Nova Ljubljanska Banka D.d. · LJSE:NLBR
Nova Ljubljanska Banka D.d — FY2023 Earnings Presentation
80 slides from Nova Ljubljanska Banka D.d's earnings presentation, Sep 3, 2024
Slide 1: NLB Group Presentation Q4 and FY 2023 Financial Results
NLB Group Presentation Q4 and FY 2023 Financial Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nova Ljubljanska banka d.d., Ljubljana (the "Company"). This presentation has been prepared solely for the purpose of informative presentation of the business conduct of the Company. This presentation has not been approved by any regulatory authority
Slide 3: NLB Investor Day: New Capital Horizons
NLB Investor Day: New Capital Horizons May 9th The event will be taking place at the Grand Hotel Union Eurostars in Ljubljana and will be focusing on presenting NLB and NLB Group’s new business strategy and a vision for 2030. Slovenian and Croatian Investor Conference, powered by NLB May 10th The ev
Slide 4: Leading banking and financial group in SEE
Leading banking and financial group in SEE NLB Group is the leading banking and financial group Universal NLB Group is comprised of seven banks and several with headquarters and an exclusive strategic interest in banking companies for ancillary services, which support its clients our home region - S
Slide 5: This is our home. A region of opportunities.
NLB Banka, Banja Luka This is our home. A region of opportunities. Market share Result after tax Total assets Active clients by total assets 24.3 1,041 210,985 20.4% (in EUR millions) (in EUR millions) NLB, Ljubljana NLB Komercijalna Banka, Beograd Market share Result after tax Total assets Active c
Slide 6: NLB Group delivered on 2023 outlook and achieved several important milestones
NLB Group delivered on 2023 outlook and achieved several important milestones Outlook 2023 Actual 2023 NLB Group performed strongly in 2023 with result after tax of EUR 550.7 million > EUR 1,000 Regular Income EUR 1,108 million million The NLB Group significantly improved Sustainalytics ESG Risk Rat
Slide 7: Macro Overview
Macro Overview 7
Slide 8: NLB Group – Macro overview
NLB Group – Macro overview NLB d.d. & 6 subsidiary banks operate in Slovenia (EU member) & 5 SEE countries (convergence to EU) Slovenia EUR Serbia RSD GDP (EURbn) 63.0 GDP (EURbn) 69.5 Population (m) 2.1 Population (m) 6.8 NBS loans as % of GDP(1) 43.0% NBS loans as % of GDP(1) 37.8% NBS deposits as
Slide 9: Regional economic growth has slowed but is expected to stay above the Eurozone
Regional economic growth has slowed but is expected to stay above the Eurozone Group‘s region continued with slow growth in last quarter of 2023, but is expected to grow at rates above Eurozone average in 2024… 2023 2024 2025 Real GDP growth, % 5,1% 3,7% 4,0% In Group‘s region the slow annual growth
Slide 10: Strong labour market in the region with historically low unemployment levels
Strong labour market in the region with historically low unemployment levels Labour market is expected to remain strong… Unemployment rate, % 13,3% According to the latest available data, 2023 2024 2025 13,1% 13,2%13,0%12,7% 12,7%12,4% 12,5% 12,0% 11,0% unemployment rate decreased in all countries o
Slide 11: NLB operates in countries with prudent monetary policy and rising interest rates
NLB operates in countries with prudent monetary policy and rising interest rates International reserves as % of GDP Central Bank interest rates evolution(1) International reserves, ye 2022 and Q3 2023 annualized, % GDP Deposit facility rate, January 2022 – December 2023 % .0 ye 2022 Q3 2023 annualiz
Slide 12: Untapped growth potential with strong fundamentals
Untapped growth potential with strong fundamentals Low overall sector leverage… …with liquid banking sectors… Retail and NFC loans as % of GDP, Q4 2023 (1). Loans / Deposits 2023, % (3) Retail NFC 47,7% 47% 94,3% 35,7% 81,6% 80,2% 37% 74,3% 30,9% 71,7% 27,9% 63,6% 62,2% 27% 25,8% 24,5% 20,5% 21,3% 1
Slide 13: Key Developments
Key Developments
Slide 14: Revenues and Cost Dynamics
Revenues and Cost Dynamics Net interest income growth outpacing cost growth, while CoR remains negative Costs (Group, EURm) +9% 501.9 Recurring net operating income (in EUR million) 460.3 +10% +16% +42% 127.7 120.9 140.2 1,108.2 2022 2023 Q4 2022 Q3 2023 Q4 2023 779.0 Cost of risk(1) (Group, bps) 14
