Abanka Vipa d.d. hereby publishes the resolutions from the 23rd ordinary meeting of its supervisory board held on 12 December 2013:

The supervisory board approved the Abanka Vipa Group’s annual plan for 2014 (financial plan and business plan). The bank’s key strategic objectives remain the strengthening of its retail banking for households and SMEs, cost-effectiveness and streamlining, effective management of non-performing investments, and optimal asset-liability management. Major focus will also be placed on improving existing sales channels and introducing innovative channels, strengthening the partnership with Zavarovalnica Triglav, and optimally managing the subsidiaries while strengthening their competitiveness.

The supervisory board also approved the Abanka Vipa Group’s strategy for the 2013-2018 period, which was drawn up because of major changes in the economic and banking environment. The strategy outlines the vision of the Abanka Vipa Group, cites its key strategic policies, and gives financial projections with measures for achieving the strategic objectives. 

The supervisory board discussed and approved the report on Abanka’s financial operations during the first ten months of 2013.

The supervisory board also approved an increase in the nominal capital of its subsidiary, Argolina d.o.o., to EUR 5 million. Argolina d.o.o. is engaged in investment engineering at a location in Izola.

The supervisory board was briefed on activities in connection with the asset quality review and stress tests, the project of carrying out a capital increase at the bank, and the project of seeking capital links with other banks.

The supervisory board approved Abanka Vipa d.d.’s investment and trading strategies for 2014, including the organisation of a system of internal controls in the trading division and an outline of the internal audit department’s annual work plan in connection with the auditing of the trading division, and also approved the internal audit department’s plan for 2014.

The supervisory board discussed the comprehensive risk report for Abanka Vipa d.d and the report on the implementation of the internal capital adequacy assessment process as at 30 September 2013.

The supervisory board also discussed the proposed limits on large exposures at the bank, and issued the relevant approvals in accordance with Article 167 of the Banking Act. It was also briefed on large exposures on an individual and consolidated basis as at 30 September 2013 in accordance with Article 67 of the Banking Act, and on transactions concluded in the third quarter of 2013 with persons in a special relationship with the bank and/or the persons set out in Article 261 of the Companies Act.

The supervisory board was briefed on the projected schedule for its meetings in 2014.

This announcement will also be published on Abanka Vipa d.d.’s website as of 13 December 2013, and will be accessible for a period of no less than five years.

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

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