Slovenski državni holding d.d. has informed Abanka regarding the signing of an agreement on the sale of the Republic of Slovenia’s 100% participating interest in Abanka d.d. to the buyer Nova Kreditna banka Maribor d.d., which is owned by the international financial fund Apollo Global Management, LLC.
The signing of that agreement represents an opportunity for the bank’s growth and further development, and also means the successful completion of the restructuring programme that the bank began implementing when state aid was approved. The buyer will still have to obtain all requisite consents prior to the transfer of ownership.
Abanka is a highly liquid and capitally sound bank with stable operations. Transactions with customers will continue unhindered, as in the past.
The Management Board believes that sound ownership will provide the bank opportunities for growth, long-term stability and development.
This announcement will also be available on Ljubljanska borza d.d.’s website as of 21 June 2019, for a period of no less than five years.
Announcement of the Performance of Abanka d.d. in the First Quarter of 2019 Including the Consolidated Financial StatementsPublic Announcements
Abanka d.d. hereby publishes its performance results including the unaudited unconsolidated and consolidated financial statements for the first quarter of 2019 (PDF, 81.9 KB).
This announcement will also be available on the Ljubljana Stock Exchange website (SEOnet) as of 19 June 2019.
The announcement in the English language is for information purposes only.
Abanka generated a net profit of EUR 18.6 million in the first three months of 2019. In the first three months of 2019 in the extremely low interest rate environment, Abanka’s net interest income totalled EUR 15.1 million, which was 1.5% more compared to the Q1 2018. Compared to the corresponding period of 2018, net fee and commission income grew by 10.2% and they totalled EUR 10.3 million. The Bank continues to intensively streamline its operations, which compared to the respective period of 2018 resulted in 1.0% or EUR 0.2 million lower operating expenses, totalling EUR 15.6 million.
As at 31 March 2019, total assets of Abanka amounted to EUR 3,808.3 million, whilst its market share in terms of total assets stood at 9.6%. The Bank has high liquidity and a strong capital base, which is also confirmed by credit ratings assigned by international credit rating agencies.
In the first three months 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 12.7 million, whilst the share of non-performing loans decreased for 0.7 percentage point to 3.9% as at the reporting date.
In 2019, Abanka continues to implement optimisation processes of its operations and activities aimed at accelerating the digital transformation, while ensuring safe, stable and profitable operations of the Bank.
Management Board of Abanka d.d.
Ljubljana, 19 June 2019
Abanka d.d. hereby publishes the resolutions from the 48th regular meeting of its Supervisory Board held on 18 June 2019:
The bank’s Supervisory Board was briefed on the report on Abanka d.d.’s financial operations during the first three months of 2019 and on the report on the fulfilment of commitments to the European Commission as at 31 March 2019.
This announcement will also be available on Ljubljanska borza’s website as of 18 June 2019, for a period of no less than five years.
Management Board of Abanka d.d.