TIDMNLB
RNS Number : 9732S
Nova Ljubljanska Banka d.d.
09 November 2023
November 9, 2023 Nova Ljubljanska Banka
NLB Group Continues to Perform Strongly in Q3, Thus Increasing
its Capacity for Responsible Decisions and Operations
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 ....
In a fragile operating environment with escalating geopolitical
tensions, volatile financial conditions, and environmental hazards,
an organisation's business model resilience remains one of the key
distinguishing factors among the market participants. NLB Group is
proud to report that its business results in the first nine months
of 2023 fully confirm this ambition has been met .
The Group achieved EUR 144.2 million in profit after tax in the
third quarter of 2023 , a growth of 18% QoQ, providing the Bank and
the Group with comfortable buffers to remain a responsible and
trustworthy counterparty for all stakeholders - as it has been so
many times before.
You may find key highlights of the NLB Groups' business
operations in Q3 2023, Interim Report and Investor presentation on
the links below.
-- Key Highlights in Q3 2023
-- Interim Report
-- Investor presentation
The outlooks for NLB Group for 2023 and 2025 are therefore
slightly improved to better reflect the expected performance of the
NLB Group in the current environment, which also factors in all of
the envisaged regulatory measures. We believe that such transparent
communication with all stakeholders sets us apart from many other
business entities and helps us build relationships on honesty and
trust.
"The strengthened trust of our clients and other stakeholders is
one of the achievements that we have really been proud of,
especially in these days, when we mark the fifth anniversary of the
listing of NLB's shares on the Ljubljana Stock Exchange and GDRs on
the main market of the London Stock Exchange. It is far from being
the only one, though," emphasized NLB's CEO Bla Brodnjak upon the
publication of the results. "When we look at the development of
overall performance of NLB and NLB Group over the past five years,
we can genuinely celebrate it, " he added, listing a couple of them
to illustrate: growth of business and talent pool , successfully
acquiring and merging Komercijalna Banka, Beograd and Komercijalna
Banka, Podgorica, as well as N Banka to NLB Group; expanding
leasing operations in as many as three markets etc. And we have
achieved all of this while providing clients with reliable and
contemporary banking services and solutions , whenever and wherever
they need them, and added value to shareholders . He stressed
further: "Ever since the listing five years ago, investors drew a
total return of more than 93%, comprised of almost 45% valuation
appreciation and a 48% dividend return. Moreover, the second
tranche of this year's dividend scheduled for payment in December
will additionally increase shareholders' total return, and thus
exceed our expectations at the time of the IPO."
"Above all, however, we are proud - and continuously motivated -
by the responsible approach to business and all other actions our
Group has undertaken in our ever more connected home region, be it
with intensively intertwining sustainability into all our
operations, responding preventively and proactively to health and
economic challenges such as the COVID pandemic, the continuous
decisive support of sports and culture, or compassionate
humanitarian donations to various organisations, individuals and
communities, such as, for instance, during the recent floods in
Slovenia," added NLB's CEO. He also emphasized that: "NLB Group
will continue creating better footprints, responding proactively
and supportively to help our clients and economies face any
challenges, whether they are the result of unpredictable natural or
unfavourable economic circumstances. Furthermore, we will also,
together with our partners, continue pointing out any systemic
decisions that could negatively affect the strength and prosperity
of the economy or impairing social or governance pillars of a
sustainable development of our society."
Chairman of the Supervisory Board of NLB Primo Karpe also
reflected on the past five years of NLB and NLB Group, highlighting
above all its vast progress in corporate and strategic management.
"The achievements of the Group demonstrate that its focus in the
SEE region and its markets is the right one. It is based on a
serious consideration of the Group's capabilities and strengths on
the one hand, and the opportunities presented to it on the other.
However, NLB, its subsidiaries, and other value creating companies
of the Group are on the brink of a new strategically important
period, which will be marked by a new business strategy that is
already being developed and will be presented to stakeholders next
year," he said.
Invitation to the Webcast Presentation
We kindly invite all interested stakeholders to the Third
Quarter 2023 Financial Results Earnings Call, hosted by the
Management Board of NLB, that will take place on Thursday, November
9, 2023, at 16:00 CET/15.00 GMT and will be available here:
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 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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
QRTFKLFBXFLXFBE
(END) Dow Jones Newswires
November 09, 2023 06:45 ET (11:45 GMT)
Nova Ljubljanska banka d... (LSE:NLB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Nova Ljubljanska banka d... (LSE:NLB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024