Slide 15: Profitability
Profitability Strong profitability with profit growth in all banking subsidiaries Profit a.t. – quarterly evolution (EUR million) 163.8 144.2 All banks recorded a profit on a standalone basis and positively 120.1 122.6 contributed to the Group’s result. The largest contribution of EUR 269.6 million
Slide 16: Income Statement
Income Statement Strong operational performance increasing resilience of the NLB Group Result before impairments and provisions (Group, EURm) The result before impairments and provisions amounted to EUR 591.4 million. +75% Main drivers of yearly dynamics in recurring pre-provision profit: 591.4 • ne
Slide 17: Resilient Operating Income Performance
Resilient Operating Income Performance Result reflects strong underlying performance, growth of net interest income and release of provisions Net profit of NLB Group – evolution YoY (in EURm) 4.6 -38.3 -41.6 14.8 0.3 -172.9 328.4 550.7 10.1 -1.7 446.9 66.9 2022 Net interest Net fee and Other net non
Slide 18: NLB Group's Balance sheet structure
NLB Group‘s Balance sheet structure Deposit (predominately from individuals) driven balance sheet Balance sheet structure (31 Dec 2023, in EURm) 25,942 25,942 Other assets 753 Total equity 2,948 Financial assets Other liabilities Subordinated 4,804 588 Other debt debt securities Deposits from banks
Slide 19: Loan dynamics
Loan dynamics Steady loan growth, with healthy new production despite higher interest rates NLB Group NLB(1)(2) SEE banks(1) +7% +9% +5% 6.63% 8,000 7,235.3 8 5,000 6 5,000 7 7,000 6,743.4 7 5.66% 3,608.8 5 6 6 4,000 4,000 3,523.1 6,000 3,448.0 5 5 4.72% 4 3,220.9 5,000 5.71% 4.74% 4 3,000 3,000 4 4
Slide 20: Taxes
Taxes DTAs and tax updates Deferred taxes Tax on balance sheet • Taxable period: 2024-2028 Based on a highly successful year 2023 and profit • Tax rate: 0.2% from balance sheet amount projections for the next 5 years, NLB increased recognized deferred tax assets of EUR 56.7 million in 2023 of which:
Slide 21: Taxes
Taxes Effective tax and contribution rates (in EURm) NLB d.d. NLB Group The contribution rate and effective tax rate on NLB d.d. and on Profit before tax 479 578 NLB Group level are currently at the low to mid-teens. NLB Non-taxable income -236 0 d.d. tax and contribution rates are subject to the co
Slide 22: Well diversified securities portfolio
Well diversified securities portfolio Banking book securities by asset class (NLB Group, 31 December 2023) Banking book securities by rating (NLB Group, 31 December 2023) Subordinated bank GGB 0.8% 2.9% Corporate Agency BBB NR 0.3% Covered bond Subordinated 4.6% 3% 9% 1% A Agency Senior 3.0% 25% 14%
Slide 23: Performance indicators across SEE countries
Performance indicators across SEE countries North Slovenia Serbia Bosnia and Herzegovina Kosovo Montenegro Macedonia NLB Kom ercijalna NLB, Banka, NLB Banka, NLB Banka, NLB Banka, NLB Banka, NLB Banka, Ljubljana(i) Beograd Skopje Banja Luka Sarajevo Prishtina Podgorica NLB Group Consolidated Data on
Slide 24: Business Performance
Business Performance
Slide 25: Net interest income
Net interest income Margin pick-up on the back of NII growth Net interest margin, quarterly (in %) Net interest income of NLB Group (in EURm) 4.33% 4.38% 4.14% 3.88% 3.74% +65% 3.64% 3.50% 3.46% 833.3 Interest income 3.14% 3.09% 2.71% 2.84% Interest expenses 2.65% 2.35% 1.86% 504.9 +53% 993.4 +5% Q4
Slide 26: Net non-interest income
Net non-interest income Non-recurring items affecting yearly and quarterly NNII Net non-interest income of NLB Group (in EURm) Net fee and commission income (in EURm) -11% Non-recurring other net non-interest income +2% 293.6 260.0 Recurring other net non-interest income 273.4 278.0 19.5 0.7 Net fee
Slide 27: Costs
Costs General inflation, IT enhancements and integration drove cost dynamics upwards Total costs of NLB Group (in EURm) # of employees(1) +9% Employee costs -246 YoY Other general and administrative expenses 501.9 Depreciation and amortisation 8,185 8,228 7,982 460.3 49.2 47.4 2,510 2,418 2,554 170.
