ABANKA d.d., Ljubljana
47th regular meeting of Abanka d.d.’s Supervisory Board
Abanka d.d. hereby publishes the resolutions from the 47th regular meeting of its Supervisory Board held on 16 April 2019:
The Supervisory Board confirmed the audited annual report of Abanka d.d. for 2018.
Abanka generated a net profit of EUR 66.7 million in 2018. The optimisation of operations continued in 2018, and was reflected in the simplification and acceleration of business processes, and in operating costs, which were down by 2.4% or EUR 1.8 million in 2018 relative to 2017. In accordance with its strategy to reduce non-performing exposures, the bank continued its active approach to lowering the proportion of non-performing loans. That proportion was down by 5.6 percentage points at the Abanka Group level to stand at 4.6% in 2018 through the sale of non-performing claims.
Excellent operating results, the bank’s sound capital position, a high level of liquidity and a significant reduction in non-performing loans also affected the bank’s credit rating, as the international ratings agency Moody's Investors Service upgraded Abanka to ‘investment grade’ in 2018.
We updated the bank’s business strategy in 2018, and are implementing the activities set out in our digital transformation strategy at an accelerated pace. We constantly strive to improve customer satisfaction and create new market opportunities, which is in line with our vision to become the number one bank of choice for customers, employees and investors. Accelerated digital transformation is also one of the bank’s strategic programmes, as our aim is to offer services that are tailored to our customers’ needs, simple to use and accessible anytime, anywhere. We are aware that satisfied customers are the basis for the long-term success of the bank’s operations.
The Supervisory Board approved the agenda and proposed resolutions for the 39th General Meeting of Abanka d.d., which will be held on 16 May 2019, and appointed Nada Mertik to serve as member of the Management Board, effective 1 July 2019 or following the receipt of the requisite authorisation from the regulator.
This announcement will also be available on Abanka’s website as of 17 April 2019, for a period of no less than five years.
Management Board of Abanka d.d.