NLB Group Delivers Robust Business Results in the First Half of 2022
August 11, 2022
In the first half-year of 2022, marked by the tragic war in Ukraine and its influence on prices, consumer behaviour, and consequentially volatile capital markets, NLB Group delivered strong business results and reached important business milestones – such as the merger of Serbian banking subsidiaries and the acquisition of N Banka in Slovenia. The Group achieved EUR 287.0 million in profit after tax (EUR 147.2 million higher YoY) in H1 2022, including the effects related to the acquisition of N Banka. The strong recurring operating performance in H1, with 25% YoY growth in recurring profit before impairments and provisions without N Banka’s contribution, confirms the robustness of NLB Group’s business model.
Many important milestones marked the first six months of 2022. First, the aforementioned acquisition of N Banka whose integration process is currently in full swing and will be completed in spring 2023, and the merger of NLB banka Beograd and Komercijalna banka Beograd in NLB Komercijalna banka, which was fully completed by the end of April. And those are just a few.
More information about the NLB Group business results in H1 2022 will be presented during a webcast, hosted by the Management Board of NLB d.d., on Thursday, 11 August 2022, at 16.00 CEST/14.00 GMT, available here. Members of the Management Board will receive and address your questions. You may post them live, via web app available on the link above, or you may simply send them to the email address IR@nlb.si.