REG - Nova Ljubljanska - 3rd Quarter Results

Nova Ljubljanska Banka dd LjubljanaAnnouncement

06/11/2025 10:15

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RNS Number : 4940G  Nova Ljubljanska Banka d.d.  06 November 2025

Nova Ljubljanska Banka d.d.

November 6, 2025

 

Delivering Profitable and Sustainable Growth, Coupled With Transformational
Strategic Investments for Future-proofing

 

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:

 

NLB Group showed robust performance in Q3 2025 with a result after tax of EUR
131.6 million on the back of very strong loan growth across all geographies
and client segments. With a YTD result after tax of EUR 406.0 million in the
first nine months, the Group continues to show consistent, high-quality
performance across all markets of its operations in South-eastern Europe
(SEE).

 

Total gross loans grew by 11% year-to-date, supported by favourable financing
conditions, and the Group's ongoing transformation of its sales model and
customer engagement approach. Growth was broad-based - in Slovenia, corporate
and state loans increased by 10% and retail loans by 8%, while in SEE markets
lending growth reached 13-14%, reflecting both macro tailwinds and improved
sales effectiveness.

 

The Group's topline remained resilient at a level of EUR 963 million in the
first nine months despite interest rates falling 150bps YoY thanks to
continued strong loan growth and deliberate reduction of NII sensitivity with
enhancement of long-term exposures. On the back of a stabilising rate
environment, net interest income grew by 2% quarter-on-quarter. Net fees and
commissions increased by a very solid 8% year-on-year, importantly driven by
growing our share of wallet in retail and specifically in asset management and
insurance distribution, in line with our strategic priorities.

 

Despite various current global macro headwinds affecting all of Europe, NLB
Group remains optimistic about delivery of our 2030 strategic ambitions of
reaching EUR 50 billion in Total Assets and EUR 1 billion in net-profit on the
basis of the inherent growth potential within our specific geographic
footprint which on average still shows about half the banking penetration
levels of the Eurozone. In particular, healthy wage growth and low
unemployment rates are continuing to support private spending, thus driving
strong retail loan expansion. Further public consumption is expected to remain
robust, and exports are projected to rebound with stronger demand from the EU.

 

"We maintain a positive outlook on our near-term financial performance, while
steadfastly focusing on mid- to long-term growth opportunities, whether driven
by external market dynamics or by initiatives within our own operation,"
emphasized NLB's CEO Blaž Brodnjak upon publication of the results. "Central
to our strategy is a commitment to our clients: by investing in digital
capabilities and reimagining end-to-end processes, we aim to deliver seamless,
meaningful experiences at every touchpoint. Embracing a digital-first business
model is not just about efficiency and productivity - it is about creating
lasting value for them and our stakeholders, and shaping the future of how we
connect, serve, and grow together."

 

The Chairman of the Supervisory Board Primož Karpe also commented on the
Group's results in the third quarter, stating: "The Supervisory Board
recognises the Group's solid foundational performance, which demonstrates that
even amidst an uncertain economic landscape the Group continues not only to
navigate challenges successfully, but also addresses its digital
transformation and growth ambitions. The latter remain the pinnacle of our
focus because alongside the robust growth of volumes across the existing
product categories, we are aware that the only way to increase the
speed-to-serve and decrease the cost-to-serve of our customers is to smartly
and relentlessly accelerate our digital and organisational innovation. That
requires investing into best practice tech stack and talent together with an
absolute focus on customer centricity and new client acquisition both across
our geographies and across our expanding services ecosystem."

 

Transformation of the operating model from product oriented to
customer-centric approach is therefore ongoing. The new client acquisition
efforts are driven by our elevated readiness to digitally transform our
processes and offerings and our service orientation. This shift leads to
increased share of clients' wallets and is seen by our efforts to expand and
invest into the ecosystem of adjacent banking services, such as asset
management, bancassurance and trade finance, leasing, payment rails, among
others.

 

Deliberate strategic investments in technology, AI, and people are driving
NLB's transformation into a faster, more efficient, and customer-centric
organization. These investments aim to increase speed to serve and reduce cost
to serve, while maintaining high customer satisfaction (transactional NPS
remains solid with upward trend across key products and markets). These
investments are the foundation of our long-term competitiveness, enabling
faster, more efficient, and more personalized client service.

 

The Group's balance sheet remains very robust, with sound portfolio quality
and growth of the funding base achieved without material increases in average
funding cost - a key competitive strength of our banking Group.

 

You may find key highlights of the NLB Groups' business operations in the
third quarter of 2025, Interim report, Investor presentation, and NLB Group's
Factsheet on the links below:

·    Key Highlights in the Third Quarter of 2025
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2025/q3/Q3_Key%20Highlights%20-%20ENG.pdf)

·    Interim Report
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2025/q3/NLB%20Group%20Interim%20Report%20January%20%E2%80%93%20September%202025.pdf)

·    Investor presentation
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2025/q3/NLB%20Group%20Presentation%20Q3%202025.pdf)

·    NLB Group Factsheet
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2025/q3/2025%2011%20NLB%20Group%20Factsheet%20Q3_Final.pdf)

 

You are Kindly Invited to Join the Q3 Earnings Call

 

We kindly invite all interested stakeholders to the presentation of the NLB
Group's Third Quarter 2025 results, hosted by the NLB Management Board. The
call will take place on Thursday, 6 November 2025, 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. However, 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)
.

 

This announcement will be available on the company's website (www.nlbgroup.com
(http://www.nlbgroup.com/) ) as of 6 November 2025.

 

 

Investor Relations

NLB d.d., Ljubljana

 

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