May 11, 2021
Despite the ongoing COVID-19 pandemic that continues to cripple economies through the world, the first quarter of 2021 proved to be a very solid one for NLB Group. The Group generated EUR 64.6 million of profit after tax (EUR 46.3 million higher YoY), proving that even in times of economic difficulties knowledge, experience, and sound business decisions and actions based on sustainable principles can generate success.
The result of the Group in the first quarter of 2021 was based on various factors, learned the NLB Supervisory Board at today’s meeting, familiarizing itself with the Interim Report available here. For example:
More information on NLB Group operations in Q1 2021 is available in the Interim NLB Group Report published today. On Wednesday, 12 May at 15:00 EST/14:00 GMT, all interested stakeholders are kindly invited to the presentation of business results by the NLB Management Board, which will be available here. Members of the Management Board will, as usual, receive and address your questions live during the webcast, however, if you already know what you wish to ask them, you may submit your questions now. If you register for the event, you will be able to send them via web app, or you may simply send them to the email address IR@nlb.si.
The lessons from the COVID-19 pandemic have brought the importance of sustainable business and living to the forefront and are by now rooted deeply in our minds, so NLB Group also continued to focus on the digitalization and sustainability of its business decisions and operations in Q1.
NLB has formed a detailed channel strategy to support its digital journey, focusing on decreasing its physical footprint, enhancing the quality of its advice, upgrading value-added services in branches, and, above all, increasing the penetration of digital channels by proactively moving sales of simpler products to digital channels and enhancing the capabilities of the NLB’s unique 24/7 Contact Centre.
In addition, we have once again launched the #HelpFrame project, a programme where knowledge and understanding of economic environment and macroeconomic trends meet professionalism and sustainability. We will again search and listen to the stories of entrepreneurs, written by the dire economic situation as a result of the COVID-19 pandemic. Apart from the know-how, advice, and our services, we will offer advertising space to the selected entrepreneurs, farmers, and micro and small businesses to make sure that their efforts and work are also noticed by potential buyers and customers.
At today’s meeting, members of the Supervisory Board of NLB d.d. also took note of the reports submitted by the Bank’s team and granted consent to transactions requiring its approval.