Nova Ljubljanska Banka D.d. · LJSE:NLBR
Nova Ljubljanska Banka D.d — Q1 2024 Earnings Presentation
78 slides from Nova Ljubljanska Banka D.d's earnings presentation, May 2024
Slide 1: NLB Group Presentation Q1 2024 Financial Results
NLB Group Presentation Q1 2024 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 6.3 1,084 213,489 20.4% (in EUR millions) (in EUR millions) NLB, Ljubljana NLB Komercijalna Banka, Beograd Market share Result after tax Total assets Active cl
Slide 6: Market share composition across SEE markets
Market share composition across SEE markets Slovenia Serbia North Macedonia Kosovo NLB 31% Banca Intesa 16% Komercijalna banka 24% Raiffeisen Bank 19% Nova KBM 21% OTP Banka Srbija 14% Stopanska banka (2) 18% NLB Prishtina 17% SKB banka 9% Raiffeisen banka 11% NLB banka 17% Kombetare Tregtare 16% In
Slide 7: Q1 setting strong foundation for 2024
Q1 setting strong foundation for 2024 Actual 1-3 2024 In the first three months of 2024, the Group generated EUR 140.0 million of Regular Income EUR 295 million profit after tax, a 17% YoY increase. However, the regular profit before impairments and provisions increased by 38% YoY. Costs EUR 132 mil
Slide 8: Macro Overview
Macro Overview
Slide 9: 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) 63.1 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 10: 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 pick up in 2024… 2023 2024 2025 Real GDP growth, % 5.1% 3.7% 4.0% In Group‘s region the annual growth picked 3.2% 3.3% 3.3% 3.2% 3.4% 2
Slide 11: Tight labour market in the region with historically low unemployment levels
Tight labour market in the region with historically low unemployment levels Labour markets are expected to remain tight… Unemployment rate, % According to the latest available data, 13.1% 13.2% 13.1%13.0%12.7% unemployment rate increased marginally in Q4 2023 2024 2025 12.7%12.4% 12.5% 12.0% 11.0% 2
Slide 12: NLB operates in countries with prudent monetary policy
NLB operates in countries with prudent monetary policy International reserves as % of GDP Central Bank interest rates evolution(1) International reserves, YE 2022 and YE 2023, % GDP Deposit facility rate, January 2022 – April 2023 % 40.3% YE 2022 38.7% 37.5% 36.3% 35.4% 34.7% 32.5% YE 2023 20.0% 14.
Slide 13: 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% 83.6% 82.4% 37% 35.6% 75.4% 74.3% 30.6% 27.1% 61.0% 62.2% 27% 25.3% 24.5% 19.9% 21.2% 1
Slide 14: Key Developments
Key Developments
Slide 15: Revenues and Cost Dynamics
Revenues and Cost Dynamics Net interest income growth outpacing cost growth, with good asset quality Costs (Group, EURm) +13% +13% -6% 140.2 Recurring net operating income (in EUR million) 132.4 132.4 117.1 117.1 +25% +25% -4% 307.0 294.6 294.6 1-3 2023 1-3 2024 Q1 2023 Q4 2023 Q1 2024 235.1 235.1 C
Slide 16: Profitability
Profitability Strong profitability with the SEE banks contributing 51% to the Group result Profit a.t. – quarterly evolution (EUR million) All banks recorded a profit and positively contributed to the 163.8 Group’s result. The most significant contribution of EUR 144.2 140.0 62.5 million came from N
Slide 17: Income Statement
Income Statement Strong operational performance increasing resilience of the NLB Group Result before impairments and provisions (Group, EURm) +33% +33% +9% 165.8 165.8 The result before impairments and provisions amounted to EUR 152.3 165.8 million. 124.8 124.8 Main drivers of YoY dynamics in recurr
Slide 18: 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) 5.0 -2.0 -15.2 -17.1 53.2 0.7 140.0 -4.7 0.0 120.1 66.9 1-3 2023 Net interest Net fee and Other net non- Tot
