NOVA KREDITNA BANK MARIBOR D.D. - Supervisors of Nova KBM are positive about the work of the Mana...

| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 3 | / | 2013 | | | | |
| | Date of issue: | 2013-01-30 | | | | | | | | | |
| | Short name of the issuer | | | | | | | | | | |
| | NOVA KREDITNA BANK MARIBOR D.D. | | | | | | | | | | |
| | Subject | | | | | | | | | | |
| | Supervisors of Nova KBM are positive about the work of the Management Board | | | | | | | | | | |
| | Official market - legal basis | | | | | | | | | | |
| | Unofficial market - legal basis | | | | | | | | | | |
| | Contents of the report: | | | | | | | | | | |
| | In accordance with the provisions of the Ljubljana Stock Exchange Rules and the applicable legislation, the Management Board of Nova KBM, Maribor, hereby gives the following notice: The Supervisory Board of Nova KBM was yesterday informed of the preliminary results of the Bank for 2012 and of the action plan to increase the Bank?s share capital. Nova KBM managed to increase its Core Tier I capital ratio to above nine percent by the end of last year. To further improve its capital position, the Management Board plans to raise fresh capital in the first half of 2013, and to streamline the operations of the Bank. Efforts are also being made to enhance the Bank?s competitive position and to raise its reputation. The Supervisory Board considers that the Management Board implements operational and strategic objectives of the Bank in an efficient way and expects responsible conduct by decision-makers also in the future. ?Nova KBM has strong liquidity and capital positions. Recently, a number of steps have been
taken to grow its business. According to the latest macroeconomic forecasts, the current strained market conditions are likely to persist throughout the year, which will certainly have an adverse effect on the results of the Bank. We believe that the projected capital increase, as well as a new strategy and the restructuring of operations, will consolidate the financial position and performance of both the Bank and the Nova KBM Group?, said Aleš Hauc, President of Nova KBM?s Management Board. The 2012 unaudited accounts of Nova KBM and the Nova KBM Group will be released in accordance with the financial calendar, presumably at the end of February. The Bank is expected to report a profit before provisioning expenses and a loss from continuing operations. Due to the deteriorated market conditions, further loan loss provisions, and negative macroeconomic forecasts for 2013, the Bank projects to post a loss for this year, which, however, is expected to be lower than that of 2012. In 2014, a pre-tax profit from
continuing operations is projected to be generated. The Management Board presented to the Supervisory Board an indicative capital raising plan. The preparatory activities are under way, and the Bank will keep its shareholders and the interested public updated on any details related to the share capital increase, in accordance with the principles of equitable provision of information and the stock exchange rules. The supervisors were also informed of the progress made in the drafting of the new strategy of the Bank. Furthermore, they were presented a proposal for a new organisational structure of both the Bank and the Group, the principal objectives of which are to make the business processes more efficient, to reduce costs, and to focus even more on customers. The reorganisation will involve an overhaul of working processes and, where appropriate and economically feasible, the streamlining and unification of businesses. In line with the reorganisation, the Bank intends, among others, to change the number and
the structure of management and certain other positions, as well as to centralise and strengthen the commercial departments. Also, the Bank?s working procedures will be standardised, the development function upgraded and the risk management system improved. This notice will be publicly available on the Bank?s website (www.nkbm.si) from 30 January 2013, for at least five years. | | | | | | | | | | |
| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

| | | 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) | | | |
| | | 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