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LJUBLJANA - Nova Ljubljanska Banka d.d. (NLB), Slovenia’s largest banking group, reported a net profit of EUR 125.8 million for the first quarter of 2025, a period marked by global economic fluctuations and the introduction of new U.S. tariffs. The results, announced today, underscore the company’s resilience and the effectiveness of its diversified business model.
The Group’s strategic members contributed 62% to the overall profit, reinforcing the significance of NLB’s diversified operations during challenging times. The bank plans to retain 50% of the previous year’s profits to maintain its capital ratio, with EUR 257 million earmarked for distribution to shareholders in 2025. The proposed distribution will be discussed at the General Meeting on June 16, 2025, with the possibility of two tranches being released this year, barring any significant mergers and acquisitions.
NLB’s CEO, Blaž Brodnjak, remarked on the Group’s performance, highlighting a 17% increase in dividend payout as evidence of the bank’s strong financial standing. He also mentioned the upcoming appointment of Reinhard Höll as CTO, pending approvals, as part of the bank’s strategic initiatives. Brodnjak emphasized the bank’s commitment to societal responsibilities, citing a recent investment in regional arts through a new gallery opening.
Primož Karpe, Chairman of the Supervisory Board, expressed confidence in the Group’s ability to navigate the uncertain economic landscape and its focus on strategic objectives to continue delivering shareholder value.
The bank invites stakeholders to a webcast presentation of the Q1 results by the NLB Management Board, scheduled for later today. Questions for the Management Board can be submitted in advance or during the live webcast.
The first quarter of 2025 has been a testament to NLB Group’s operational strength and strategic agility. Despite facing an unpredictable economic environment, the Group has managed to deliver a solid financial performance and maintain its commitment to long-term growth and shareholder value.
The information in this article is based on a press release statement from NLB Group.
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