Date: 11 April, 2024
NLB
Group: Building on advantages of our home court
Pursuant to the Rules of the
Ljubljana Stock Exchange relating to Article 158 of the Market
Financial Instruments Act NLB d.d., Trg republike 2, 1000
Ljubljana, announces:
For
the NLB Group, 2023 was truly another year to remember - one in
which the Group delivered an impressive set of results, yet at the
same time, continued to take responsible actions and, with its
strategic focus and business decisions, laid the foundations for
stable, profitable operations for years to come. All of this is
reflected in the Annual and Sustainability Reports of the NLB
Group, confirmed by the Supervisory Board at today's
meeting.
The Annual Report describes NLB
Group's business activities and performance over the past year,
depicting the Group's business model resilience and strategy, as
well as the macroeconomic environment that combined
enabled NLB Group to reach EUR 550.7 million of net
income after tax in 2023, thus
further strengthening market shares across geographies, client
segments, and product lines.
The Group's strong business results
in 2023 translated into significant added value for our shareholders. NLB
has delivered on its commitment, performing substantial
dividend payments of EUR 110
million in two tranches in 2023, which was well on the path
of fulfilling the ambition of achieving a total capital return
through robust cash dividends in a cumulative amount of EUR 500
million between 2022 and the end of 2025. What is more, the
business results of 2023 enabled us to significantly increase our future dividend
payments by committing to at least a 40% pay-out ratio of the previous
years' profit after tax. In 2024, this translates to
EUR 220 million in
dividends, representing a 100% uptick from 2023 while at the
same time maintaining capacity for organic and/or M&A-driven
growth.
The NLB Group Sustainability Report,
on the other hand, showcases our commitment to driving positive
change and sustainability across our sustainability pillars:
sustainable finance, sustainable operations and contribution to
society. It outlines our progress towards achieving the net zero
and other ESG-related targets, together with the strategies we have
adopted to tackle the pressing environmental and social challenges
facing our communities.
You may find the reports, as well as
updated Investor presentation on the links below:
·
NLB Group Annual Report 2023
·
NLB Group
Sustainability Report 2023
·
Investor Presentation
"The most inspiring success stories
are never only written by great results, unique measures, or
continuous winning streaks. They also consist of stumbles, which
are overcome by effort, perseverance, and resilience. Of many
defeats, born in a dignified way. Of joy and satisfaction when
achieving the almost impossible. And they are, above all, made up
of indescribable feelings of belonging, homecoming, and warmth when
experiencing this on one's home court. In NLB Group, we do business
from our hearts and souls with and for our home region - and we
live it every day," wrote NLB d.d. Management Board in their
message to shareholders, clients, colleagues, and other
stakeholders.
General Meeting of NLB d.d. to be held on Monday, 17
June
At today's meeting, the Supervisory
Board also confirmed the Management Board's proposal to convene the
42nd General Meeting of Shareholders of NLB d.d., which
is planned to take place on 17 June 2024. More information will be
available in the convocation.
The Supervisory Board of NLB d.d.
also took note of the reports submitted by the Bank's experts and
granted consent to the transactions requiring approval of the
Supervisory Board of NLB d.d.
Investor Relations
NLB d.d., Ljubljana