Business News

NKBM Plans Loss in 2013

Maribor, 19 December (STA) - The group around Slovenia's no. 2 bank, NKBM, expects its negative results to continue in 2013, especially due to write-downs and impairments, the bank's supervisors heard on Tuesday. The group's total assets at the end of next year are planned at some EUR 5.35bn, which is 1.7% less than the estimate for 2012.

Interest revenues are planned at EUR 227m and interest expenses at EUR 113.3m, putting net interest revenues at EUR 113.7m or 2.4% below the 2012 plans.

Total net commissions are expected to bring in around EUR 58.3m or 0.2% more than the estimates for 2012.

The total assets of the core bank are expected to decrease by 2% from this year's estimated EUR 4.35bn.

The bank plans net interest revenues of EUR 78.1m for 2013 and net commissions of EUR 40.9m.

In the light of the difficult situation on the market and the persisting economic and financial crisis, a new 2013-2016 strategy is being prepared for the bank and group, NBKM wrote in a press release on Wednesday.

As part of internal restructuring, the bank is to reduce the number of employees and is working to streamline organisation, introducing business models ensuring stability and trust.

NBKM's Core Tier 1 capital is to exceed 9% this month and the management will continue with measures for improving the bank's business, stability, efficiency and reputation, the release reads.

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