NLB Group accompanies stable Q1 business results with a large-scale regional donation
May 11, 2023
The beginning of 2023 brought quite a few challenges to the banking sector. Tighter global liquidity on the back of higher global interest rates has taken its toll in the form of increased stress levels in the US regional banking sector and has spilled over into Europe with the further consolidation of Switzerland’s banking sector. Despite the global banking sector tremor, however, NLB Group performed strongly in the first quarter, with a strong emphasis on prudent risk management.
The Group achieved EUR 120.1 million in profit after tax in the first quarter, a growth of 74% QoQ. Profit after tax in the first quarter was 46% lower than in first quarter of 2022 due to the negative goodwill coming from the acquisition of N Banka.
His thoughts were echoed by NLB’s CEO Blaž Brodnjak, who expressed the Management Board’s satisfaction with the business results of the Group in the first three months of the year. Above all however, he pointed out the important role that banking members of the NLB Group once again played in all the markets, offering services and stability both to households and businesses. To continue on this path, NLB Group will accompany good business results with a large-scale regional donation, he announced.
Kindly invited to join webcast presentation
We kindly invite all interested stakeholders to the presentation of the NLB Group Interim Results Q1 2023, hosted by the Management Board of NLB, that will take place on Thursday, May 11, 2023, at 16:00 CEST/14.00 GMT and will be available here: https://www.nlb.si/ir-events.
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