Slide 19: NLB Group's Balance sheet structure
NLB Group‘s Balance sheet structure Deposit (predominately from individuals) driven balance sheet Balance sheet structure (31 Mar 2024, in EURm) 26,026 26,026 Other assets 783 Total equity 3,100 Financial assets Other liabilities Subordinated 5,486 675 debt securities Other debt Deposits from banks
Slide 20: Loan dynamics
Loan dynamics Steady loan growth, with healthy new production despite higher interest rates NLB Group NLB(1) SEE banks(2) +2% 8,000 7,235.3 7,394.8 5.5 8,000 5.5 8,000 3.5 7,000 5.0 7,000 5.0 7,000 4.5 4.5 3.0 6,000 6,000 4.0 4.0 6,000 2.5 +1% +3% 5,000 3.5 5,000 3.5 5,000 3.0 3.0 2.0 4,000 4,000 3,
Slide 21: Interest rate environment
Interest rate environment Interest rates increasing at a slower pace Interest rates for loans to customers (quarterly, in %) NLB Group(1) NLB(2) SEE banks(3) 6.47% 6.61% 6.28% 5.92% 5.64% 5.80% 5.94% 5.60% 4.93% 5.22% 4.99% 5.15% 5.25% 4.27% 4.46% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2
Slide 22: Deposit dynamics
Deposit dynamics Steady deposit growth, increasing share of term deposits NLB Group NLB(1) SEE banks(2) +1% 15,000 14,460.3 14,554.6 1.0 15,000 1.015,000 2,282.6 2,502.1 0% 10,000 10,000 8,543.8 8,548.0 10,000 +2% 702.3 858.9 0.5 0.5 6,006.7 0.5 5,916.5 Deposits from 12,177.7 12,052.5 5,000 5,000 5,
Slide 23: NLB Group Funding Driven by Deposits
NLB Group Funding Driven by Deposits Deposit interest rates are increasing, nevertheless deposit beta at 10% remains low(1) Interest rates for customer deposits (quarterly, in %) NLB Group(2) NLB(3) SEE banks(4) 0.63% 0.52% 0.53% 0.46% 0.46% 0.43% 0.42% 0.38% 0.38% 0.28% 0.30% 0.24% 0.23% 0.25% 0.26
Slide 24: Well diversified securities portfolio
Well diversified securities portfolio Banking book securities by asset class (NLB Group, 31 March 2024) Banking book securities by rating (NLB Group, 31 March 2024) Subordinated GGB bank 2.9% 0.8% Covered bond Corporate Subordinated BBB NR Agency 0.3% 2% 1% 3,9% Agency 7% A Senior 6,3% 22% 28% Unsec
Slide 25: Performance indicators across banks in SEE countries
Performance indicators across banks in 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 Beograd Skopje Banja Luka Sarajevo Prishtina Podgorica NLB Group Consolidated D
Slide 26: Business Performance
Business Performance
Slide 27: 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% 4.44% +30% 4.14% +30% 0% 3.88% 3.74% 3.73% 3.64% 3.46% 232.2 231.9 232.2 3.14% 3.09% 3.02% 2.71% 2.84% 2.35% 179.0 179.0 292.8 285.4 292.8 207.0 2
Slide 28: Net non-interest income
Net non-interest income Strong YoY growth of Fee & Commission income Net non-interest income of NLB Group (in EURm) Net fee and commission income (in EURm) +5% 8% +5% +9% +8% -2% 63.0 65.9 63.0 60.6 65.9 71.1 72.4 71.1 66.1 66.1 66.1 71.1 66.1 72.4 71.1 50.3 53.5 50.3 49.6 49.6 6.8 3.6 6.8 3.6 2.8 -
Slide 29: Costs
Costs General inflation, IT enhancements and tax on total assets drove costs Total costs of NLB Group (in EURm) +13% # of employees(1) +13% -6% -195 YoY 140.2 132.4 132.4 8,194 7,982 7,999 117.1 117.1 2,436 2,554 2,524 74.7 72.2 72.2 66.8 66.8 5,233 5,121 5,158 252 273 307 317 51.8 31 Mar 2023 31 De
Slide 30: Impairments and provisions
Impairments and provisions Net establishment of credit provisions – Cost of risk stood at 10 bps Impairments and provisions of NLB Group (in EURm) CoR -37 10 (bps) 12.4 12.4 Impairments and provisions for credit risk Release Other impairments and provisions 18.4 18.4 Establishment -6.0 -4.4 -6.0 -4.
