Research Detail
| 2024/04/09 / Erste Group Research |
Nova Kreditna banka Maribor d.d. Nova KBM is the second-largest bank in Slovenia with total assets of EUR 10.8bn (group level) as of 31 December 2023. In February 2023 Nova KBM was purchased by the Hungarian OTP Group. A merger with SKB banka, which is also owned by the OTP Group, is planned for later this year. Nova KBM Group reported net profit of EUR 203.8mn in 2023, up 92% compared to 2022. Key driver for this significant increase was net interest income, which increased by 89% to EUR 336.4mn. Moody’s assigns an issuer rating of 'A3' with a stable outlook to Nova KBM. The issuer rating assigned by Fitch stands at 'BBB-' with a positive outlook. |
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General information
| Author | Erste Group Research |
| Date | 2024/04/09 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria, Slovenia |
| Currency in focus | Euro |
| Sector in focus | - |
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