22
dec
Nova KBM and KBS banka receive approval from the European Central Bank for their merger
The merger of Nova KBM and KBS banka is scheduled to take place on 3 January 2017 and will become legally effective on the day it is entered into the court register. After merging with KBS banka, Nova KBM will continue to operate under its current name, with its head office remaining in Maribor. On the day of the merger, KBS banka will cease to exist as an independent legal entity, and all its obligations and rights will be transferred to Nova KBM, its legal successor, without this causing any disruption to customer service and without customers of Nova KBM and KBS banka being required to visit their respective bank as a result of changes arising from the merger. The merger will make it possible for Nova KBM to significantly strengthen its market position and to implement the ambitious goals of its owners.
14
nov
Nova KBM’s Supervisory Board appoints John Denhof as Group Chief Executive Officer
In pursuit of its stated strategy to transform Nova KBM into the leading Slovenian retail and corporate bank, Nova KBM’s Supervisory Board is pleased to announce the appointment of John Denhof as Group Chief Executive Officer (“CEO”). Mr. Denhof will complement the existing Management Board, subject to customary regulatory approval.
28
oct
Nova KBM and KBS banka sign the merger agreement
Today, the Management Boards of both banks signed the agreement concerning the merger of KBS banka and Nova KBM. This is an important milestone towards transforming Nova KBM into one of the leading universal banks in the Slovene banking market.
26
oct
Moody´s upgrades Nova KBM
Moody´s Investors Service (Moody´s) has upgraded Nova KBM´s Long-Term Deposit Rating to 'B2' from 'B3', while at the same time raising its Baseline Credit Assessment (BCA) and the adjusted BCA to 'b3' from 'caa1'. The outlook on the long-term deposit ratings is positive.
1
sep
Decision on entering the merger by acquisition of Poštna banka Slovenije by Nova KBM into the court register is issued
Today, the District Court of Maribor issued a decision on entering into the court register the merger by acquisition of Poštna banka Slovenije by Nova KBM.
26
jul
Nova KBM and Poštna banka Slovenije receive approval from the European Central Bank for their merger
The merger of Nova KBM and Poštna banka Slovenije is scheduled to take place on 1 September 2016 and will become legally effective on the day it is entered into the court register. The merged bank will operate under the name Nova KBM d.d., with its head office being in Maribor. On the day of the merger, Poštna banka Slovenije will cease to exist as an independent legal entity, and all its obligations and rights will be transferred to Nova KBM, its legal successor, without this causing any disruption to customer service and without customers of Nova KBM and Poštna banka Slovenije being required to visit their respective bank as a result of changes arising from the merger. The merger will make it possible for Nova KBM to significantly strengthen its market presence and to regain its position as the second largest bank in Slovenia in terms of total assets, as indicated by the banking system data for the end of March 2016.
1
jun
Nova KBM and its group delivered a profitable performance in Q1 2016 and defended their market shares
For the first quarter of 2016, Nova KBM reported a net profit of €19.8 million, while the net profit of the Nova KBM Group hit €18.7 million. According to the unaudited report on the operations of Nova KBM and the Nova KBM Group for the first quarter of 2016, which was published today, Nova KBM registered an increase in its income compared to a year ago and managed to preserve its strong cost efficiency. In addition to expanding and upgrading its offerings, Nova KBM grew its market share in Slovenia in terms of total assets, while retaining its market share in customer loans and customer deposits, as well as its socially responsible role. The performance of the Nova KBM Group in the last two months was also favourable, reflecting its ongoing restructuring efforts, which are being undertaken in line with the adopted plan.
12
may
Fitch Ratings upgrades Nova KBM
Today, Fitch Ratings upgraded Nova KBM´s Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+', with the rating being assigned a stable outlook. The rating upgrade reflects the strong and profitable performance of Nova KBM in 2015, the reduction of its NPLs by almost a third, and an extended track record of its asset quality improvement.
![Sale of Nova KBM successfully Concludes]( "Sale of Nova KBM successfully Concludes")
21
apr
Sale of Nova KBM successfully Concludes
Today marked the completion of the process of the sale of the 100% shareholding of Nova KBM d.d. Funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) and European Bank for Reconstruction and Development (EBRD) fulfilled all requirements stated in the Sale and Purchase Agreement signed on 30 June 2015 and paid the purchase price in the sum of EUR 250 million. The process of the transfer of shares and the subscription for ownership interest has also been implemented. Nova KBM is now a private public limited company. The new owners, funds managed by affiliates of Apollo and EBRD, plan for the operations and management of the bank to be even more successful for the benefit of everybody who interacts with the bank.
21
apr
Sale of Nova KBM successfully Concludes
Today marked the completion of the process of the sale of the 100% shareholding of Nova KBM d.d. Funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) and European Bank for Reconstruction and Development (EBRD) fulfilled all requirements stated in the Sale and Purchase Agreement signed on 30 June 2015 and paid the purchase price in the sum of EUR 250 million. The process of the transfer of shares and the subscription for ownership interest has also been implemented. Nova KBM is now a private public limited company. The new owners, funds managed by affiliates of Apollo and EBRD, plan for the operations and management of the bank to be even more successful for the benefit of everybody who interacts with the bank.
