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Fund Information / Factsheet • Feb 21, 2025
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Fund Information / Factsheet
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NLB Group Factsheet
Emerging market banking group, regulated by ECB, with great potential for growth in its home region.
Profile
NLB Group is the leading banking and financial group with headquarters and an exclusive strategic interest in our home region – Southeast Europe.
In addition to NLB d.d., a main entity in Slovenia and a public company, NLB Group is comprised of six subsidiary banks and several companies for ancillary services. The Group utilises a universal banking model and supports its clients through retail, corporate, and investment banking services. On five out of seven markets where the Group operates, the market share of member banks exceeds 10% (measured by total assets).
Strategic priorities
- • Continuously create value for our shareholders.
- • Deliver cost efficient modern banking solutions through digitalization and innovation.
- • Be a responsible and sustainable business.
- • Connect every part of the region with banking solutions that will help improve the quality of life.
- • Actively manage customer journey to increase profitability and customer satisfaction.
- • Engage, motivate and develop a talented and diverse team.
31.12. 2024
31.12. 2023
31.12. 2019 31.12. 2020 31.12. 2021 31.12. 2022 2019 2020 2021 2022 2023 45.9% 3.83% 3.47% 2.36% 1.78% 1.48% 1.60% 2024
1-12 key financials and outlook
| KPI 1-12 2023 1-12 2024 Outlook 2025 Regular Income 1,108.2 million 1,245.7 million ~ EUR 1,200 million Cost of Risk -7 bps 14 bps 30-50 bps CIR(ii) 45.9% 45.7% ~ 48% |
Outlook 2026 > EUR 1,300 million |
|---|---|
| 30-50 bps | |
| Below 48% | |
| Loan Growth 5% YTD 12% YTD High single-digit |
High single-digit |
| Dividends EUR 110 million EUR 220 million 50% of 2024 profit |
50% - 60% of 2025 profit |
| ROE a.t. 21.0% 16.5% ~ 15% |
~ 15% |
| ROE Normalised(i) 29.3% 25.5% > 20% |
> 20% |
(i) ROE normalised = result a.t. divided by average risk-adjusted capital. Average risk-adjusted capital is calculated as a Tier 1 requirement of average RWA reduced for minority shareholder capital contribution. (ii) Tax on balance sheet excluded from the calculation for the year 2024.
Listings Ljubljana Stock Exchange Ordinary shares NLBR London Stock Exchange GDRs 5 GDRs = 1 ordinary share NLB Share information (31.12.2024) EUR Number of shares 20,000,000 Market capitalization 2,550 million Earnings per share (TTM) 25.7 Book value per share 157.1 Dividend yield 8.6%* *Based on 31.12.2024 closing share price.
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1-12 2024
Issued securities
| in EUR millions | |||||
|---|---|---|---|---|---|
| Type Ticker | Issue Date |
Maturity Interest | Rate | Nominal Value |
|
| AT1 | NLB28 | 23.9.2022 Perpetual | 9.721% | 82 | |
| T2 | NOVALJ 3.4 | 5.2.2020 | 5.2.2030 | 3.40% | 120 (As of 26.1.2024; 10.5) |
| T2 | NOVALJ 10 3/4 28.11.2022 | 28.11.2032 | 10.75% | 225 | |
| T2 | NOVALJ 6 7/8 | 24.1.2024 | 24.1.2034 6.875% | 300 | |
| SP | NOVALJ 7 1/8 | 27.6.2023 | 27.6.2027 | 7.125% | 500 |
| SP | NOVALJ 4 1/2 | 29.5.2024 29.5.2030 | 4.50% | 500 |
Total Outstanding: 1,617.5
Credit Rating NLB 31.12.2024 Outlook Standard & Poor's BBB Stable Moody's A3 Positive
Shareholder Structure (31.12.2024)
Management board
Blaž Brodnjak, CEO Archibald Kremser, CFO Andreas Burkhardt, CRO Andrej Lasič, CMO (Corporate & IB) Hedvika Usenik, CMO (Retail & Pvt. Banking) Antonio Argir, Payments & Innovation
This is our home. A region of opportunities. Here are our families, friends, co-workers, neighbours, sportsmen we root for, innkeepers who know how we take our coffee … Here are our thoughts and our hearts. That's why we can see what this region is capable of firsthand and recognize the potential when nobody else does. We want to take care of our home to the fullest we can and thus improve the quality of life in this region. Because where others see just a spot on the map, we see a region of opportunities.
Blaž Brodnjak, CEO of NLB Group
NLB Group is the 1st Bank Headquartered in SEE to commit to Net-Zero Portfolio Targets
NLB Group is starting its net-zero portfolio journey with four sectors
- • Power Generation
- • Iron and Steel
- • Commercial Real Estate • Residential
Real Estate
- 1.5°C for all sector
targets already use net-zero by-2050 scenarios
4
sectors covered
NLB d.d. commitment to finance at least
30%
of new production in most energy efficient commercial buildings (<50 kg CO2 /m2 ) by 2030
Retail and Corporate Banking commitment to mobilise
volume in sustainable finance by 2030
NLB d.d. commitment to finance at least
15%
of new production in top-rated mortgages (A & B EPC class) in Slovenia by 2030
Digital innovation in the region
First Slovenian bank enabling 24/7 opening of personal account and the only bank with full digital signing of documents in M-bank.
First Slovenian bank to launch chat and video call functionalities and the only bank with multichannel 24/7 support.
Only bank with fully mobile express loan capabilities (Consumer & SME).
First Slovenian bank to offer NLB Smart POS solution on mobile phone to merchants.
Contact
Valerija Pešec Head of Investor Relations [email protected]
Peter Jenčič Investor Relations [email protected]
Investor Relations [email protected]
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