Comprehensive Assessment results encourage NLB to firmly pursue implementation of its strategy

NLB informs the public about the key facts referring to the results of the Comprehensive Assessment carried out by the ECB in cooperation with national regulators of the banking sector.

NLB passed the Comprehensive Assessment in the Baseline Scenario with a buffer of €364 million. The Baseline Scenario threshold of the Adjusted CET1 Ratio is 8.0 percent, while the NLB's value for this ratio is 12.8 percent.

In the Adverse Scenario, the Capital Shortfall of CA equals €34.25 million, which is 0.47 percent from the Adjusted CET1 Ratio threshold of 5.5 percent.

Profound restructuring measures taken to improve structural profitability of the Bank and earnings anticipated for the business year 2014 will fully cover the limited shortfall identified in the Adverse Scenario of the Comprehensive Assessment.

The NLB Group's unaudited cumulative third-quarter profit after tax as of 30 September equals €47.9 million, which is a further improvement from the already reported half-year unaudited after-tax profit of €34 million.

Substantial work has been done through the ongoing restructuring process of the Bank. In 2014 NLB is back to profitability after several years of negative results. Improved business performance of its operations after the successful completion of the state-aid procedures at the end of 2013 has brought about a more robust position of the Bank to meet the challenges in its business environment. These include the ability to withstand such circumstances as defined by extremely severe assumptions of the Adverse Scenario of the Comprehensive Assessment.

NLB's business is stable and is running normally. The Bank continues to pursue the implementation of its current strategy.

A Summary of the results of the Comprehensive Assessment conducted by the European Central Bank pertaining to the NLB Group is available at http//www.nlb.si/rezultati-obremenitvenih-testov-2014-ecb-ang

You can find more about the results of the Comprehensive Assessment conducted by the European Banking Agency pertaining to the NLB Group at
http//www.nlb.si/rezultati-obremenitvenih-testov-2014-eba-ang

You can find detailed results and publications regarding the findings of the Comprehensive Assessment of the most important European banks at the following websites:

- European Central Bank
- European Banking Agency
- Bank of Slovenia

NLB Corporate Communications