NLB Bank
Downbeat year for Slovenian stocks
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%.
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Ex Sberbank subsidiary gets new chairman
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.
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NLB bank well prepared for turbulent times, chairman says
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.
NLB management board expanded from three to six members
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.
NLB bank nearly doubles Jan-Sep net profit
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.
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NLB bank has serious plans for Serbian market, says Serbian minister
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.
EU directive on whistleblowers crucial for fight against corruption, debate hears
Ljubljana – The implementation of the EU directive on the protection of whistleblowers is extremely important for the fight against corruption, agreed participants of Tuesday’s round table debate on whistleblowers hosted by the British-Slovenian Chamber of Commerce.
NLB bank more than trebles Q1 net profit
Ljubljana – NLB, Slovenia’s largest banking group, reported a net profit of EUR 64.6 million for the first quarter of the year, about 3.5-fold the figure posted in the same period a year ago (EUR 18.3 million).
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AmCham business breakfast discusses post-epidemic recovery
Ljubljana – A virtual AmCham Slovenia business breakfast on Wednesday discussed economic recovery in 2021 to hear that the Covid-19 crisis has hit the Slovenian economy hard. It has nevertheless been kept alive by state aid and is waiting to see the light at the end of the tunnel, which could happen in the spring.
EU court rules Slovenia breached inviolability of ECB archives
Luxembourg – The European Court of Justice has ruled that Slovenia breached the inviolability of ECB archives in a 2016 police search of archives at the country’s central bank that was part of an investigation into the 2013 bank bailout.