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Impairments Cause Heavy Losses at NKBM

Maribor, 1 March - Slovenia's second-largest bank, NKBM, made a group net loss of EUR 53.66m in 2011, with the parent bank's net loss at EUR 59.63m due to higher then expected provisions and impairment losses.

Maribor
Dušan Jovanovič, the chief supervisor of NKBM, at a press conference on the bank's 2011 operating results.
Photo: Gregor Mlakar/STA

Maribor
NKBM chairman Andrej Plos presenting the 2011 business results of the bank.
Photo: Gregor Mlakar/STA

Maribor
NKBM chairman Andrej Plos presenting the 2011 business results of the bank.
Photo: Gregor Mlakar/STA

Maribor
NKBM chairman Andrej Plos presenting the 2011 business results of the bank.
Photo: Gregor Mlakar/STA

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© STA, 2012