 | |
| Industry | Financial services |
|---|---|
| Founded | 1994; 31 years ago (1994) |
| Headquarters | , Slovenia |
Area served | South Eastern Europe |
Key people | Management Board of NLB d.d.[1][2][3][4]
|
| Products | Retail banking,commercial banking,investment,private banking,asset management,insurance |
 €1,093.3 million(2023)[5] | |
| €550.7 million(2023)[5] | |
| Total assets | €25.9 billion(2023)[5] |
Number of employees | 7,982[6] |
| Website | www |
NLB Group is the largest banking and financial group inSlovenia, with the core of its activity being inSoutheast Europe.[7]
NLB has been designated as a Significant Institution since the entry into force ofEuropean Banking Supervision in late 2014, and as a consequence is directly supervised by theEuropean Central Bank.[8][9]
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 SerbianKomercijalna 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 ofSberbank went into insolvency due to the EU sanctions in reaction to the2022 Russian invasion of Ukraine and theSingle 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]
NLB Group concluded the financial year 2024 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). When publishing 2024 unaudited results, Group announced that shareholder returns will remain a priority, with the expected 50% dividend pay-outs in 2025, out of 2024’s profit.[18]
