REG - Nova Ljubljanska - NLB Group - 3rd Quarter Results

Nova Ljubljanska Banka dd LjubljanaAnnouncement

07/11/2024 11:30

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RNS Number : 3855L  Nova Ljubljanska Banka d.d.  07 November 2024

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
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.nlb.si%2Fnlb%2Fnlb-portal%2Feng%2Finvestor-relations%2Ffinancial-reports%2F2024%2Fnlb-group-q3-2024-key-highlights-eng.pdf&data=05%7C02%7C%7C72302a81697a4f8d2cc608dcff19645e%7C368e92b5dfa04bce95944c2e6fd2d1eb%7C0%7C0%7C638665731759888731%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=L18JLy5iuD%2B2qplrcNFvJZ01sgt6lgiHTLd91dFGuyI%3D&reserved=0)

·      Interim Report
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.nlb.si%2Fnlb%2Fnlb-portal%2Feng%2Finvestor-relations%2Ffinancial-reports%2F2024%2Fnlb-group-interim-report-for-the-first-nine-months-of-2024.pdf&data=05%7C02%7C%7C84891c688fa747240bd308dcff1b7665%7C368e92b5dfa04bce95944c2e6fd2d1eb%7C0%7C0%7C638665740640241413%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Aay%2Fu84eoVjOzZySsgx5WrdOfKb%2FBRYXRjRN8lBtc2k%3D&reserved=0)

·      Investor presentation
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.nlb.si%2Fnlb%2Fnlb-portal%2Feng%2Finvestor-relations%2Ffinancial-reports%2F2024%2Fnlb-group-presentation-q3-2024.pdf&data=05%7C02%7C%7C72302a81697a4f8d2cc608dcff19645e%7C368e92b5dfa04bce95944c2e6fd2d1eb%7C0%7C0%7C638665731759925195%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=isiaqsWGI7U3vHf20Dt0FqOHvC%2BhJZvt5I6LOVBqiLc%3D&reserved=0)

·      NLB Group Factsheet
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.nlb.si%2Fnlb%2Fnlb-portal%2Feng%2Finvestor-relations%2Ffinancial-reports%2F2024%2Ffinal_1-9-nlb-factsheet.pdf&data=05%7C02%7C%7C72302a81697a4f8d2cc608dcff19645e%7C368e92b5dfa04bce95944c2e6fd2d1eb%7C0%7C0%7C638665731759862648%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=77qbFqvMTQ%2FrUKHPlUrHUlkC1r23Ndx7WbEByNHegYk%3D&reserved=0)

 

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
(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
(file:///C:/Users/JaklicMa/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/DFM2UZ08/IR@nlb.si)
.

 

 

Investor Relations

NLB d.d., Ljubljana

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