Financial Results of the NLB Group
2020 was, despite the challenges of the COVID-19 pandemic and the resulting economic hibernation, a very solid year. The Group’s results demonstrated the robustness and resilience of its sustainable business model, with profit after tax amounting to EUR 269.7 million, strongly affected by the acquisition of Komercijalna banka Beograd, with a positive impact of negative goodwill in the amount of EUR 137.9 million.
In NLB Group, we have put the sustainability of our business decisions and actions at the very centre of our operations. We are committed to this by adhering to MIGA and EBRD requirements, as well as by global United Nations Principles for responsible banking. We claim that sustainability is not just something one puts on paper, but an actual series of decisions and actions that help us achieve our goal to become a company with an important positive impact on the environment in our home region.
Profit after tax in mil EUR *
* attributable to owners of the parent
A new boost for sustainable development
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.
Press Center
13. apr 2021
The offeror, NLB d.d., acquired additional 801,876 ordinary shares and 57,250 preferred shares. Takeover Bid has been successful, and NLB d.d. is prepared to further increase its ownership in Komercijalna banka a.d. Beograd.
8. apr 2021
Reports illustrate that NLB Group as a systemic player is in the position to truly influence the social environment in which it operates, and will fulfil its mission to impact the quality of life in its home region.
25. mar 2021
Changes apply to announced silent period and webcast, which we are cancelling, as we have already published all relevant information on the NLB Group business operations in 2020 in February and we do not expect any material changes
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NLB Group Sustainability Report 2020
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