Shareholders Endorse the Acquisition of UBK Banka to SKB Banka

Ljubljana, 24 November - BANKS/SKB/UBK
The shareholders of SKB banka passed the report on the operations of the bank in the first nine months of 1998 at the 7th general meeting on Tuesday, and the proposal of the management board with the opinion of the supervisory board that the undistributed profit for 1997 amounting to US$ 1.581 billion, and the revaluation correction of the undistributed profit amounting to SIT 100 million, are to be reallocated in the general reservations of the bank. The general meeting passed the decision on the acquisition of UBK banka to SKB banka.

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