NLB

AGM Information • Aug 5, 2016

Category: General Meeting info

Published on: SEOnet

Published at:  04.08.2016 11:51

Published document ID: GM-216/16

GM-213/16

NLB, d. d., Ljubljana

27th regular General Meeting of the NLB

Today, on 4 August 2016, the 27th General Meeting of Shareholders of NLB d.d. was held, at which the rights of the Republic of Slovenia as the only shareholder of the Bank were represented by Slovenski državni holding, d.d. (SDH). The General Meeting acknowledged the Annual Report for 2015 and decided on the use of distributable profit for 2015 - EUR 43.8 million shall be allocated to the Bank’s only shareholder (namely EUR 2.194 per share). They granted discharge for the business year 2015 to the Management Board and the Supervisory Board of NLB d.d. and approved the appointment of 4 new members of the Supervisory Board of NLB d.d.

Following the resignation of three members of the Supervisory Board, the latter has functioned without interruption with six members since April 2016. In cooperation with SDH, they actively searched for new candidates for the members of the Supervisory Board. In the process conducted in accordance with the legal requirements and internal documents, the Bank prepared the Fit&Proper assessments for the selected candidates. Pursuant to the provisions of the ZBan-2, the Supervisory Board of the NLB informed both regulators, i.e. the ECB and the BS of the assessment. The suitability of the candidates has also been checked by the accreditation committee of SDH, also in personal interviews with the candidates. Since the Supervisory Board of NLB d.d. acknowledged the resignation of the member of the Supervisory Board Tit A. Erker at yesterday’s correspondence meeting, and agreed to the shortening of the notice period, so that his term of office was terminated EOB yesterday, four substitute members were appointed at today’s General Meeting.

NLB d.d. now has a full nine-member Supervisory Board, as stipulated by the Articles of Association. It is composed of: the Chairman Primož Karpe, the Deputy Chair of the Supervisory Board Sergeja Slapničar, PhD, and the members Uroš Ivanc, Andreas Klingen, Laszlo Urban, PhD, Alexander Bayr, David Kastelic, David Eric Simon and Matjaž Titan.

The Chairman of the Supervisory Board Primož Karpe said that: “with today’s appointment, we obtained an exceptionally qualified team of domestic and foreign experts in different areas. After successfully filling in the positions of the Management Board, we now finally have a full nine-member Supervisory Board, as stipulated by the Articles of Association of the Bank. As of today, the NLB has appropriate corporate governance structure, which is essential for the imminent privatisation, together with good performance and reduced volume of non-performing loans.”

Presentation of the newly-appointed members of the Supervisory Board of NLB d.d.

Matjaž Titan

holds the University Degree in Law and the professional title “univerzitetni diplomirani pravnik" and has served as the Head of Legal Affairs Department at KDD, d.d., for many years, having thus obtained his professional experience and knowledge in the operation of financial markets and clearing mechanisms. He has worked as an advisor to several banks, including in the IPO process of NKBM. He currently works for the Bank of Slovenia, within the scope of the National User Group for the integration of the Slovene capital markets into T28. He was the director of Licet and the member of the Supervisory Board of Daj Dam and works as an arbitrator for the Slovene Investment Fund Association.

David Kastelic

holds the University Degree in Mechanical Engineering and the Master’s Degree in Marketing. By 1998, he was employed at Philip Morris International, Slovenia, and since then, his professional career has been linked to Zavarovalnica Maribor. He has hold several managerial positions at the above mentioned insurance company for last 12 years, currently he holds the position of the President of the Management Board. He has obtained his leadership skills by working as the Member of the Management Board of Sava osiguranje, Serbia, as the Member of the Management Board of Tabak in Macedonia and as the President of the Supervisory Board of Velebit Životno osiguranje. Currently, he also holds the position of the Vice-President of FC Maribor, he is the Member of the Supervisory Board of Nuclear Insurance And Reinsurance Pool and is the Honorary Consul of the Republic of Brazil to Slovenia.

Alexander Bayr

holds the University Degree in Economics and has long-standing experience in trade and banking sectors. He currently works as the Director of Sales at BAWAG in Vienna. He has held several functions during his career, particularly executive functions at various banks in several European countries (Slovakia, Austria, Slovenia). He was the President of the Management Board of Bawag Slovenia and the member of the Slovak-Austrian Chamber of Commerce.  

David Eric Simon

holds the University Degree in Economics and has long-standing experience in banking, financial operations and corporate governance. His work experience includes financial restructuring services (CSO Bank) and independent banking advisory services (Morgan Grenfell, PwC). He is the Member of the Supervisory Board of Czeck Aerospace Industries. He held executive functions in American Express Bank, Byblos Bank and Commercial Bank of Kuwait, and worked as an independent advisor of USAID and EBRD in regard to the development of the banking system in the Central and Eastern Europe. He currently holds the function of the President of the Supervisory Board of Jihlavan a.s..

This announcement will be available on the Bank's website (www.nlb.si) as of 4.8.2016.

NLB d.d., Ljubljana

Investor Relations

Date: 05.08.2016