Slide 31: 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) +8% 0% YtD 25,942.0 26,025.7 752.5 782.6 4% 24,011.8 658.2 14% 4,803.7 5,485.9 4,582.5 13,734.6 1% 13,859.9 13,137.7 5,633.4 6,651.2 5,897.4 -11% (1) 31 Mar 2
Slide 32: 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) 6.13% 5.66% 5.78% +7% YtD 0% 4.87% 4.73% 22,994.0 22,925
Slide 33: Capital
Capital Capital position enabling growth and dividend distribution In 2024, the capital requirements decreased due to an improved SREP assessment Capital realisation YtD and surplus of NLB Group as of 31 March 2024 OCR + in EUR millions P2G Structure CBR (Combined Buffer): OCR 15.23% 31 Mar 2024 31
Slide 34: RWA structure
RWA structure Prudent RWA management to improve capital ratios On a consolidated basis, the Group uses the Standardised approach for calculating RWA for credit and market risk while using a Basic indicator RWA structure (in EURm) approach for calculating operational risk. RWA 59% 61% 59% 59% Density
Slide 35: 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 39.17% 40.24% 41.59% group raising its MREL debt 36.31% 35.00%
Slide 36: NLB Wholesale Funding
NLB Wholesale Funding Wholesale funding is driven by MREL requirement and by ambition to further strengthen and optimize the capital structure Outstanding notes as at 31 March 2024: Type of the notes ISIN code Issue Date Maturity First call date Interest Rate Nominal Value Senior Preferred XS2641055
Slide 37: Asset Quality
Asset Quality
Slide 38: Asset Quality – NLB Group
Asset Quality – NLB Group Diversified corporate and retail credit portfolio, focused on core markets Dec-21 Corporate and retail credit portfolio by segment (Group, 31 Mar 2024, % and EURm) Dec-22 Dec-23 4,105 4,171 Mar-24 Retail 3,932 SME 3,649 3,764 3,715 consumer 23% 27% 3,195 3,131 3,223 2,881 2
Slide 39: NLB Group Asset Quality
NLB Group Asset Quality Portfolio diversification reduces risk, no large concentration in any specific industry Corporate credit portfolio (Group, 31 Mar 2024) Credit porfolio in EUR thousands ∆ YtD Corporate sector by industry NLB Group % 2024 Accommodation and food service activities 188,970 3% -9
Slide 40: NLB Group Asset Quality
NLB Group Asset Quality Industry diversification in manufacturing and trade Corporate credit portfolio (Group, 31 Mar 2024) Credit porfolio in EUR thousands Credit porfolio in EUR thousands ∆ YtD ∆ YtD Corporate sector by industry NLB Group % Corporate sector by industry NLB Group % 2024 2024 Manufa
Slide 41: 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 Mar 2024, in EURm) in EUR million Credit portfolio Provisions and FV changes for credit portfolio Stage1 Stage2 Stage3 & FVTPL Stage1 Stage2 Stage3 & FVTPL Covera
Slide 42: Asset Quality – NLB Group
Asset Quality – NLB Group NPL ratio slightly increased. Improved coverage by provisions and collateral. Gross NPL ratio within the planned framework (Group, EURm) NPL cash and collateral coverage(1) (Group, %) 168% 169% 160% 2,000 120 148% 110.0% 110.5% 58% 58% 98.9% 110 61% 62% 100 86.1% 110% 111%
Slide 43: Impairments and provisions for credit risk
Impairments and provisions for credit risk Positive CoR in 2024, portfolio development led to newly established provisions in Q1 Quarterly net new impairments and provisions for credit risk (w/o off-balance, Q1 2024, in EURm) release 0.7 establishment In Q1 2024 net impairments and provisions for cr
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 March 2024) (Group, EURm) 73.7 4% 37.3 12% 1M EURIBOR 3M EURIBOR 6M EURIBOR 12M 1M EURIBOR EURIBOR 32
Slide 45: Specific Commercial Real-estate financing
