NLB

Capital/Financing Update • Dec 4, 2023

Category: Inside information

Published on: SEOnet

Published at:  01.12.2023 08:00

Published document ID: INI-710/23

INI-695/23

NLB, d. d., Ljubljana

Disclosure regarding the minimum requirement for own funds and eligible liabilities pursuant to article 62(5) of the ZRPPB-1

In accordance with the requirements of paragraph 5 of Article 62 of Zakon o reševanju in prisilnem prenehanju bank (ZRPPB-1), NLB d.d. is hereby publishing the amounts and composition of the own funds and eligible liabilities and minimum requirement for own funds and eligible liabilities (MREL) applicable to the NLB Resolution Group.

Data as of 1 December 2023	in EUR	Maturity	Order of priority under normal insolvency proceedings
1. Equity
1.1 Common Equity Tier 1:
- NLB Resolution Group common equity tier 1 items	1,619,729,000(1)	Without maturity	Junior to all other liabilities.
1.2 Additional Tier 1 Instruments:
- Subordinated notes (ISIN SI0022104275)	82,000,000	Notes are perpetual and have no scheduled maturity date. The Issuer has the possibility for early redemption of the notes on any business day from 23 September 2027 to 23 March 2028 and on 23 September each year commencing on 23 September 2028	Senior to the Common Equity Tier 1 Instruments (point 1.1.) and junior to all other liabilities.
1.3 Tier 2 Instruments:
- Subordinated notes (ISIN SI0022103855)	45,000,000	6 May 2029;  NLB d.d. has the option to redeem the notes on 6 May 2024	Senior to the Common Equity Tier 1 Instruments (point 1.1) and any Additional Tier 1 Instrument (point 1.2), junior to all other liabilities.
- Subordinated notes (ISIN XS2080776607)	120,000,000	19 November 2029;  NLB d.d. has the option to redeem the notes on 19 November 2024
- Subordinated notes (ISIN XS2113139195)	120,000,000	5 February 2030;  NLB d.d. has the option to redeem the notes on 5 February 2025
- Subordinated notes (ISIN XS2413677464)	225,000,000	28 November 2032;  NLB d.d. has the option to redeem the notes on 28 November 2027
2. Eligible liabilities
2.1 Unsecured and unsubordinated claims arising from debt instruments:
- Notes (ISIN XS2498964209)	300,000,000	19 July 2025; NLB d.d. has the option to redeem the notes on 19 July 2024	Senior to the Tier 2 Instruments (point 1.3) and junior to all liabilities referred to in second paragraph of Article 230 of ZRPPB-1, points 1 to 7.
- Notes (ISIN XS2641055012)	500,000,000	27 June 2027; NLB d.d. has the option to redeem the notes on 27 June 2026
2.2 Other unsecured and unsubordinated claims:
- MREL eligible loan	30,000,000	30 March 2025; NLB d.d. has the option to repay the loan on 30 March 2024	Senior to the Unsecured and unsubordinated claims arising from debt instruments (point 2.1) and junior to all liabilities referred to in second paragraph of Article 230 of ZRPPB-1, points 1 to 6.
2.3 MREL eligible deposits (referred to in second paragraph, point 6):			Senior to the Other unsecured and unsubordinated claims (point 2.2) and junior to all liabilities referred to in second paragraph of Article 230 of ZRPPB-1, points 1 to 5.
- MREL eligible deposit	15,000,000	16 December 2024
- MREL eligible deposit	5,000,000	7 January 2025
- MREL eligible deposit	5,000,000	4 February 2025
- MREL eligible deposit	4,000,000	2 April 2025
- MREL eligible deposit	10,000,000	26 May 2025
- MREL eligible deposit	10,000,000	10 June 2025
- MREL eligible deposit	10,000,000	8 July 2025
- MREL eligible deposit	5,000,000	30 December 2025
- MREL eligible deposit	5,000,000	5 January 2026
- MREL eligible deposit	5,000,000	22 December 2026
- MREL eligible deposit	5,000,000	4 January 2027
2.4 MREL eligible deposits (referred to in second paragraph, point 5):
MREL eligible deposit	30,000,000	2 April 2025	Senior to the MREL eligible deposits (referred to in second paragraph, point 6) (point 2.3) and junior to all liabilities referred to in second paragraph of Article 230 of ZRPPB-1, points 1 to 4.
MREL eligible deposit	20,000,000	3 August 2026
MREL eligible deposit	20,000,000	25 August 2026
Total amount of equity and eligible qualified liabilities items	3,190,729,000

The applicable minimum requirement of own funds and eligible liabilities’	As of 1 January 2024, NLB d.d. shall comply with MREL requirement on a consolidated basis at resolution group level (consisting of NLB d.d. and other members of the NLB Group excluding banks) which amounts to 30.99% of Total Risk Exposure Amount (TREA), increased by the applicable combined buffer requirement; and 10.39% of the Leverage Ratio Exposure (LRE).

(1) Data as per 30 September 2023.

This announcement will be available on the NLB's website (www.nlb.si) as of 1 December 2023 for a period of at least 5 years.

Investor Relations

NLB d.d., Ljubljana

Date: 04.12.2023