REG - Nova Ljubljanska - S&P upgrades NLB’s credit rating to BBB+

Nova Ljubljanska Banka dd LjubljanaAnnouncement

18/06/2025 16:00

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RNS Number : 4401N  Nova Ljubljanska Banka d.d.  18 June 2025

Nova Ljubljanska Banka d.d.

June 18, 2025

 

S&P upgrades NLB's credit rating to BBB+

 
Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the
Market in Financial Instruments Act, relating to the Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana
announces:

Rating agency Standard and Poor's raised NLB's long-term issuer credit rating
by one notch to BBB+ from BBB with stable outlook, based on financial
outperformance and strong strategic execution. "The upgrade reflects our view
that NLB outperforms peer banks with a 'bbb-' stand-alone credit profile
(SACP) thanks to its persistent strong financial performance and the leading
deposit franchise in its core markets," noted the agency.

 

Citing reasons for upgrading NLB's credit rating, Standard and Poor's listed
NLB's commitment to Strategy 2030, which foresees expansion in SEE, business
model diversification, and the upgrade of operating model, aimed to double
balance sheet and after-tax profits by 2030.

 

The stable outlook reflects agency's view that NLB will maintain a robust
balance sheet and solid financial performance over the next 12-24 months while
continuing to deliver on Strategy. "Despite high balance sheet growth in
recent years, NLB maintained sound capitalization and its solid funding
franchise" wrote Standard and Poor's.

 

"This upgrade by S&P represents a strong external endorsement of NLB's
consistent execution and strategic focus as the regional and domestic banking
champion over the past few years and has brought us closer to the rating of
our home sovereign (Republic of Slovenia, rated AA)," commented NLB's CFO
Archibald Kremser. "It reflects the Group's solid and sustained profitability,
prudent risk management, and proactive efforts to strengthening the balance
sheet and funding structure. NLB maintains proactive dialogues with all major
rating agencies as part of our ongoing efforts to improve our ratings, in line
with the Group's ambitious growth plans and related capital market funding
needs," he added.

 

This announcement will be available on the company's website (www.nlbgroup.com
(http://www.nlbgroup.com/) ) as of 18 June 2025.

 

Investor Relations

NLB d.d., Ljubljana

 

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