At today's meeting, Supervisory Board members adopted the 2009 Annual Report of the Bank and the Group. In spite of unfavourable financial market conditions, the Bank and the Group performed well and delivered good results for 2009.
Pursuant to the agenda of today’s meeting, the Supervisory Board discussed materials for the Shareholders' Meeting of the Bank and took note of Bank's current operations.
Matjaž Kovačič, President of the Management Board, said at this occasion, »In spite of continuing unstable economic and financial conditions, the Bank and the OTP banka Group perform well. The results of OTP banka for the first quarter of this year are thus fully in compliance with our ambitious business plan«.
Supervisory Board members also gave their consent to the revised business strategy of the Bank and the OTP banka Group for the period 2010 – 2013 which was formulated by the Management Board at the end of last year and which considers changed local and global financial market conditions.
As Matjaž Kovačič stated, »By 2013, the Group will moderately strengthen its position in all of its divisions. The key strategic objectives shall remain unchanged. We will continue to stimulate and, at the same time, formalise the divisional organisation that ensures vertical and horizontal coordination, aiming at greater and more transparent integration of the Group«.
In accordance with the financial calendar, the detailed information about the performance of OTP banka in the first quarter of 2010 as well as the 2009 audited Annual Report of the OTP banka Group will be published on the web-portal SeoNet on Friday, 30 April, before the start of trading on the Ljubljana Stock Exchange.
