Report
Matej Šimnic

Slovenian Weekly Regional Overview 11.2.2019 - 15.2.2019

Telekom Slovenija:

S&P Upholds BB+ Credit Rating for Telekom Slovenije, d. d. but place the company on the negative watch. The Standard & Poor’s Global Ratings agency upheld the existing BB+ rating for Telekom Slovenije, d.d., on 7 February 2019, placing it on credit watch negative. The agency based the negative outlook on the planned increase in investments, coupled with the fact that the company operates in a highly competitive market.

Triglav Group:

Triglav entering on Macedonian pension insurance market. The largest Slovenian insurer announced that they have submitted an application to establish a company for the management of mandatory and voluntary pension funds in Macedonia. According to the statement the decision is in line with long term strategic plans.

NLB:

NLB d.d., discloses new ECB capital requirements. NLB d.d. has received new decision establishing prudential requirement from ECB, which is applicable from 1st March 2019. Combined buffer requirement leads to overall capital requirement of 14.75%. As at 30 September 2018, NLB Group’s CET 1 ratio stood at 16.9%, which is above the new SREP requirement, while mid-term Total Capital Target is set at around 17%.

Provider
Alta Invest
Alta Invest

ALTA Invest, investicijske storitve, d.d., (ALTA Invest, investment services, Inc.) is a part of ALTA Group, the biggest financial non-banking group in Slovenia. ALTA Invest has around 28% market share on the domestic Ljubljana Stock Exchange and has more than EUR 95m of assets under management.

Our trading advantage is our execution of large trading blocks with low impact on the market. We offer trading on several platforms on numerous markets, with a wide variety of financial instruments. Our advantage is also a research department, which is both sell side and buy side and has the far most extensive and regular coverage of domestic companies. We cover 9 companies on Ljubljana Stock Exchange, which is around 90% of Mcap on LJSE – and here we are practically the only local broker providing this kind of extensive and regular coverage for Slovenian companies.

A part of ALTA Group are ALTA Skladi, a mutual fund asset management company with roughly EUR 260m of asset under management. ALTA Group is also extensively involved in corporate finance projects and raised considerable assets (fixed income and equity) in the last two years for several companies.

Analysts
Matej Šimnic

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