REG - Nova Ljubljanska - 3rd Quarter Results

Nova Ljubljanska Banka dd LjubljanaAnnouncement

09/11/2023 11:45

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RNS Number : 9732S  Nova Ljubljanska Banka d.d.  09 November 2023

November 9, 2023 Nova Ljubljanska Banka

NLB Group Continues to Perform Strongly in Q3, Thus Increasing its Capacity
for Responsible Decisions and Operations

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 ….

In a fragile operating environment with escalating geopolitical tensions,
volatile financial conditions, and environmental hazards, an organisation's
business model resilience remains one of the key distinguishing factors among
the market participants. NLB Group is proud to report that its business
results in the first nine months of 2023 fully confirm this ambition has been
met.

The Group achieved EUR 144.2 million in profit after tax in the third quarter
of 2023, a growth of 18% QoQ, providing the Bank and the Group with
comfortable buffers to remain a responsible and trustworthy counterparty for
all stakeholders - as it has been so many times before.

You may find key highlights of the NLB Groups' business operations in Q3 2023,
Interim Report and Investor presentation on the links below.

•    Key Highlights in Q3 2023
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/key-highlights-nlb-q3-2023-results-publication.pdf)

•    Interim Report
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/nlb-group-interim-report-q3-2023-.pdf)

•    Investor presentation
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2023/nlb-group-presentation-q32023.pdf)

The outlooks for NLB Group for 2023 and 2025 are therefore slightly improved
to better reflect the expected performance of the NLB Group in the current
environment, which also factors in all of the envisaged regulatory measures.
We believe that such transparent communication with all stakeholders sets us
apart from many other business entities and helps us build relationships on
honesty and trust.

"The strengthened trust of our clients and other stakeholders is one of the
achievements that we have really been proud of, especially in these days, when
we mark the fifth anniversary of the listing of NLB's shares on the Ljubljana
Stock Exchange and GDRs on the main market of the London Stock Exchange. It is
far from being the only one, though," emphasized NLB's CEO Blaž Brodnjak upon
the publication of the results. "When we look at the development of overall
performance of NLB and NLB Group over the past five years, we can genuinely
celebrate it," he added, listing a couple of them to illustrate: growth of
business and talent pool, successfully acquiring and merging Komercijalna
Banka, Beograd and Komercijalna Banka, Podgorica, as well as N Banka to NLB
Group; expanding leasing operations in as many as three markets etc. And we
have achieved all of this while providing clients with reliable and
contemporary banking services and solutions, whenever and wherever they need
them, and added value to shareholders. He stressed further: "Ever since the
listing five years ago, investors drew a total return of more than 93%,
comprised of almost 45% valuation appreciation and a 48% dividend return.
Moreover, the second tranche of this year's dividend scheduled for payment in
December will additionally increase shareholders' total return, and thus
exceed our expectations at the time of the IPO."

"Above all, however, we are proud - and continuously motivated - by the
responsible approach to business and all other actions our Group has
undertaken in our ever more connected home region, be it with intensively
intertwining sustainability into all our operations, responding preventively
and proactively to health and economic challenges such as the COVID pandemic,
the continuous decisive support of sports and culture, or compassionate
humanitarian donations to various organisations, individuals and communities,
such as, for instance, during the recent floods in Slovenia," added NLB's CEO.
He also emphasized that: "NLB Group will continue creating better footprints,
responding proactively and supportively to help our clients and economies face
any challenges, whether they are the result of unpredictable natural or
unfavourable economic circumstances. Furthermore, we will also, together with
our partners, continue pointing out any systemic decisions that could
negatively affect the strength and prosperity of the economy or impairing
social or governance pillars of a sustainable development of our society."

Chairman of the Supervisory Board of NLB Primož Karpe also reflected on the
past five years of NLB and NLB Group, highlighting above all its vast progress
in corporate and strategic management. "The achievements of the Group
demonstrate that its focus in the SEE region and its markets is the right one.
It is based on a serious consideration of the Group's capabilities and
strengths on the one hand, and the opportunities presented to it on the other.
However, NLB, its subsidiaries, and other value creating companies of the
Group are on the brink of a new strategically important period, which will be
marked by a new business strategy that is already being developed and will be
presented to stakeholders next year," he said.

Invitation to the Webcast Presentation

We kindly invite all interested stakeholders to the Third Quarter 2023
Financial Results Earnings Call, hosted by the Management Board of NLB, that
will take place on Thursday, November 9, 2023, at 16:00 CET/15.00 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) .

 

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