Business News

Kovacic Endorsed for Another Five-Year Term as NKBM Boss

Ljubljana, 23 December (STA) - The supervisory board of the Maribor-based NKBM bank endorsed on Wednesday the current chairman Matjaz Kovacic, whose term expires in May 2010, for another five-year term at the helm of Slovenia's second largest bank.

Kovacic was appointed chairman on 5 May 2005. He had previously served as management board member.

The supervisors also discussed the current operations and confirmed the business policy and financial plan of the bank and the group for the next year.

The group is projected to have total assets of EUR 5.954bn in 2010, with an operating profit of EUR 41.6m and EUR 34.8m in net profit.

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