The remarkable performance of NLB Group in year 2022 continued in the third quarter, by achieving EUR 91.7 million of pre-provision result, the highest since the IPO in 2018. Perilous times, marked with geopolitical tensions and increasing prices are having direct and indirect impact on the performance of the leading financial institution in South-eastern Europe. With growth rates in our home region expected to moderate yet remaining positive in 2023, and inflation forcing central banks to react by increasing interest rates, the economic climate remains challenging. Nevertheless, with profit after tax in the first nine months of the year totalling EUR 377.8 million (including one-off effects from the acquisition of N Banka) and the total capital ratio at 16.6% – well above the regulatory requirement, the Group stands confidently prepared for any potential incremental worsening of the business environment.