REG - Nova Ljubljanska - Fourth Quarter 2024 and Full Year 2024 Unaudited

Nova Ljubljanska Banka dd LjubljanaAnnouncement

20/02/2025 12:45

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RNS Number : 9033X  Nova Ljubljanska Banka d.d.  20 February 2025

February 20, 2025

 

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

 

NLB Group Paves the Way to Achieving Strategic Ambitions with EUR 514.6
Million in Net Profit for 2024

 

 

Looking back at the 2024, it's clear that it has been yet another strong year
for NLB Group - one that will play a crucial role in shaping not only its
future, but also in the development of the Southeastern European region in
which the Group operates.

 

It was a year that, amongst others, marked the successful acquisitions of SLS
Group and Generali Investments AD Skopje, dynamic activity on regional
financial and international capital markets, several enhancements in clients'
user experience, a substantial dividend payout of EUR 220 million in two
tranches, and kicked off a new period in the Group's transformation with the
introduction of its new business strategy.

 

The financial year concluded with a strong profit after tax result at EUR
514.6 million, with pre-provision profit up a respectable 9% YoY (EUR 51.2
million). Profit after tax was, however, still down EUR 36.1 million or a 7%
decline compared to the previous year, which was positively influenced by the
booking of deferred tax assets (EUR 61.9 million) and negatively by the
booking of WHT (EUR 9.6 million), with 2024 also showing a moderate, but still
positive cost of risk of 14 bps (2023 still had a negative cost of risk).

 

You may find key highlights of the NLB Groups' business operations in the
fourth quarter and full year 2024, investor presentation and NLB Group
factsheet on the links below.

·      Key Highlights of the Q4 and the Full Year 2024
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2024/NLBGroup-Q4-Keyhighlights_final.pdf)

·      Investor Presentation
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2024/NLBGroup-Presentation-Q4FY2024-unauditedFINAL.pdf)

·      NLB Group Factsheet
(https://www.nlbgroup.com/content/dam/nlb/nlb-group/documents/investor-relations/financial-reports/2024/NLBGroup-Factsheet-Q4YE2024.pdf)

 

"Global economic development that held up well in the first half of the year,
albeit being more moderate later, nevertheless supported NLB Group's
performance. All our banking members in our home region of SEE strengthened
their market positions, with subsidiaries delivering solid net earnings and
contributing 58.2% to the Group's after-tax result. This further underscores
the importance of diversified operations - not only in banking but across the
broader financial sector, which ultimately remains a key pillar of the Group's
vision for the future," commented NLB's CEO Blaž Brodnjak upon publication of
the 2024 unaudited results. "NLB Group is firmly positioned for further growth
and development, continued delivery on shareholders' expectations - indeed, we
expect this year's dividend payout to reach 50% of 2024's profit - and the
ability to continue supporting all the markets, societies, and communities in
our home region where we operate," he added.

 

The Chairman of the Supervisory Board, Primož Karpe, reflecting on both past
and future periods of the Group's operations, added: "The Supervisory Board is
satisfied with the Group's strong baseline performance, exemplifying that even
in a dynamic environment, the Group maintains its resilience and prudence in
decision-making. Our operating model is future-oriented, focused on end-to-end
process optimisation and subsequent digitalization, allowing scalability,
understanding of technology and data, and the talent required to utilise it
productively, investing in it to help transform the bank. The end game is to
serve the clients better and with more tailor-made solutions, enhancing their
user experience. That said, we are confidently looking ahead towards our
communicated strategic ambitions and our ability to deliver on long-term
growth targets and the creation of lasting value for all stakeholders."

 

 

You are Kindly Invited to the Webcast Presentation

 

We kindly invite all interested stakeholders to the presentation of the NLB
Group's Fourth Quarter and Full Year 2024 results, hosted by the NLB
Management Board. The call will take place on Thursday, 20 February, 2025, at
16:00 CEST/15.00 UK and will be available at
https://www.nlbgroup.com/int-en/investor-relations/investor-relations-events
(https://www.nlbgroup.com/int-en/investor-relations/investor-relations-events)
.

 

Members of the Management Board will, as usual, receive and address your
questions live during the

webcast. 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 NLB d.d.'s website
(https://www.nlbgroup.com (https://www.nlbgroup.com) ) as of 20 February 2025.

 

Investor relations

NLB d.d., Ljubljana

 

 

 

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