SID Bank - About SID Bank - General information

General information

Status

SID Bank, Inc., Ljubljana (Slovene: SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana; short: SID banka, d.d., Ljubljana) is the successor of Slovene Export Corporation, Inc., Ljubljana (Slovene: Slovenska izvozna družba, d.d., Ljubljana), which was founded on 22 October 1992 as a special private-law financial institution for export insurance and financing.

SID Bank operates as export-credit bank and as authorized Slovene export-credit agency (ECA), which provides non-marketable insurance and Interest Rate Equalization Programme (IREP) on behalf and for the account of the Republic of Slovenia.

At the end of 2006 the company acquired license of the Bank of Slovenia and was transformed to a specialized bank for promotion of export and development. 

On 28 July 2008 the General Meeting of Shareholders adopted a Decree on transfer of minority shareholders' shares to the majority shareholder (the Republic of Slovenia). The Decree on transfer of shares was entered in registry on 18 September 2008. The Republic of Slovenia has thus become the sole shareholder of SID Bank, consequently fulfilling the condition for the Slovene Export and Development Bank Act, which was adopted on 23 May 2008 by the National Assembly.

Capital

  • Share capital: 300,000,090.70 EUR
  • Number of ordinary registered no-par value shares: 3,121,741
  • Equity on 31 December 2010: 327.8 millions of EUR
  • Audited book value per share on 31 December 2010: 105.63 EUR.

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