48th NLB Supervisory Board Meeting

24 May 2018

Today, on 24 May 2018, the Supervisory Board of NLB d.d. met at its 48th meeting and discussed the NLB Group results for the first quarter of 2018 (Q1). NLB Group continues trend of profitable business operations, as it posted a net profit EUR 57.7 million, with important contribution of all strategic banking members. For more details on Q1 NLB Group performance, please refer to Interim NLB Group Report which was published today.

The result from regular operations before provisions is the reflection of stable net interest income, benefiting from loan growth of 2% YtD in Key business activities, especially in Retail sector in Slovenia as well as in Strategic foreign markets. Income from fees and commissions recorded a growth of 5% YoY.

The main difference to the net profit from previous year is explained by substantial release of provisions occuring in Q1 2017. NPL ratio continued to decline and stood at 8,8%, while the non-performing  exposure (NPE) ratio fell to 6,2%. Trends are favorable, which means that bank could surpass expected NPE targets.

As usual, the Supervisory Board also took note of the reports from its Committees and granted their consent to relevant cases if required.

NLB Supervisory Board

 
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