Articles

Manage PermissionsManage Permissions
|
Version HistoryVersion History

BAMC’s strategic plan and recapitalization adopted

​In accordance with the Rules of Ljubljanska borza, d.d., Ljubljana, and applicable law, Družba za upravljanje terjatev bank, d.d. ("BAMC"), Davčna ulica 1, Ljubljana, hereby makes the following announcement:

During the session of 22 December 2016, the Government of the Republic of Slovenia, acting in the capacity of the BAMC General Meeting, passed a decision to subscribe 50 million EUR to increase the capital reserves of BAMC, thereby strengthening BAMC's capital structure. BAMC will use the newly-invested funds for early repayment of BAMC's financial liabilities, effectively decreasing the Republic of Slovenia's guarantee exposure and return the taxpayers' investment.

In addition to the 50 million EUR increase of capital reserves, the Government of the Republic of Slovenia, acting in the capacity of BAMC's General Meeting, also passed a decision on the simplified reduction of BAMC's registered share capital. The registered share capital is to be decreased from 208,235,000 EUR to 104,117,500 EUR, creating an additional capital reserve of 104,117,500 EUR. The capital reserves thus created shall be used to cover the losses from past periods.

The Government of the Republic of Slovenia also approved the BAMC Business Strategy for the 2016-2022 period. BAMC's mission and main strategic plans remain the same as in the previous strategy - to maximize the return on the taxpayers' investment into the rehabilitation of banks, intensive asset management and performing corporate restructuring in cases where this is economically justifiable.

BAMC Business strategy 2016-2022 with Business plan summary.pdf 

Attachments