19 June 2012
34th regular meeting of the Supervisory Board of the NLB
On 19 June the Supervisory Board of NLB d.d. met at its 34th regular meeting at which it was informed, among other, of the progress of activities related to the increase in the Bank's capital (to be decided on by the shareholders at the General Meeting of the Bank) and the measures to improve its capital adequacy.
The Supervisory Board also acknowledged the measures for improving the capital position of the NLB Group, so as to meet the regulators' requirements. As it is known, the plan is to issue a hybrid instrument, the so-called Coco (Contingent Convertible) bonds, which give the owners some more time to reach an agreement on a permanent solution, i.e. capital increase.
At the meeting, the Supervisory Board also acknowledged the implementation of activities related to gradual closing of the banking operations of LHB Internationale Handelsbank AG which are planned to be completed by returning the banking licence.
Afterwards, the Supervisory Board issued its approval to certain Bank's operations, as required. As usually, it also acknowledged the reports of the Committees of the Supervisory Board and the current recommendations of the Bank of Slovenia.
NLB, Investor Relations