Specific Commercial Real-estate financing Limited and carefully monitored portfolio Retail shopping centres Office & Congress centres Hotels Others Kosovo 2% Kosovo 2% 12% Macedonia Macedonia 1% 19% Montenegro Slovenia Slovenia Serbia 6% 42% 41% 59% Serbia EUR ~ 131 m EUR ~ 160 m 7% EUR ~ 176 m Mont
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 Q1 2024
Key Targets and Achievements in Q1 2024 NLB Group Sustainability Report 2023 published and available on the NLB website: https://www.nlb.si/sustainability 16.0 ESG Risk Rating Improved from 17.7 in 2022: low risk, ranking: top 13% of all Climate (Net-zero) Strategy banks assessed • In line with its
Slide 49: 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 €1.9 zero portfolio journey with four targets for all sectors 1. Power Generation 2. Iron and Steel 3. Comme
Slide 50: Portfolio decarbonisation targets in four key target sectors
Aligned with NZBA commitment, NLB Group published portfolio decarbonisation targets in four key target sectors 50
Slide 51: 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 52: 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 53: Leasing M&A
Leasing M&A
Slide 54: 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 55: 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 56: Outlook
Outlook
Slide 57: Outlook
Outlook Last Outlook Revised Outlook Revised Outlook KPI for 2024 for 2024 for 2025 Regular income > EUR 1,100 million ~ EUR 1,200 million ~ EUR 1,200 million CIR < 50% ~ 45% ~ 45% Cost of risk 20-40 bps 20-40 bps 30-50 bps Loan growth Mid single-digit Mid single-digit High single-digit EUR 220 mill
Slide 58: Appendices
Appendices Appendix 1: Business Performance 59 Appendix 2: Segment Analysis 64 Appendix 3: Financial Statements 74
Slide 59: Appendix 1: Business Performance
Appendix 1: Business Performance
Slide 60: 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 Q1 2024 Q4 2023 Q1 2023 Change YoY Change QoQ 1% Key Income Statement Data Net operating income 298.1 292.5 241.9 23% 2% 15,000 14,
Slide 61: Off-balance sheet items
Off-balance sheet items Off-balance sheet items of NLB Group – structure (in EURm) Derivatives +20% +6% 6,688.5 6,300.8 5,573.4 1,651.0 1,631.6 1,507.1 31.8 41.0 34.0 2,421.9 2,487.5 2,501.4 The majority of NLB Group derivatives are concluded by NLB either for hedging of the banking book or for trad
Slide 62: Net interest income evolution
Net interest income evolution YoY evolution (in EURm) +30% 12.1 -15.7 2.2 232.2 19.7 -12.3 1.3 23.4 0.7 179.0 21.9 1-3 2023 Balances Loans to Loans to Loans to Loans Securities Deposits Funding Other 1-3 2024 with CB banks corporate individuals to state from customers QoQ evolution (in EURm) 0% -3.5
Slide 63: 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 ° Capital baa3 Capital and earnings Adequate o Profitability baat Risk position Adequate 0 + CRA adjustment 0 GRE support fy + ‘Sovereign s
Slide 64: Appendix 2: Segment Analysis
Appendix 2: Segment Analysis
Slide 65: NLB Group key business segments
NLB Group key business segments(3) Corporate and Retail banking in Financial markets in Strategic foreign investment banking in Non-core members Slovenia Slovenia markets Slovenia Retail (NLB & N Banka) Corporate & Investment banking: NLB & N Banka: NLB Komercijalna Banka, Beograd NLB Srbija Micro (
Slide 66: Retail Banking in Slovenia
Retail Banking in Slovenia in EUR millions consolidated 1-3 2024 1-3 2023 Change YoY Q1 2024 Q4 2023 Q1 2023 Change QoQ Net interest income 80.1 49.3 30.8 62% 80.1 79.7 49.3 0% (i) Net interest income from Assets 22.6 22.6 0.0 0% 22.6 21.8 22.6 3% Net interest income from Liabilities(i) 57.5 26.7 30
