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LJUBLJANA - Nova Ljubljanska Banka d.d. (NLB) shareholders approved a dividend payout of €128.6 million, or €6.43 per share, during the company’s 44th General Meeting held Monday.
The dividend will be paid on June 24, according to a press release statement from the Slovenian bank. Shareholders representing 60.41% of voting rights participated in the meeting.
NLB indicated that a second tranche of the same amount is expected to be proposed at another General Meeting later this year, potentially bringing the total 2025 dividend distribution to €257 million, representing a 17% increase from the previous year.
The shareholders also re-elected Islam Osama Bahgat Zekry to the Supervisory Board for another four-year term and acknowledged the election of Tatjana Jamnik Skubic as a new employee representative to the board, replacing Tadeja Žbontar Rems whose term expired.
Additionally, the General Meeting approved several governance documents, including an updated Remuneration Policy for Supervisory and Management Board members, a Policy on diversity of the management body and senior management, and a Policy on the selection of Supervisory Board candidates.
NLB CEO Blaž Brodnjak noted that the bank recently surpassed €3 billion in market capitalization for the first time, which he described as a significant milestone for the institution.
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