Zavarovalnica Maribor Remains Slovenian

Published: December 11, 2012; 22:46 · (Vindobona)

The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.

Zavarovalnica Maribor Remains Slovenian / Picture: © Nova KBM

Due to the difficult financial situation, the Slovenian Bank NKBM (Nova Kreditna Banka Maribor) sells its 51% share in ZM. NKBM has do downsize in order to reduce its risky assets. The core capital quota has to increase from 7.0% to 9.0% until the end of the year. The size of risky assets came at more than € 900m at the end of September. In the first nine months, losses totaled almost…

This article includes a total of 252 words.

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