Upgrades are the result of NKBM signing a sale and purchase agreement with the Slovenian Sovereign Holding, the entity managing assets on behalf of the Slovenian government, for the acquisition of Abanka. The closure of this transaction is subject to several regulatory approvals and would create Slovenia’s second largest banking group with an estimated market share of about 22%.
The positive outlook reflects the expectation that NKBM’s portfolio will further improve and financial fundamentals will continue to strengthen following this business combinationMoody's Investor Service has today upgraded Nova Kreditna banka Maribor d.d.'s (NKBM) long-term deposit ratings by one grade from Baa3 to Baa2. NKBM’s short-term deposit ratings were also upgraded to Prime-2 from Prime-3.
