Date: 7 November 2024
NLB
Group's Strong Performance Continued in the Third Quarter, Adding
EUR 135.5 Million to the Result After Tax
Pursuant to the Rules of the
Ljubljana Stock Exchange and Article 158 of the Market Financial
Instruments Act, relating to the Article 17 of the Regulation (EU)
No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana,
announces:
The third quarter of 2024 has
added EUR
135.5 million to NLB Group's EUR 427.5 million profit after tax in
the first nine months of this year.
The Group continues to grow by 8% organic loan growth YtD and adds
another leg to the growth potential with the acquisition of SLS
Group, including its leasing subsidiaries in Slovenia (Summit
Leasing Slovenija, Ljubljana) and Croatia (Mobil Leasing, Zagreb),
successfully completed in September.
Leasing however is not the only
pillar with growing importance within NLB Group, as asset
management and bancassurance services also continue to gain
momentum. Yet, even more important in both, the result contribution
and the impact, are Group's banking members from South-eastern
European (SEE) markets, with all banks recording healthy profits
and positively contributing 57% to the Group's overall
result.
Successful capital market activity in
the first half of the year has also allowed for the unhindered
evolution of the NLB Group to one of the
regional financial powerhouses. The
profits of all banks increased YoY, supported by strong loan growth
and fee origination.
"Both, our business results in the
last three months with SEE markets gaining momentum, as well as
broader economic developments, indicate what we at the NLB Group
have been aware of for some time now: changes are on the horizon.
However, in the NLB Group we not only keep up with them - we often
drive some of the trends," commented NLB's CEO Blaž
Brodnjak upon publication of the
results. "While continuing to safeguard the financial welfare of
the Group and economies of our home region by prudent risk
management and strategic investments, our focus in the upcoming
period will be on enhancing our customers' user experience across
all channels, ensuring best possible support, products and
solutions in housing, asset management and bancassurance, combined
by increased digital penetration, thereby providing our clients and
broader economy in the region with a comprehensive financial and
transactional support. All this is securing a very solid foundation
for eventual more turbulent times," he added.
The
chairman of the Supervisory Board, Primož Karpe
also reflected on the upcoming period and the
challenges it brings, expressing the Board's confidence in the
Group's plans and vision. "At the Supervisory Board, our mindset
strongly supports the Group's future strategy in a way that unlocks
shareholder value. The transition of the banking model is an
undisputed fact of the present and the future, and the Board is
confident that NLB Group will make it happen."
You may find key highlights of the
NLB Groups' business operations in the third quarter, Interim
report, Investor presentation and NLB Group Factsheet on the links
below.
·
Key Highlights in the Third Quarter 2024
·
Interim Report
·
Investor presentation
·
NLB Group Factsheet
You
are Kindly Invited to the Webcast Presentation
We kindly invite all interested
stakeholders to the presentation of the NLB Group's Third Quarter
2024 results, hosted by the NLB Management Board. The call will
take place on Thursday, 7 November, 2024, at 16:00 CEST/15.00
UK and will be available at
https://www.nlb.si/ir-events.
Members of the Management Board
will, as usual, receive and address your questions live during
the
webcast. If you already know what
you wish to ask them, you may submit your questions in advance. If
you register for the event, you will be able to send them via the
web app, or you may simply send them to the email address
IR@nlb.si.
Investor Relations
NLB d.d., Ljubljana