NLB Group
IndustryFinancial services
Founded1994 (1994)
Headquarters
Ljubljana
,
Slovenia
Area served
South Eastern Europe
Key people
Management Board of NLB d.d.[1][2][3][4]
  • Blaž Brodnjak (CEO)
  • Antonio Argir
  • Andreas Burkhardt
  • Archibald Kremser
  • Andrej Lasič
  • Hedvika Usenik
ProductsRetail banking, commercial banking, investment, private banking, asset management, insurance,
Increase €798.5 million (2022)[5]
Increase €446.9 million (2022)[6]
Total assetsIncrease €24,1 billion (2022)[7]
Number of employees
8,228 [8]
Websitewww.nlbgroup.si

NLB Group is the largest banking and financial group in Slovenia, with the core of its activity being in Southeast Europe.[9]

NLB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[10][11]

History

Founded in 1994, the bank now covers markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka, NLB Banka Podgorica,[12][13] several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down.

NLB d.d. is as of 14 November 2018 a publicly listed company[14] owned by a diversified investor base and whose largest shareholder is the Republic of Slovenia with a 25% plus one share. With the acquisition of the Serbian Komercijalna banka in December 2020,[15] the Group further strengthened its strategic and systemic position in the region and now holds a top 3 position in six out of seven markets where it has a banking presence.

In March 2022, the EU unit of Sberbank went into insolvency due to the EU sanctions in reaction to the 2022 Russian invasion of Ukraine and the Single Resolution Board decided to transfer all shares of the Sberbank's Slovenian subsidiary, later renamed to N Banka, to NLB. On the 2 March, NLB officially bought the local unit of Sberbank, thus increasing its assets by approximately 1.0 billion euros.[16] In September 2023 operational merger of N Banka to NLB was successfully completed.[17]

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.[18]

NLB Group achieved EUR 120.1 million in profit after tax in the first quarter of 2023, a growth of 74% QoQ. Profit after tax in the first quarter was 46% lower than in first quarter of 2022 due to the negative goodwill coming from the acquisition of N Banka.[19] In the second quarter of 2023 the Group achieved EUR 122.6 million in profit after tax, a 2% growth rate compared to the first quarter of 2023.[20] The moderate QoQ growth was primarily the result of lower release of impairments and provisions for credit risk and higher income tax related to dividends received from NLB Group members.The Group achieved EUR 144.2 million in profit after tax in the third quarter of 2023, a growth of 18% QoQ.[21]

See also

References

  1. ↑ "Združenje bank Slovenije - Members". Retrieved 25 February 2022.
  2. ↑ "Management of the Bank". Retrieved 6 August 2017.
  3. ↑ "Skupina NLB v devetih mesecih z rahlo višjim dobičkom". Retrieved 21 February 2020.
  4. ↑ "Supervisory Board of NLB d.d. and Petr Brunclík, COO, agree on the termination of office". Retrieved 12 July 2021.
  5. ↑ "NNLB Group: Another strong quarter with EUR 69.1 million of Profit after Tax contributes to record business results of in 2022. Improved guidance for 2023 and an ambitious outlook for 2025" (PDF).
  6. ↑ "NLB Group: Another strong quarter with EUR 69.1 million of Profit after Tax contributes to record business results of in 2022. Improved guidance for 2023 and an ambitious outlook for 2025" (PDF).
  7. ↑ "Creating Better Footprints. For Today. NLB Group Annual Report 2022" (PDF).
  8. ↑ "NLB Group: Another strong quarter with EUR 69.1 million of Profit after Tax contributes to record business results of in 2022. Improved guidance for 2023 and an ambitious outlook for 2025" (PDF).
  9. ↑ "Nova Ljubljanska Banka d.d.: Private Company Information - Bloomberg". bloomberg.com. Retrieved 6 August 2017.
  10. ↑ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  11. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  12. ↑ "NLB Group Companies".
  13. ↑ "NLB zaključila prevzem srbske Komercijalne banke". www.sta.si. Retrieved 11 January 2021.
  14. ↑ "Notice of the home Member State for the purpose of disclosing controlled information". 14 November 2018. Retrieved 15 November 2018 – via Ljubljana Stock Exchange.
  15. ↑ "NLB zaključila prevzem srbske Komercijalne banke". 30 December 2020. Retrieved 12 April 2021.
  16. ↑ "Slovenia's NLB acquires Sberbank Slovenia". www.seenews.com. Retrieved 2022-03-04.
  17. ↑ "Ena banka, neskončno priložnosti - Operativna pripojitev N Banke d.d. k NLB d.d. uspešno zaključena". NLB.si (in Slovenian). Retrieved 2023-09-07.
  18. ↑ "NLB Group: Another strong quarter with EUR 69.1 million of Profit after Tax contributes to record business results of in 2022. Improved guidance for 2023 and an ambitious outlook for 2025" (PDF). 23 February 2023. Retrieved 23 February 2023.
  19. ↑ "NLB Group: The first quarter of 2023's EUR 120.1 million of Profit after Tax sets a positive tone for the full year and leads to the upward revision for the 2023 guidance" (PDF). 11 May 2023. Retrieved 12 May 2023.
  20. ↑ "After a strong second quarter, NLB Group confidently enters the rest of the year and continues with its decisive support to the society" (PDF). 10 August 2023. Retrieved 10 August 2023.
  21. ↑ "NLB Group Continues to Perform Strongly in Q3, Thus Increasing its Capacity for Responsible Decisions and Operations" (PDF). 9 November 2023. Retrieved 10 November 2023.
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