NLB Group

NLB Group
IndustryFinancial services
Founded1994; 30 years ago (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 €1,093.3 million (2023)[5]
Increase €550.7 million (2023)[5]
Total assetsIncrease €25.9 billion (2023)[5]
Number of employees
7,982 [6]
Websitewww.nlbgroup.si

NLB Group is the largest banking and financial group in Slovenia, with the core of its activity being in Southeast Europe.[7]

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.[8][9]

History

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Banking members of NLB Group cover 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,[10][11] 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[12] 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,[13] 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.[citation needed]

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 2 March, NLB officially bought the local unit of Sberbank, thus increasing its assets by approximately 1.0 billion euros.[14] In September 2023 operational merger of N Banka to NLB was successfully completed.[15]

In November 2023, NLB entered into an agreement to acquire a 100% shareholding in SLS HOLDCO, holdinška družba, the parent company of Summit Leasing Slovenija and its Croatian subsidiary, Mobil Leasing;[16] with transaction successfully completed in September 2024.[17]

NLB Group performed strongly in the full year 2023 with EUR 550.7 million of result after tax. The results enable NLB to significantly increase dividend payments to 40% pay-out ratio of previous years’ profit after tax, which in 2024 translates to EUR 220 million in dividends. This represents a 100% increase from dividend payments made in 2023.[5]

In the first quarter of 2024, NLB Group achieved EUR 140.0 million of result after tax;[18] while in the second quarter vivid lending dynamics, a stable and improving business environment in the South-eastern European (SEE) region where the Group operates, and strong operational trends led to EUR 152.0 million in Result After Tax, a 9% quarterly growth.[19]

See also

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References

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  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. ^ a b c d "NLB Group Ends 2023 on Strong Footing, Hikes 2024 Dividends to EUR 220 million and Continues to Act Proactively and Responsibly Towards All Stakeholders" (PDF). 22 February 2024. Retrieved 22 February 2024.
  6. ^ "NLB Group Annual Report 2023" (PDF).
  7. ^ "Nova Ljubljanska Banka d.d.: Private Company Information - Bloomberg". bloomberg.com. Retrieved 6 August 2017.
  8. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  9. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  10. ^ "NLB Group Companies".
  11. ^ "NLB zaključila prevzem srbske Komercijalne banke". www.sta.si. Retrieved 11 January 2021.
  12. ^ "Notice of the home Member State for the purpose of disclosing controlled information". 14 November 2018. Retrieved 15 November 2018 – via Ljubljana Stock Exchange.
  13. ^ "NLB zaključila prevzem srbske Komercijalne banke". 30 December 2020. Retrieved 12 April 2021.
  14. ^ "Slovenia's NLB acquires Sberbank Slovenia". www.seenews.com. Retrieved 2022-03-04.
  15. ^ "Ena banka, neskončno priložnosti - Operativna pripojitev N Banke d.d. k NLB d.d. uspešno zaključena". NLB.si (in Slovenian). Retrieved 2023-09-07.
  16. ^ "NLB prevzema družbo Summit Leasing (dopolnjeno)". NLB.si (in Slovenian).
  17. ^ "NLB z lizinškimi storitvami na hrvaški trg". NLB.si (in Slovenian). Retrieved 2024-09-17.
  18. ^ "NLB Group Delivers Solid Results in Q1 with EUR 140.0 Million of Result After Tax" (PDF). www.nlb.si. Retrieved 2024-05-15.
  19. ^ "In the Eventful Second Quarter, NLB Group Reaches EUR 152.0 Million in Result After Tax" (PDF). www.nlb.si.
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