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About the companyBasic Company Information
The company is registered at the Ljubljana Court company registry under listing number 1/20856/00 with base capital of SIT 160,000,000.00.
Company History The Medvešek Pušnik Stock brokerage house Inc. was founded on 18 January 1993 under the name Mibex Portfolio Inc.. It became a member of Ljubljana Stock Exchange on 1 February of the same year. The company was established as a joint-venture of companies Mibex Ltd. (a member of Ljubljana Stock Exchange since 1991) and Portfolio Ltd.(management of security portfolios since 1992). Early in 1994 the joint company changed its name in accordance with the new integral image and replaced it with the current name, combined fromits founders’ las names. Company Bussines Activities The main business activities of the company are:
Private banking still remains the company’s primary activity – in simple terms this means management of funds entrusted to us by our clients. Within this scope of our operations we mediate in brokerage transactions for both our clients’ and our own account, on both Slovenian and global markets. A portfolio of securities and bank deposits is created from financial assets entrusted to us by clients and its structure is modified on our judgment when we believe the timing is most favourable. Securities portfolio management has advantages over bank saving accounts in higher anticipated yields associated with it. As with a bank savings account, investors may at any given time liquidate his assets partially or completely. With approximately 20% market share, we are Slovenia’s leading private banking company. We strive to use our knowledge and experience to achieve capital gains both for our clients and ourselves. We buy securities which our analysis indicates to be undervalued and sell them when we asses they are overvalued. Investment consulting incorporates advising clients with purchases and/or sales of securities and is free of charge to our clients. These activities also include advising clients about issuing securities, which is, by law, chargeable in dependence of respective deal. Brokerage House Clients We constantly stay a step ahead of competition with the help of our knowledge, professionalism and success. The proof of our successful business operations is an exceptional growth in number of our clients who trust us with their investments and perform carry out business with our brokerage house.
Market position The following table presents market shares achieved by Medvešek Pušnik in securities trading and client wealth management per individual years. The presented market shares have been calculated with consideration of all brokerage companies and banks in Slovenia.
In terms of trading, as the above table shows, Medvešek Pušnik has persistently been amongst the top brokerage companies in Slovenia. The fact that there were 62 stock exchange members in 1993, while there were only 26 left in June 2006 indicates how harsh the competition actually is. The company has maintained its position of being the leading manager of individual security portfolios since 1994. The security portfolios managed by us are distinguished mainly by a high safety level and yield stability, these two distinctive features form the basis of the brokerage house development strategy. In November 2002 the company commenced its business operations on foreign stock exchanges. Hence, our turnover further increased, which is strategic advantage over competing companies. Consequently, we recorded extremely high foreign trading volumes during a time of extremely low local stock exchange turnover. This means, that a comparison amongst Ljubljana Stock Exchange members in terms of their reductions in turnover loses is less relevant to our company. |
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