Profile of NLB Group and NLB

NLB Group and NLB financial highlights

Supervisory Board Members

Chairman's statement

Statement of the President and Chief Executive Officer

Financial Review of NLB Group and NLB in 2002

NLB Group and NLB risk management

Business Report

Human Resources Management

Organization

Economic environment

Audited Consolidated Financial Statements for NLB Group under Slovenian Accounting Standards

Financial data and figures of NLB according to Bank of Slovenia Methodology

Audited Financial Statements for NLB d.d. under Slovenian Accounting Standards

Audited Consolidated Financial Statements for the NLB Group according to International Financial Reporting Standards

Audited Financial Statements for the NLB d.d. according to International Financial Reporting Standards

Directory

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HUMAN RESOURCES

NLB has 3,953 employees. NLB Group is employing 5,245, including the Parent Bank and all subsidiaries. Human resources development in NLB for the past year addressed the needs of the Bank to increase the focus on customer service and sales and continue the process of restructuring and rationalisation of operations. This included the centralisation of business operations and back office support in the merged daughter banks.

NLB continued with investing in employee development, with each employee having an average of 5 days training, the focus being on developing teamwork, sales skills and customer service skills.

The annual review process for all employees now centres on managing by objectives that are linked to the strategic goals of the Bank.

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By increasing the mobility of management across the Bank and consequently the transfer of knowledge and experience within the Group, the first step has been taken in achieving a vision of forming a uniform organisational culture.

The Bank also has an active development program for the younger employees with high potential.

With the focus on improving productivity of employees as a strategy in the coming years, the Bank will continue its efforts to remain as "the employer of choice". The recent organisation climate survey in NLB compares favourably with results in other successful Slovene companies.

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