Encouraged by the economic recovery driven by healthy private consumption and strong loan demand, NLB Group recorded another successful quarter, with minimal or no effect of once again growing health concerns. The Group generated EUR 205.5 million of profit after tax (EUR 100.9 million or 96% higher YoY), and as a result is well on track to exceed 2021 guidance in main categories. Based on this strong performance and the favourable business environment, we have improved our 2021 outlook.
Profit after tax in mil EUR *
* attributable to owners of the parent
The COVID-19 pandemic caused a downturn in the economy, but on the other hand it also brought us some positives. We pay more attention to what is happening in the environment and wonder how we influence it with our actions. In doing so, we have become enthusiastic about finding sustainable, especially local solutions.
One of the most recognised projects of 2020 in the entire region of SEE is certainly the #HelpFrame project. With the #HelpFrame project, we offered our own advertising space to 274 entrepreneurs, farmers, and micro and small businesses – which would be Trajnostno poročilo NLB Skupine 2020difficult for them to afford in these times – and thus helped them to reach potential customers, thereby making an important contribution to strengthening the domestic small business.
For the sixth year in a row.