We published NLB Group Annual Report 2016

In the beginning of March we have announced that NLB Group increased net profit to EUR 110 million in 2016. Today, 14th April 2017, we published the NLB Group Annual Report 2016.

The NLB Group increased net profit for the third consecutive year to EUR 110 million, which is an increase by 20% since 2015 (EUR 91.9 million) in a challenging interest rate environment.

In addition to positive developments in the parent bank, all core/strategic NLB Group banking members showed profitable and improving operations in 2016, thus contributing an increasingly important part to the Groups’ results.

NLB Communications