REG - Nova Ljubljanska - 1st Quarter Results

Nova Ljubljanska Banka dd LjubljanaAnnouncement

11/05/2023 11:15

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RNS Number : 1159Z  Nova Ljubljanska Banka d.d.  11 May 2023

NLB Group accompanies stable Q1 business results with a large-scale regional
donation

 

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 beginning of 2023 brought quite a few challenges to the banking sector.
Tighter global liquidity on the back of higher global interest rates has taken
its toll in the form of increased stress levels in the US regional banking
sector and has spilled over into Europe with the further consolidation of
Switzerland's banking sector. Despite the global banking sector tremor,
however, NLB Group performed strongly in the first quarter, with a strong
emphasis on prudent risk management.

 

The Group achieved EUR 120.1 million in profit after tax in the first quarter,
a growth of 74% QoQ. Profit after tax in the first quarter was 46% lower than
in first quarter of 2022 due to the negative goodwill coming from the
acquisition of N Banka.

 

You may find key highlights of the NLB Groups' business operations in Q1 2023,
Interim Report and Investor presentation on the links below.

 

·    Key Highlights in Q1 2023
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/key-highlights-1q-2023.pdf)

·    Interim Report
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/nlb-group-interim-report-q1-2023-eng.pdf)

·    Investor presentation
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/q12023-final.pdf)

 

"It seems that in recent years we were almost unable to avoid mentioning this
or that crisis when commenting on business results, whether it was brought on
by an epidemic, the outbreak of war, inflationary pressures, or - as is the
case now - the challenge of an unstable global financial environment. However,
it is a measure of an enterprise in seeing how it addresses these trials. And
NLB Group has been addressing them with persistence - the persistence to
innovate in the field of digital solutions and products, as well as in the
field of middle and back-office processes, the persistence to step out of the
'doing business as usual' mentality, and the persistence in the digging deeper
into the AI-driven data science, which is why the Supervisory Board is
satisfied with the results and fully trusts in the future success of NLB and
the NLB Group," commented its Chairman Primož Karpe.

 

His thoughts were echoed by NLB's CEO Blaž Brodnjak, who expressed the
Management Board's satisfaction with the business results of the Group in the
first three months of the year. Above all however, he pointed out the
important role that banking members of the NLB Group once again played in all
the markets, offering services and stability both to households and
businesses. To continue on this path, NLB Group will accompany good business
results with a large-scale regional donation, he announced.

 

"We would like to take this opportunity to announce another strong donation of
the NLB Group on all the markets of our operations in our home region. Namely,
in the following weeks, our employees from all our banking members will
suggest and then also select various recipients of donations in the total
amount of EUR 1.35 million. This time our colleagues will route our support to
people in need, ones with social, health or other handicaps. We are humbled
that we can thus contribute to societies in our home region, and above all, we
are proud that our employees are key drivers of these activities," he said.

 

Kindly invited to join webcast presentation

 

We kindly invite all interested stakeholders to the presentation of the NLB
Group Interim Results Q1 2023, hosted by the Management Board of NLB, that
will take place on Thursday, May 11, 2023, at 16:00 CEST/14.00 GMT and will be
available here: https://www.nlb.si/ir-events (https://www.nlb.si/ir-events) .
 

 

Members of the Management Board will, as usual, receive and address your
questions live during the webcast, however, if you already know what you wish
to ask them, you may submit your questions now. If you register for the event,
you will be able to send them via web app, or you may simply send them to the
email address IR@nlb.si (mailto:IR@nlb.si)

 

Investor Relations

NLB d.d., Ljubljana

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