Slide 28: Impairments and provisions
Impairments and provisions CoR remains negative, despite establishment of credit provisions in second half of the year Impairments and provisions of NLB Group (in EURm) CoR 14 -7 Impairments and provisions for credit risk Release 11.8 Other impairments and provisions -3.1 -0.7 Establishment -3.8 -15
Slide 29: NLB Group Assets
NLB Group Assets Total asset growth fueled by growth in net loans to customers and cash balances Total assets of NLB Group – structure (EURm) +7% +3% YoY 25,942.0 25,278.0 24,160.2 752.5 5% 624.6 715.5 -2% 4,653.1 4,803.7 4,877.4 13,734.6 5% 13,666.1 13,073.0 6,334.3 6,651.2 5,494.3 (1) 21% 31 Dec 2
Slide 30: NLB Group Funding Structure
NLB Group Funding Structure Average cost of funding increasing due to the wholesale funding, driven by MREL requirements and deposit repricing Funding structure of the NLB Group (Group, EURm) Increasing average cost of funding (quarterly data) +6% YoY 1.11% 1.08% +2% 22,994.0 22,481.3 587.6 16% 0.88
Slide 31: NLB Group Funding Driven by Deposits
NLB Group Funding Driven by Deposits Deposit interest rates are increasing, nevertheless deposit beta at 8% remains low(1) Interest rates for customer deposits (quarterly, in %) NLB Group 0.46% NLB d.d. SEE Banks 0.42% 0.52% 0.38% 0.38% 0.43% 0.28% 0.23% 0.25% 0.24% 0.30% 0.26% 0.12% 0.07% 0.18% Q4
Slide 32: Capital
Capital Capital position enabling growth and dividend distribution Capital realisation YoY and surplus of NLB Group as of 31 Decem ber 2023 Capital requirements YE 2023 OCR + in EUR millions / in% P2G Surplus OCR 15.51% 31 Dec 2023 31 Dec 2022 Change YoY 31 Dec 2023 Structure CBR (Combined Buffer):
Slide 33: RWA structure
RWA structure Prudent RWA management to improve capital ratios The Group uses, on a consolidated basis, the Standardised approach for calculating RWA for credit and market risk while using a Basic indicator approach for calculating operational risk. RWA structure (in EURm) RWAs / RWA for credit risk
Slide 34: NLB Wholesale Funding Multiple Point of Entry (MPE) Resolution Strategy
NLB Wholesale Funding Multiple Point of Entry (MPE) Resolution Strategy Evolution of MREL eligible funding, the MREL requirement and the actual MREL ratio (in EURm, in %) NLB Group follows an MPE resolution strategy with each resolution group raising its MREL debt 39.17% 40.24% 36.31% 31.91% 34.99%
Slide 35: NLB Wholesale Funding
NLB Wholesale Funding Wholesale funding is driven by MREL requirement and by ambition to further strengthen and optimize the capital structure Currently outstanding notes: Type of the Bond ISIN code Issue Date Maturity First call date Interest Rate Nominal Value Senior Preferred XS2498964209 19 July
Slide 36: Asset Quality
Asset Quality
Slide 37: Asset Quality – NLB Group
Asset Quality – NLB Group Diversified corporate and retail credit portfolio, focused on core markets Dec-21 Dec-22 Corporate and retail credit portfolio by segment (Group, 31 Dec 2023, % and EURm) Dec-23 4,105 3,764 3,932 3,649 Retail consumer SME 3,195 3,131 23% 27% 2,881 2,897 2,865 2,812 2,427 2,
Slide 38: NLB Group Asset Quality
NLB Group Asset Quality Portfolio diversification reduces risk, no large concentration in any specific industry Corporate credit portfolio (Group, 31 Dec 2023, in EURm) Credit porfolio in EUR thousands ∆ 4Q ∆ YtD Corporate sector by industry NLB Group % 2023 2023 Accommodation and food service activ
Slide 39: NLB Group Asset Quality
NLB Group Asset Quality Industry diversification in manufacturing and trade Corporate credit portfolio (Group, 31 Dec 2023, in EURm) Credit porfolio in EUR thousands Credit porfolio in EUR thousands ∆ 4Q ∆ YtD ∆ 4Q ∆ YtD Corporate sector by industry NLB Group % Corporate sector by industry NLB Group
Slide 40: NLB Group Asset Quality
NLB Group Asset Quality High % of Stage 1 Credit portfolio (measured at amortized cost & FVTPL) Credit portfolio (1) by stages (Group, 31 Dec 2023, in EURm) in EUR million Credit portfolio Provisions and FV changes for credit portfolio Stage1 Stage2 Stage3 & FVTPL Stage1 Stage2 Stage3 & FVTPL Covera
