The solid financial results reported and effective risk management
reflects the Bank's and the Group's success in all
key areas of business. As part of the evolution of NLB a
new organisation structure has been implemented, which
reflects how the organisation will be shaped and focused
in the coming years. The structure consists of five centres,
a Governance centre and four Value Centres, each one led
by a member of the Management Board. On January 1,
2003, the following Centres come into being:
The Governance Centre includes Finance, Strategy and
Risk Management and is responsible for the Group's
strategic development including Human Resources development.
The Finance role includes accounts administration
and payroll, financial and management accouting
and investor relations. This centre is also responsible for
Group Risk Management and the overall Group strategy,
Company Secretary, Internal Audit and the Complience
Office. The Governance centre is headed by Marko Volj╦,
the Bank's President and Chief Executive Officer.
Treasury, Investment banking, Asset
Management and Group Investments Value Centre
This Centre is responsible for the Group's liquidity management,
investment banking and corporate finance,
asset management and management of the Group's capital
investment strategy. Andrej Hazabent, member of the
Management Board, leads this Centre.
Retail, Small and Medium Enterprises and Electronic
Banking Value Centre
The Retail and SME Centre is responsible for the profitable
marketing of the Group's products and services
through its extensive network and distribution channels
to the various segments of the personal and SME markets.
Pierre Van Keirsbilck, member of the Management Board,
leads this Centre.
Corporate Banking Value Centre
All of the Group's commercial banking and para banking
products are promoted through the Corporate Banking
Value Centre where the centre focuses on profitable
growth of key market segments in the corporate market.
The leader of this Centre is Matej Narat, member of the
International Banking, Information
Technology and Operations Value Centre
This Centre incorporates international banking, domestic
and international payments and business administation. It
is also responsible for IT management and legal affairs.
The Centre is headed by Borut Stani╦, member of the