Key events

2012

February:

• Robert Kleindienst, member of NLB’s Management Board, resigned.
• The financial magazine Euromoney presented an award to NLB for the best comprehensive range of private banking services in Slovenia.

March:

• NLB received an award from the financial magazine Global Finance as the best Slovenian bank in 2012 for the fifteenth time in succession.
• NLB received the Trusted Brand award for most trustworthy company in the banking category for the sixth time in succession in 2012.

April:

• The rating agency Moody’s downgraded NLB to “Ba2”.

May:

• NLB Leasing Maribor and NLB Leasing Koper were merged with NLB Leasing Ljubljana.

June:

• The sitting members of NLB’s Supervisory Board were recalled and new members appointed.
• NLB’s capital was increased by more than EUR 500 million with the raising of a hybrid loan from the Republic of Slovenia in the amount of EUR 320 million, through the issue of new shares in the amount of EUR 61 million and through the repurchase of the Bank’s existing subordinated instruments.

July:

• The rating agency Moody’s downgraded NLB to “B2”.
• NLB received a decision from the EC on the initiation of the procedure to secure state aid.

Avgust:

• The rating agency Fitch downgraded NLB to “BBB-”.
• NLB received an award from Deutsche Bank for the third consecutive year for excellence in straight through processing in the execution of commercial payment to the aforementioned bank.
• The voluntary liquidation of NLB Penzija was completed.

September:

• Janko Medja was appointed new President of NLB’s Management Board.
• Blaž Brodnjak was appointed new member of NLB’s Management Board.

October:

• Klemen Vidic was appointed new Chairman of NLB’s Supervisory Board.

December:

• An agreement was concluded on the sale of KBC’s 22% participating interest in NLB, resulting in the Belgian bank’s complete withdrawal from the ownership structure of NLB.
• LHB Internationale Handelsbank returned its banking license and was renamed LHB. The company’s activity was changed to the management of own assets.
• Sitting members of NLB’s Supervisory Board resigned and new members appointed.
• Nima Motazed was appointed as new member of NLB’s Management Board.
• Guy Snoeks, member of NLB’s Management Board, resigned.

2013

February:

• Share capital increased in NLB resulting from hybrid loan conversion into shares.

March:

• The rating agency Moody’s downgraded NLB to “Caa2”.

April:

• The rating agency Fitch downgraded NLB to “BB-”.