Slide 41: Asset Quality – NLB Group
Asset Quality – NLB Group NPL ratio further decreased. Improved coverage by provisions and collateral Gross NPL ratio within the planned framework (Group, EURm) NPL cash and collateral coverage(1) (Group, %) 168% 160% 2,000 110.0% 120 148% 110 58% 98.9% 61% 62% 100 86.1% 110% 1,500 90 99% 45% 86% 28
Slide 42: Impairments and provisions for credit risk
Impairments and provisions for credit risk Negative CoR in 2023, portfolio development led to newly established provisions in Q4 Quarterly net new impairments and provisions for credit risk (w/o off-balance, Q4 2023, in EURm) 1.7 • In Q4 2023 net impairments and provisions for credit risk were estab
Slide 43: Asset Quality – NLB Group
Asset Quality – NLB Group The trend of transfer from variable to fixed interest rates evident in the retail segment In corporate segment a stable dominant share of loans with floating interest rates Corporate and retail portfolio of NLB Group (31 Dec 2023) Corporate (incl. SME) Consumer Housing In t
Slide 44: NII sensitivity to interest rate shifts – NLB Group
NII sensitivity to interest rate shifts – NLB Group Readily accessible diverse toolbox to protect interest margins NII sensitivity to various rate shocks Loan portfolio by type of EURIBOR (Group, 31 Dec 2023) (Group, EURm) 87.0 12M EURIBOR 1M EURIBOR 44.2 12.14% 1.16% 1M EURIBOR 54.82% 31.88% -50.1
Slide 45: Commercial real-estate
Commercial real-estate Limited and well performing CRE portfolio 95% projects are in operational phase. Occupancy rate above Retail Shoping centres ~ 175 EURm 90%. Rents are stable. Average DSCR on projects is 1.4. Average LTV below 50. Majority of loans are amortizing loans. 15% in construction pha
Slide 46: ESG & Digital
ESG & Digital
Slide 47: NLB Group Improves Lives in the SEE Region through Sustainability Pillars
NLB Group Improves Lives in the SEE Region through 3 Sustainability Pillars Sustainable Sustainable Contribution Operations Finance to Society Acting responsibly towards the environment Decarbonizing lending and investment Supporting communities‘ development by portfolios by designing and implementi
Slide 48: Key Targets and Achievements in 2023
Key Targets and Achievements in 20231 EUR 287 mio New green financing to support corporate and retail clients in their green transition. 16.0 ESG Rating2 Improved from 17.7 in 2022: low risk, ranking: top 13%banks EUR 500 mio Green bond issuance in June to support projects with a positive impact on
Slide 49: Overview of Key Highlights in 2023
Overview of Key Highlights in 20231 Notes: (1) All data refer to NLB Group (NLB and 6 subsidiaries banks) and year 2023, if not stated otherwise. (2) Operational emissions include data of 20 material NLB Group members, including banks. Operational emissions include Scope 1 and Scope 2, limited Scope
Slide 50: NLB Group is the 1st Bank Headquartered in SEE to commit to Net-Zero Portfolio Targets
NLB Group is the 1st Bank Headquartered in SEE to commit to Net-Zero Portfolio Targets Retail and Corporate Banking NLB Group is starting its net- Set intermediate 2030 commitment to mobilise €1. zero portfolio journey with four targets for all sectors 1. Power Generation 2. Iron and Steel 3. Commer
Slide 51: NLB Group published portfolio decarbonisation targets in four key sectors
Aligned with NZBA committment, NLB Group published portfolio decarbonisation targets in four key target sectors 51
Slide 52: State-of-the art services & channels
State-of-the art services & channels The pioneer of banking innovation in Slovenia First Slovenian bank sending cards‘ PIN via SMS First Slovenian bank implementing Flik P2M (Person to Merchant) at all POSes First Slovenian bank enabling 24/7 opening of personal account and the only bank with full d
Slide 53: Omnichannel – future sales platform
