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NLB Holds First General Meeting after Last Year's Rehabilitation

The Nova Ljubljanska Banka (NLB) bank held Monday its first annual general meeting after the bank was rehabilitated last year. Almost all NLB shareholders (93.86 percent) attended the general meeting and approved the 1998 business plan. In addition, several decisions were taken; it was agreed that last year's profit would be allocated for the reserve fund. Out of the NLB profit of SIT 6.23 billion made in 1997, SIT 3.549 billion will be earmarked for dividends and the rest for the reserve fund, according to representatives of NLB.

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© STA, 1998