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The NLB Group

Key Events

Key Events

2007

January:
  • Successful adoption of the Euro in Slovenia, and completion of project activities for the implementation of the Euro.
March:
  • Raise a syndicated loan of €850 million, which was the largest international loan ever given to a Slovenian bank, and the largest ever approved for a financial institution in the markets of Central and Eastern Europe.
  • “Co Lead Manager” in issuing 11-year Republic of Slovenia Eurobonds totaling €1 billion.
April:
  • Entry and capital investment in Kosovo with the purchase of Kasabank.
July:
  • Terms of three NLB Management Board members expire, new members appointed.
  • Start of NLB’s ongoing process of increasing its capital stake in three Slovenian banks, and continuing their merger.
  • Purchase of the Kosovo bank, BRK, and the start of its merger with Kasabank.
August:
  • Four members of the Supervisory Board resign, new members are appointed. Igor Marinšek becomes president of the NLB Supervisory Board.
September:
  • NLB successfully increased capital in the amount of €100 million.
October:
  • Increase of capital share in LHB Internationale Handelsbank.
  • Greater capital share in NLB Tutunska Banka by increasing capitalization.
  • Excluding minority shareholders from Slovenian subsidiaries.
November:
  • Fitch Ratings confirms the A- credit rating for the NLB Group.
  • Moody’s Investors Service upgrades the credit rating of the NLB Group from A2 to Aa3.
  • Raising a second syndicated loan in 2007 in the amount of €750 million despite the crisis in international financial markets.
December:
  • Enlarging the capital share in NLB Continental Banka by increasing capitalization and beginning the process of merging Serbian banks into the Group.
  • Increasing capital share in NLB Kasabank.

2008

January:
  • Merger of the Kosovo banks- NLB Kasabank, and NLB BRK- and the start of business operations by the newly created bank, NLB Prishtina.
  • Successful entry into the SEPA credit payment system and its favorable launch on January 28, 2008.
Februar:
  • “Lead Manager” in issuing 11-year Republic of Slovenia Eurobonds totaling €1 billion.
March:
  • Increase capital share in LHB Internationale Handelsbank.
April:
  • Rating agency Capital Intelligence upgrades the credit rating of the NLB Group from A to A+.
NLB Group
Annual Report 2007