REG - Nova Ljubljanska - NLB Group Achieves Record Business Results in 2022

Nova Ljubljanska Banka dd LjubljanaAnnouncement

23/02/2023 11:15

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RNS Number : 8697Q  Nova Ljubljanska Banka d.d.  23 February 2023

February 23, 2023

 

NLB Group Achieves Record Business Results in 2022

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana,
announces:

 

Despite the precarious circumstances, the shadow of war in Europe, the
resulting energy crisis, and the economic slowdown, 2022 was the best year in
the history of NLB Group. The Group reached many important business
milestones, and through responsible environmental and societal actions once
again confirmed its commitment and its contribution to a better quality of
life in South-eastern Europe, our home region.

 

These actions for example include both our commitment and adoption of
policies, such as United Nations Net Zero Banking Alliance or NLB Group Net
Zero Strategy, as well as tangible actions of our banking members and our
employees, for instance offering new sustainable products, reducing paper
consumption thereby saving 866 trees or planting more than 6000 new trees
throughout the region. We are proud that our efforts and our progress in the
field of sustainability were confirmed by our first ESG rating -
Sustainalytics rated NLB with an ESG Risk Rating of 17.7 and a low risk of
experiencing material financial impacts from ESG factors.

 

In 2022, NLB Group's result after tax amounted to EUR 446.9 million, with the
acquisition of N Banka in March significantly influencing the full-year
business results of the Group. Excluding the total contribution from N Banka,
net profit grew by 11% and reached EUR 262.8 million. We ended the year with a
strong capital position, as the total capital ratio of 19.2% gives us
confidence and optionalities to pursue future growth ambitions. We will
continue to create added value for our shareholders, live up to expectations
of our clients, employees, and the public, as well as seize all opportunities
in front of us.

 

You may find key highlights of the NLB Groups' business operations in 2022 and
Investor presentation on the links below.

 

Key Highlights in 2022
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2022/unaudited_results_2022-ang_keyhigh.pdf)

 

Investor presentation
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/financial-reports/2022/fy2022-unaudited_final_22022022.pdf)

 

 

"While the past year has been extremely turbulent for Europe, it presented yet
another opportunity for banks in NLB Group to prove their systemically
important role in society," emphasized NLB's CEO Blaž Brodnjak as the
unaudited 2022 results were published. He explained: "Following the
uncertainties, challenges, and consequences brought on by the war in Ukraine,
all our member banks have contributed their share to the stabilisation of the
banking industry and regional economy. Later on, the Group's banks in various
markets also stepped up in times of the instability of the energy sectors and
by providing much-needed liquidity contributed to the successful mastering of
this challenge, as well. All this came on top of the Group's regular business
objectives of growth in all key segments. It is therefore not without pride
that we emphasize: in 2022, NLB has generated the highest profit after tax in
history of any Slovenia-based business."

 

The Supervisory Board is also pleased with the performance of NLB Group in the
past year, with its Chairman Primož Karpe highlighting new opportunities for
creating added value the Group addressed in 2022. "We estimate that, on the
one hand, new opportunities for growth come from additional leveraging of
synergies within the group on the back of an increased investments into
digitalisation, and on the other hand by the expansion of certain activities.
An example of the first is the NLB DigIT competence centre the Group
established in Belgrade in order to keep and build on its digital leadership
position in the region; and an example of the second is an expansion of
leasing activities to two additional markets," he explained. "Such business
decisions are made strategically and based on a strict adherence to the
principles of risk and profitability, all with the aim of creating additional
value for stakeholders," he added.

 

 

Kindly invited to join webcast presentation

 

We kindly invite all interested stakeholders to the presentation of the NLB
Group 2022 Unaudited business results. The webcast hosted by the Management
Board of NLB will take place on Thursday, February 23, 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) . We invite you to register upfront.

 

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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