NLB

Slovenian banking group NLB will start a new art collection called SEE ART to showcase contemporary artists from the region. The bank plans to invest €100,000 annually to acquire works of art.

The bank already keeps an art collection, having purchased and collected around 2,000 works in the past. It now wants to resume purchases of art.

The SBI TOP benchmark index on the Ljubljana Stock Exchange lost nearly 16% in 2022, after having risen by almost 40% the year before, show figures released by the stock exchange operator Ljubljanska Borza.

All the big-cap stocks were down with drug maker Krka losing nearly a fifth of its value in a year, NLB bank down by 18%, and energy group Petrol losing 21%.

Ljubljana – Slovenia’s largest banking group, NLB, reported on Thursday EUR 287 million in profit after tax for the first half of 2022, a 105% increase year-on-year. The growth was mainly driven by positive effects related to the acquisition of N Banka, formerly Sberbank. The profit of the core bank NLB fell from EUR 77.1 million to EUR 66.9 million.

Ljubljana – N Banka, the former Slovenian subsidiary of Russia’s Sberbank that was acquired by the NLB bank after sanctions were introduced against Russia, got a new chairman in Heribert Fernau on Friday.

Ljubljana – Slovenia’s largest bank NLB is in excellent shape and well prepared for turbulent times ahead, chairman of the board Blaž Brodnjak said after today’s shareholder meeting. He is also not concerned by the tightening of monetary policy in the eurozone. When necessary, households and companies will be assisted, he announced.

Ljubljana – The NLB bank has send a request to its Serbian subsidiary NLB Komercijalna Banka for a buy-out of the minority shareholders as Slovenia’s largest bank recently reached the relevant threshold after acquiring additional shares. NLB expects that the buy-out will have a neutral impact on the group’s bottom line.

Ljubljana – NLB bank is completing the integration of Komercijalna Banka, a Serbian bank it bought in 2020. It has received regulatory approval for the legal merger of Komercijalna with NLB’s existing branch in Serbia, while the operational merger will take place over the weekend.

Ljubljana – The supervisory board of the NLB bank appointed on Thursday Hedvika Usenik, Antonio Argir and Andrej Lasič to the management board to expand it from three to six members. Their five-year terms will start after approval from banking regulator, and they will continue to serve as assistants to the management board until then.

Ljubljana – NLB bank reported net profit almost doubling to EUR 205.5 million in the first nine months of 2021 compared to the year before, as a result of which it is well on track to exceed 2021 profit guidance and is eyeing potential acquisitions.

Belgrade – The NLB group has serious plans for the Serbian market, said Serbia’s Finance Minister Siniša Mali after Friday’s meeting with NLB CEO Blaž Brodnjak, the Serbian Press Agency Tanjug reported.

Minister Mali noted in his post on Instagram that the Slovenia-based banking group successfully completed acquisition of Serbian Komercijalna Banka last year.