Omnichannel – future sales platform Uniformal omnichannel digital customer experience throughout the Group Digital to take primary role especially in transaction banking and simple products contracting NLB Group # active digital & m-bank users (1) (in 000) ✓ Full digital experience starting with new
Slide 54: Leasing M&A
Leasing M&A
Slide 55: Acquisition of Summit Leasing
Acquisition of Summit Leasing The Bank signed SPA for 100% shareholding in Summit Leasing Slovenija and its subsidiaries SLS Group at a glance Undisputed leader in the Slovenian vehicle leasing market Total assets (EURm, consolidated level – SLS Group) • Founded in 2000, SLS Group is the #1 leasing
Slide 56: High-level integration timeline
High-level integration timeline November 30 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Legal and M&A processes Pre-closing phase Post-closing phase Regulatory approvals Regulatory approvals ‒ Post merger culture HR HR organization model integration activities Integration design pha
Slide 57: Outlook
Outlook
Slide 58: Outlook
Outlook Outlook Last Outlook Revised Outlook KPI for 2024 for 2025 for 2025 Regular income > EUR 1,100 million ~ EUR 1,100 million ~ EUR 1,200 million CIR < 50% < 50% < 50% Cost of risk 20-40 bps 30-50 bps 30-50 bps Loan growth Mid single-digit High single-digit High single-digit EUR 220 million EUR
Slide 59: Appendices
Appendices Appendix 1: Business Performance 60 Appendix 2: Segment Analysis 65 Appendix 3: Financial Statements 75 59
Slide 60: Appendix 1: Business Performance
Appendix 1: Business Performance
Slide 61: Key performance indicators of NLB Group
Key performance indicators of NLB Group Strong recurring revenues, cost control and resilient asset quality Gross loans to customers (in EURm) in EUR millions / % / bps 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ 1% Key Incom e Statem ent Data Net operating income 1,093.3 798.5
Slide 62: Off-balance sheet items
Off-balance sheet items Off-balance sheet items of NLB Group – structure (in EURm) Derivatives in EUR million +16% 31 Dec 2023 30 Sep 2023 31 Dec 2022 +16% FX derivatives with customers 346.3 166.4 215.5 6,300.8 Interest rate derivatives with customers 449.0 453.2 396.1 FX derivatives - hedging 215.
Slide 63: Net interest income evolution
Net interest income evolution YoY evolution (in EURm) +65% 14.1 21.0 -49.3 833.3 98.3 -58.6 17.1 141.4 16.9 504.9 127.7 2022 Balances Loans to banks Loans to Loans to Loans to state Securities Deposits from Funding Other 2023 with CB corporate individuals customers QoQ evolution (in EURm) +5% 3.1 -4
Slide 64: Ratings – NLB d.d.
Ratings — NLB d.d. Moobpy’s S&P Global Ratings Weighted Macro Profile SACP — StandAlone Credit Profile Moderate Elm 5 Asset Risk bat Business Position Adequate O Capital baa3 Capital and earnings Adequate o Profitability baat Risk position Adequate 0 + CRA adjustment ° GRE support fy + ‘Sovereign su
Slide 65: Appendix 2: Segment Analysis
Appendix 2: Segment Analysis
Slide 66: NLB Group key business segments
NLB Group key business segments(3) Corporate and Retail banking in Strategic foreign Financial markets in investment banking in Non-core members Slovenia markets Slovenia Slovenia Retail (NLB & N Banka) Corporate & Investment banking: NLB Banka, Skopje NLB & N Banka: REAM Micro (NLB & N Banka) - Key
Slide 67: Retail Banking in Slovenia
Retail Banking in Slovenia in EUR millions consolidated • Strong and stable market position in lending, 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ deposits, and asset management Net interest income 264.7 104.8 159.9 153% 79.7 74.7 34.1 7% • Significantly increased net interest
Slide 68: Retail banking in Slovenia
Retail banking in Slovenia High and stable market shares across products Market share of net loans to individuals (1) Market share of deposits from individuals (1) 36.1% 36.4% 36.8% 36.8% 36.9% 30.5% 30.2% 29.8% 30.1% 30.2% 33.9% 26.9% 29.6% 29.7% 30.2% 29.9% 29.8% 25.1% 21.5% 18.0% 19.4% 24.4% 15.2
