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National Bank approved the Action Plan of Agrobanka

On the day of 14th February 2012, National Bank of Serbia endorsed the Action Plan of Agricultural Bank Agrobanka JSC Belgrade, drafted by the majority shareholders of the Bank. The Bank will implement the measures adopted by the Action Plan over the next six months, with possibility of extension for another 3 months.


XXXVI Extraordinary Session of the Assembly of Shareholders in Agrobanka JSC Belgrade Was Held

Today, XXXVI Extraordinary Session of the Assembly of Shareholders in Agrobanka JSC Belgrade was held in Belgrade.

At the session of the Assembly of Agrobanka, receivers Milorad Dzambic and Julije Miladinovic informed the shareholders about the measures which have been enforced in the Bank by the National Bank of Serbia. A decision was reached that, until the end of the month of January 2012, the new management, in cooperation with the major shareholders in the Bank, will make a proposal for the Plan of the Bank’s Activities for the next time period, which will be delivered to the National Bank of Serbia. The Assembly of Shareholders fully supported the work of the new management of Agrobanka JSC Belgrade. The new management of Agrobanka will regularly be reporting to the Assembly of Shareholders of Agrobanka JSC Belgrade as well as the National Bank and the Ministry of Finance of the Republic of Serbia on the bank’s business operations.


REPORT ON THE IMPORTANT EVENT OF AGROBANKA JSC BELGRADE “THE HOLDING OF XXXVI EXTRAORDINARY SESSION OF THE ASSEMBLY OF AGROBANKA JSC BELGRADE”

 

AGRICULTURAL BANK AGROBANKA JSC BELGRADE
Belgrade, 3-5 Sremska Street, Tel: (+38111)2021-000, Fax: (+38111)32-81-408, e-mail: pr@agrobanka.rs
 
On the basis of Article 64 of the Act on Securities Market And Other Financial Instruments (“The Official Gazette of the Republic of Serbia” Number 47/06) and Articles 6 and 7 of the Rulebook on the Contents and Manner of Reporting of a Public Company and Providing Information About the Possession of Shares With the Right of Vote (“The Official Gazette of the Republic of Serbia” Number 100/06, 116/06 and 37/09), Agricultural Bank Agrobanka JSC Belgrade hereby releases
 
 
REPORT
ON THE IMPORTANT EVENT OF AGROBANKA JSC BELGRADE
 
THE HOLDING OF XXXVI EXTRAORDINARY SESSION OF THE ASSEMBLY AGROBANKA JSC BELGRADE
 
 
By a decision of the competent administration organ as of the day of 6th January 2012, XXXVI Extraordinary Session of the Assembly of the Shareholders in Agrobanka JSC is convened to be held on the day of 13th January 2012, beginning at 13:00 hours; the Session will be held at the premises of Agrobanka JSC Belgrade, 3-5 Sremska Street, at the conference hall on Floor I, with the following
 
 
I
Agenda:

I/
Plan of activities of the bank in the first six months in the year 2012
II/
Miscellaneous

 
II
In accordance with Article 26 of the Statute of Agrobanka JSC and the Decision on the Convening of the Session of the Assembly of Agrobanka JSC, the right to take part in the work of the Assembly is entitled to those shareholders and representatives of the shareholders who possess at least 1,000 ordinary shares with the right of vote.
Those shareholders who do not possess 1,000 ordinary shares with the right of vote can, by means of an agreement in writing, associate with each other so as to appoint their shared representative at the Assembly, in that, together, they have at least 1,000 ordinary shares with the right of vote.
III
By the Decision on the Convening of the Session of the Assembly of Agrobanka JSC, the day of 31st December 2011 is determined to be the shareholder registration day, in compliance with the Certificate issued by the Central Register of Securities, which will be at a disposal to each and any shareholder with the right of vote at the Department of Investment Banking, Room 611, every weekday from 10:00 to 14:00 hours.
 
IV
The written invitation for the Session of the Assembly of Agrobanka JSC will be sent to those shareholders who possess at least 1,000 ordinary shares with the right of vote.
The other shareholders can deem this communication to be a public call for them to attend the Session.
 
    V
This report will be released on the Internet Presentation of Agrobanka JSC as well, www.agrobanka.rs, starting from the day of 8th January 2012, together with the form of the Agreement of Association.  
 
 
                                                                                                                        Milorad Džambić
 
                                                                                                                       Julije Miladinović

 


Communication Issued by the National Bank of Serbia’s Governor’s Office

In its communication issued by the Governor’s Office on the day of 29th December 2011, the National Bank of Serbia announced that receivership had been introduced in Agricultural Bank Agrobanka JSC Belgrade, by which the functions of the until-then members of the Managing and Executive Boards of the Bank were no longer exercisable, and Mr. Milorad Dzambic and Mr. Julije Miladinovic had been appointed official receivers.

The receivership has been introduced for the reason of finding out, during the control carried out over the business operations of Agrobanka, that the capital of the Bank does not match the level of the risk which the Bank has taken in its business operations so far. The same control has established the fact that the level of the Bank’s liquidity is satisfactory and above the required minimal level. 

The receivership is one of corrective measures which the National Bank of Serbia takes once it has established a fact that required conditions have been fulfilled and when it has assessed that a change in a bank’s management and governance will improve its financial position, i.e. protect deposits of citizens and the corporate sector.

The National Bank of Serbia highlights the fact that, after the introduction of the receivership, Agrobanka’s new management will enable the Bank to continue with its regular business operations and the provision of services to its clients.


Happy New Year and Merry Forthcoming Christmas Holidays

With a wish for you to be happy and healthy during the holidays and a wish for the year 2012 to be a successful one, we wish you a Happy New Year and Merry Forthcoming Christmas holidays!


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