The chairman of Slovenia's largest bank, Marko Voljč, tendered his resignation to the NLB supervisory board. After being at the top of Nova Ljubljanska banka (NLB) for 11 years, Voljč will step down on January 31 2004, whereupon he will assume a post in the banking group KBC, a 34% owner of NLB, as director general for Central Europe responsible for coordinating activities in banking, insurance and controlling. Explaining his move, Voljč said he assumes his part of the responsibility for the problems that accompanied the modernisation of NLB's IT system this year. A commission was appointed by the NLB supervisory board to find candidates to replace Voljč. Unofficially, the chair of the Slovenian Export Corporation, Marjan Kramar, has already been suggested as Voljč's most likely successor. Kramar was a member of the NLB supervisory board between 1997 and 2002. Reviewing the independent report into the IT troubles, compiled by international consulting company Accenture, the supervisors were told that the selection of the Sigma platform was suitable. Problems arose in the implementation of the system's functions and the migration of data. Supervisory board chair Anton Žunič said that optimally, the project would have cost the bank EUR 50m, but the number already stands at EUR 73m, not including the investments of its subsidiaries.