Annual Report: - Gorenjska banka

About the Gorenjska banka group
Composition of the group
In addition to Gorenjska banka, d. d., Kranj, the Gorenjska Banka Group (hereinafter: the Group)
comprises the following two subsidiaries: Imobilia-GBK, d. o. o., Kranj and Gorenjski glas, d. o. o., Kranj
and the associated company, Skupna pokojninska družba, d. d., Ljubljana. In 2010 and 2011, there
were no changes in the composition of the group.
The table below illustrates Gorenjska banka, d. d., Kranj's equity holdings in subsidiaries and
associated companies and the nominal amounts of these holdings as at 31 December 2011.
Company Equity holdings (in %) Nominal amounts (in thousands of EUR)
Imobilia-GBK, d. o. o., Kranj 100 13
Gorenjski glas, d. o. o., Kranj 82.0542 476
Skupna pokojninska družba, d. d., Ljubljana 26.0269 3,807
Gorenjska banka, d. d., Kranj is associated company of Sava, d. d., Kranj.
About the Bank
Gorenjska banka, d. d., Kranj is an independent public limited company with its registered office at
Bleiweisova cesta 1, Kranj.
The Bank's roots stretch back to the 19th century, when organised banking was first established
in the Gorenjska region. On 25 March 1955, the first municipal bank in the Gorenjska region was
established in Kranj, followed by banks in Škofja Loka, and the following year in Radovljica, Tržič and
Bled. Over time, a single bank emerged, which was included in the Ljubljanska banka system in 1972,
initially as a branch, and as a public limited company in the system of Ljubljanska banka subsidiary
banks as of 27 December 1989.
The process of separation from the Ljubljanska banka system began in 1994 with the purchase of
shares of Gorenjska banka, d. d., Kranj held by Nova Ljubljanska banka, d. d., Ljubljana. The process
was completed in June 1996, when the Bank withdrew these shares.
The Bank has an authorisation to perform banking services pursuant to Article 7 of the Banking Act
(Official Gazette of the Republic of Slovenia, No. 99/10 – official consolidated text; hereinafter: the
ZBan-1). Banking services are the acceptance of deposits from the public and the granting of credits
for its own account.
The bank has authorisation to provide mutually recognised financial services.
The bank may provide the following mutually recognised financial services, pursuant to Article 10 of
the ZBan-1:
1. acceptance of deposits;
2. granting of credits, including: consumer and mortgage loans, the purchase of receivables with or
without recourse (factoring) and the financing of commercial transactions, including export
financing based on a discounted purchase without recourse of non-current, undue receivables
collateralised with a financial instrument (forfeiting);
3. payment services;
4. issuance and management of other payment instruments (i.e. travellers' cheques and bankers'
drafts) in the part in which this service is not included in service of former point 3.;
5. issuance of guarantees and other commitments;
6. trading for own account or for account of customers in: money market instruments, foreign
exchange, including exchange transactions, financial futures and options, exchange and interestrate
derivatives and transferable securities;
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Gorenjska banka, d. d., Kranj
Annual Report 2011
Management Report