of the Bank's administration costs, including depreciation and amortisation. The Bank?s results continued
to be adversely affected by loan loss provisioning. As a result of further deterioration in its loan portfolio, in the first half of the year the Bank recorded net impairment losses and provisions of ?61.4 million, which was 41.4% of the annual projection. The Bank?s financial and operating income decreased by 24.4% relative to the same period last year. The Bank's total assets at the end of June amounted to ?4,764.0 million, down ?46.6 million, or 1.0%, from the 2011 year-end. As of the end of May, the Bank's market share in total assets was 9.5%, a decrease of 0.4 percentage points from the end of 2011. Net loans and advances to customers totalled ?3,233.8 million, a decrease of ?108.3 million from the end of 2012. In the first five months of the year, the Bank's market share in loans and advances to customers decreased by 0.3 percentage points to 9.8% at the end of May. Loans and deposits from customers at the end of June amounted to ?3,025.2 million, down ?35.1 million from the end of 2011, mainly as a
result of a decrease in deposits from the state. The Bank's market share in loans and deposits from customers decreased in the first five months of the year by 0.2 percentage points to 12.3%. The customer net loans-to-deposits ratio fell by 2.1 percentage points to 106.9%. The Bank's total equity at the end of June 2012 was ?344.1 million, down 7.9%, or ?29.6 million, from the end of 2011, mainly as a result of loss reported for the period. The total capital adequacy ratio of the Bank as of 30 June 2012 was 10.10%. This notice will be available on the Bank's website (www.nkbm.si) from 26 July 2012. | | | | | | | | | | |
| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

| | | NOVA KREDITNA BANKA MARIBOR D.D. | | | | | |
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| | | (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) | | | |
| | | 2505 | | Maribor | | | |
| | | (post code) | | (city) | | | |
| | | Vita Kraigherja | | 4 | | | |
| | | (street) | | (number) | | | |
| | | +386 2 229 22 90 | | +386 2 229 43 33 | | | |
| | | (phone number) | | | (fax) | | |
| | | (e-mail) | | | (web site) | | |
| | | SI94314527 | | 586058000 | | | |
| | | (NIP)
| | | (REGON) | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY