Prime Market is the top equity market on LJSE. It lists prime Slovene companies, which meet the requisite quantitative, liquidity and disclosure criteria, such as reporting under the International Financial Reporting Standards and simultaneous provision of public announcements in both Slovene and English.
OTP banka had committed to comply with stringent reporting standards imposed on listed joint stock companies as soon as December 2007 by listing on the LJSE Standard Market, while it currently meets all Prime Market criteria as well. Said President of the LJSE Management Board, Andrej Šketa: »Its listing on the Prime Market and commitment to comply with higher and internationally comparable standards shows that OTP banka is fully aware of the value of its openness toward shareholders and investors as well as of maintaining quality IR.« He added that the listing of Slovenia's second largest bank on the Prime Market is an important event for the Ljubljana Stock Exchange, as it will add to the offer of top quality companies listed on Slovenia's regulated capital market.
On 12,000 shareholders, OTP banka is still Slovenia's company with the largest number of shareholders, while its listed share has been among the most liquid ones ever since its initial listing. Its Prime Market status reaffirms the position of OTP banka and the Group both in Slovenia and abroad. »Prime Market listing is an important strategic landmark in enforcing the bank's strategy, as it will additionally reinforce the confidence of domestic as well as international investors and ensure better conditions for the progress and development of both the bank and the Group, « President of the NKBM Management Board, Matjaž Kovačič, told the press.
One of the key facts with most investor appeal is the bank's and the entire OTP banka Group's market position. The Group consists of 13 companies and is Slovenia's leading financial services group. Member of the Management Board, Manja Skernišak, emphasised: »OTP banka will continue to focus on retail banking as well as doing business with small and mid-size companies, with which we will upgrade our financial partnership. We intend to strengthen our position in the future, chiefly by achieving synergy in the development and marketing of services of all Group companies.«
OTP banka shares were initially listed under ticker symbol KBMR in December 2007, and have been among the most liquid listed shares ever since, with an average of 17,380 shares changing hands per day (approx. EUR 0.16 million in 2009). The market capitalisation of Nova KMB as at 29 May 2009 was EUR 274 million.
Ljubljana Stock Exchange
Nova Kreditna banka Maribor, d. d.