Slide 69: Corporate and Investment banking in Slovenia
Corporate and Investment banking in Slovenia in EUR millions consolidated 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ Net interest income 106.5 52.9 53.5 101% 32.1 29.2 16.0 10% Net interest income from Assets (i) 62.2 53.7 8.5 16% 17.4 16.3 13.3 7% Net interest income from Lia
Slide 70: Corporate & Investment Banking in Slovenia
Corporate & Investment Banking in Slovenia High market shares across products Market share of Corporate Banking – evolution and position on the market (1) • The Bank cooperates with almost 11,000 corporate clients and holds 39.0% 39.2% 39.1% 39.2% 38.6% over 25% market share in loans, over 23% in de
Slide 71: Financial Markets in Slovenia
Financial Markets in Slovenia in EUR millions consolidated 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ • A further diversification of liquidity reserves, reinvestment of matured securities and increased Net interest income 37.8 47.3 -9.6 -20% 3.6 6.4 16.5 -44% Net interest inco
Slide 72: Financial markets in Slovenia
Financial markets in Slovenia Liquid assets evolution (EURm) Well diversified banking book by geography (31 December 2023) Luxembourg Sweden Spain 7.951 3% 3% 7.501 4% 678 Finland 6.767 4% 741 Other 5.859 457 Austria 31% 5% 5.001 583 2.928 2.935 545 2.977 Netherlands 6% 26 2.952 EUR 2.928 bn Assets
Slide 73: Strategic Foreign Markets
Strategic Foreign Markets in EUR millions consolidated • Double-digit jump in net interest income and 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ increased net interest margin in all banking Net interest income 423.2 298.0 125.2 42% 115.7 111.2 84.8 4% members. Interest income
Slide 74: Non-Core Members
Non-Core Members in EUR millions consolidated • Non-core companies continued to 1-12 2023 1-12 2022 Change YoY Q4 2023 Q3 2023 Q4 2022 Change QoQ monetize assets in line with the divestment Net interest income 1.5 0.3 1.3 - 0.9 0.2 0.1 - plans. Net non-interest income -1.7 4.4 -6.1 - 1.2 -0.9 2.0 -
Slide 75: Appendix 3: Financial Statements
Appendix 3: Financial Statements 75
Slide 76: Dividends and non-recurring items influenced 2023 results
Dividends and non-recurring items influenced 2023 results (EURm) NLB d.d. NLB Group In 2023 NLB released total of EUR 97.8 million impairments in subsidiaries due to increase in their recoverable amounts. The Result a.t. 514.3 550.7 recoverable amounts have been calculated based on value in use, Div
Slide 77: NLB Group Income Statement
NLB Group Income Statement 1-12 1-12 (EURm) YoY Q4 2023 Q3 2023 Q4 2022 QoQ 2023 2022 Interest and similar income 993.4 569.8 74% 285.4 267.7 170.4 7% Interest and similar expense -160.1 -64.9 -147% -53.5 -46.2 -18.5 -16% Net interest income 833.3 504.9 65% 231.9 221.5 151.8 5% Fee and commission in
Slide 78: NLB Group Statement of Financial Position
NLB Group Statement of Financial Position (EURm) 31 Dec 2023 31 Dec 2022 YtD (EURm) 31 Dec 2023 31 Dec 2022 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and Deposits from customers 20,732.7 20,027.7 4% other demand deposits at banks 6,103.6 5.271.4 16% Loans and advances to b
Slide 79: NLB d.d. Income Statement
NLB d.d. Income Statement 1-12 1-12 (EURm) YoY Q4 2023 Q3 2023 Q4 2022 QoQ 2023 2022 Interest and similar income 498.3 222.0 125% 156.0 136.2 71.0 15% Interest and similar expense -125.8 -44.9 -180% -42.5 -36.7 -13.9 -16% Net interest income 372.6 177.0 110% 113.5 99.4 57.2 14% Fee and commission in
Slide 80: NLB d.d. Statement of Financial Position
NLB d.d. Statement of Financial Position (EURm) 31 Dec 2023 31 Dec 2022 YtD (EURm) 31 Dec 2023 31 Dec 2022 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and Deposits from customers 11,881.6 10,984.4 8% other demand deposits at banks 4,318.0 3,339.0 29% - Corporates 3,237.5 2,8
Nova Ljubljanska banka d.d. (NLB Group) — FY2023 Earnings Presentation on 6ix