17.6.2008 —
Bankart ends the year 2007 recording profit
At today's General Meeting in Austria Trend Hotel in Ljubljana, the shareholders among other acknowledged the Annual Report of Bankart for 2007, appointed the certified auditor for auditing its 2008 accounting statements, granted discharge from liability to the CEO and the members of the Supervisory Board, adopted the changes to the Articles of Association and approved the development and financial pan for 2008.
Bankart’s operations are and will be active also in the area of the introduction of the Single Euro Payment Area – SEPA, since the company has established the SEPA infrastructure for small payments, which will enable the users of payment systems to effect and receive euro-denominated payments in banks regardless of the country of the originator or receiver. The payments will always be effected under equal basic conditions, rights and obligations and business practices. Information technology projects are focused on the establishment of technical conditions for improving the quality and reliability of the company’s operations also in extraordinary situations or in the case of significant increase of the volume of transactions.
In its Annual Report, Bankart disclosed good performance. Generated profit facilitates adequate growth and development of the company and its capital structure in compliance with the requirements of the Bank of Slovenia, which functions as the regulator for the company Bankart as payment transaction administrator. Investments, mainly projects, represent 20% of total income of the company and they increased compared to investments carried out in the previous year.
After ten years of successful operations of the company, the shareholders of Bankart adopted significant amendments to the Articles of Association due to the changes dictated by market developments, which relate in particularly to the updating of the description of the company’s activity, determination of its cash assets in euros and the terms of office of the members of the Supervisory Board and the possibility to appoint adequate working bodies (committees, commissions, boards) for the needs of carrying out individual tasks within the CEO’s competence.
