Slovenia's NKBM says faces cons loss from continuing operations in 2013

The impairment losses and provisions forecast to be incurred by the group in 2013 are expected to remain at an elevated level, but below the figure projected for 2012, NKBM said in a bourse filing issued after its supervisory board approved the business plan for the year ahead.

The total assets of the NKBM Group will reach approximately 5.35 billion euro ($7.01 billion) by the end of 2013, down approximately 1.7% on 2012.

Consolidated interest income is forecast to be approximately 227 million euro in 2013 with interest expenses at around 113.3 million, ensuring net interest income of 113.7 million euro, a decrease of about 2.4% relative to 2012. Net fees and commissions are projected to be approximately 58.3 million euro, up 0.2% on 2012.

The projected interest margin at group level, calculated as the ratio between net interest income and the average total assets, is forecast at 2.11% for 2013.

The group's parent bank is also projected to post a loss from continuing operations next year while its total assets will reach approximately 4.35 billion euro by the end of 2013, about 2.0% less than at the end of 2012.

($=0.7551 euro)