Press Releases

  • Abanka d.d. hereby publishes the Unaudited Interim Report of the Abanka Group for the first half of 2019 (pdf, 1.01 MB).

    This announcement will also be available on the Ljubljana Stock Exchange website (SEOnet) as of 4 September 2019 for a period of no less than 10 years.

    The announcement in the English language is for information purposes only.

    Abanka generated a net profit of EUR 26.2 million in the first six months of 2019. In the extremely low interest rate environment, Abanka’s net interest income amounted to EUR 29.8 million and net fee and commission income to EUR 20.3 million. The Bank continues to intensively streamline its operations, which compared with the respective period of 2018 resulted in 2.5% or EUR 0.8 million lower operating expenses, totalling EUR 32.8 million.

    As at 30 June 2019, Abanka’s total assets amounted to EUR 3.8 billion, whilst its market share in terms of total assets stood at 9.4%. The Bank has high liquidity and a strong capital base, which is also reflected in the liquidity and capital ratios. As at the reporting date, Abanka’s total capital ratio stood at 23.2%.

    In the first half of 2019, the Abanka Group continued to actively reduce the non-performing loans. In the reporting period, the non-performing loans of the Abanka Group by the EBA definition went down by EUR 15.0 million, whilst the share of non-performing loans decreased for 0.6 percentage point to 4.0% as at the reporting date. 

    The Bank’s financial stability and strength are confirmed by international credit rating agencies. On 27 June 2019, the international rating agency Fitch Ratings increased Abanka’s outlook from stable to positive. It also affirmed its “BB+” Long-Term Issuer Default Rating, “bb+” Viability Rating and “B” Short-Term Issuer Default Rating. On 12 July 2019, Moody's Investors Service published the unchanged Long-Term Issuer Default Rating of “Baa2” with a positive outlook.

    In the second half of 2019, the Bank continued with the optimisation of its operations and with the implementation of activities related to digitalisation, while ensuring safe, stable and profitable operations.

     

    Management Board of Abanka d.d.

    Ljubljana, 4 September 2019

  • Abanka d.d. hereby publishes the resolutions from the 49th regular meeting of its Supervisory Board held on 3 September 2019:

    The Supervisory Board was briefed on the report on Abanka d.d.’s financial operations during the first half of 2019, and on the unaudited report of the Abanka Group for the first half of 2019. The Supervisory Board was also briefed on the report as at 30 June 2019 on the fulfilment of commitments to the European Commission, and confirmed the agenda and resolutions for the General Meeting of Shareholders, which will be held on 19 September 2019.

    This announcement will also be available on Ljubljanska borza’s website as of 3 September 2019, for a period of no less than five years.

     

    Management Board of Abanka d.d.