Slide 67: 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) 29.7% 30.2% 30.2% 36.4% 36.9% 37.0% 30.2% 29.8% 28.1% 29.7% 25.1% 18.0% 7.7% 5.0% 5.8% 31 Mar 2023 31 Dec 2023 31 Mar 2024 31 Mar 2023 3
Slide 68: Corporate and Investment banking in Slovenia
Corporate and Investment banking in Slovenia in EUR millions consolidated 1-3 2024 1-3 2023 Change YoY Q1 2024 Q4 2023 Q1 2023 Change QoQ Net interest income 32.4 21.2 11.2 53% 32.4 32.1 21.2 1% Net interest income from Assets(i) 17.8 14.2 3.6 26% 17.8 17.4 14.2 2% Net interest income from Liabiliti
Slide 69: 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 39.2% 38.6% 38.2% over 25% market share in loans, over 22% in deposits and o
Slide 70: Financial Markets in Slovenia
Financial Markets in Slovenia in EUR millions consolidated 1-3 2024 1-3 2023 Change YoY Q1 2024 Q4 2023 Q1 2023 Change QoQ Net interest income 2.1 14.7 -12.6 -86% 2.1 3.6 14.7 -41% (i) 7.7 6.5 1.1 17% 7.7 5.6 6.5 36% Net interest income w/o ALM o/w ALM -5.5 8.2 -13.7 - -5.5 -2.0 8.2 -173% Net non-in
Slide 71: Financial markets in Slovenia
Financial markets in Slovenia Well diversified banking book by geography (31 March 2024) Liquid assets evolution (EURm) 8,139 Luxembourg Slovakia 7,501 7,951 Spain 6,767 678 664 3% 3% 741 Finland 4% 5,859 457 4% Other 2,928 Austria 27% 583 3,604 2,935 5% 2,977 26 2,952 221 46 Netherlands 5% Assets 8
Slide 72: Strategic Foreign Markets
Strategic Foreign Markets in EUR millions consolidated 1-3 2024 1-3 2023 Change YoY Q1 2024 Q4 2023 Q1 2023 Change QoQ Net interest income 118.8 93.8 24.9 27% 118.8 115.7 93.8 3% Interest income 137.7 102.5 35.3 34% 137.7 132.4 102.5 4% Interest expense -18.9 -8.6 -10.3 -120% -18.9 -16.7 -8.6 -13% N
Slide 73: Non-Core Members
Non-Core Members(1) in EUR millions consolidated 1-3 2024 1-3 2023 Change YoY Q1 2024 Q4 2023 Q1 2023 Change QoQ Net interest income 0.4 0.0 0.4 - 0.4 0.9 0.0 -59% Net non-interest income 0.4 -1.0 1.4 - 0.4 1.2 -1.0 -62% Total net operating income 0.8 -1.0 1.8 - 0.8 2.0 -1.0 -61% Total costs -2.0 -2
Slide 74: Appendix 3: Financial Statements
Appendix 3: Financial Statements
Slide 75: NLB Group Income Statement
NLB Group Income Statement 1-3 1-3 (EURm) YoY Q1 2024 Q4 2023 Q1 2023 QoQ 2024 2023 Interest and similar income 292.8 207.0 41% 292.8 285.4 207.0 3% Interest and similar expense -60.6 -28.0 -116% -60.6 -53.5 -28.0 -13% Net interest income 232.2 179.0 30% 232.2 231.9 179.0 0% Fee and commission incom
Slide 76: NLB Group Statement of Financial Position
NLB Group Statement of Financial Position (EURm) 31 Mar 2024 31 Dec 2023 YtD (EURm) 31 Mar 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and other Deposits from customers 20,471.5 20,732.7 -1% demand deposits at banks 5,481.1 6,103.6 -10% - Corporates 5,504.3
Slide 77: NLB d.d. Income Statement
NLB d.d. Income Statement 1-3 1-3 (EURm) YoY Q1 2024 Q4 2023 Q1 2023 QoQ 2024 2023 Interest and similar income 158.9 95.5 66% 158.9 156.0 95.5 2% Interest and similar expense -47.6 -22.1 -116% -47.6 -42.5 -22.1 -12% Net interest income 111.3 73.4 52% 111.3 113.5 73.4 -2% Fee and commission income 45
Slide 78: NLB d.d. Statement of Financial Position
NLB d.d. Statement of Financial Position (EURm) 31 Mar 2024 31 Dec 2023 YtD (EURm) 31 Mar 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and Deposits from customers 11,633.1 11,881.6 -2% other demand deposits at banks 3,824.9 4,318.0 -11% - Corporates 2,990.6 3
Nova Ljubljanska banka d.d. (NLB Group) — Q1 2024 Earnings Presentation on 6ix