NLB Group Continues to Perform Strongly in Q3, Thus Increasing its Capacity for Responsible Decisions and Operations
November 9, 2023
In a fragile operating environment with escalating geopolitical tensions, volatile financial conditions, and environmental hazards, an organisation’s business model resilience remains one of the key distinguishing factors among the market participants. NLB Group is proud to report that its business results in the first nine months of 2023 fully confirm this ambition has been met.
The Group achieved EUR 144.2 million in profit after tax in the third quarter of 2023, a growth of 18% QoQ, providing the Bank and the Group with comfortable buffers to remain a responsible and trustworthy counterparty for all stakeholders – as it has been so many times before.
The outlooks for NLB Group for 2023 and 2025 are therefore slightly improved to better reflect the expected performance of the NLB Group in the current environment, which also factors in all of the envisaged regulatory measures. We believe that such transparent communication with all stakeholders sets us apart from many other business entities and helps us build relationships on honesty and trust.
“Above all, however, we are proud – and continuously motivated – by the responsible approach to business and all other actions our Group has undertaken in our ever more connected home region, be it with intensively intertwining sustainability into all our operations, responding preventively and proactively to health and economic challenges such as the COVID pandemic, the continuous decisive support of sports and culture, or compassionate humanitarian donations to various organisations, individuals and communities, such as, for instance, during the recent floods in Slovenia,” added NLB’s CEO. He also emphasized that: “NLB Group will continue creating better footprints, responding proactively and supportively to help our clients and economies face any challenges, whether they are the result of unpredictable natural or unfavourable economic circumstances. Furthermore, we will also, together with our partners, continue pointing out any systemic decisions that could negatively affect the strength and prosperity of the economy or impairing social or governance pillars of a sustainable development of our society.”
Invitation to the Webcast Presentation
We kindly invite all interested stakeholders to the Third Quarter 2023 Financial Results Earnings Call, hosted by the Management Board of NLB, that will take place on Thursday, November 9, 2023, at 16:00 CET/15.00 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.