Nova Ljubljanska Banka D.d. · LJSE:NLBR
Nova Ljubljanska Banka D.d — Q3 2024 Earnings Presentation
85 slides from Nova Ljubljanska Banka D.d's earnings presentation, 2024
Slide 1: NLB Group Presentation Q3 2024 Financial Results
NLB Group Presentation Q3 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: 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 23.9 1,133 217,719 20.9% (in EUR millions) (in EUR millions) NLB, Ljubljana NLB Komercijalna Banka, Beograd Market share Result after tax Total assets Active c
Slide 4: Market share composition across SEE markets
Market share composition across SEE markets Slovenia Serbia North Macedonia Kosovo NLB 31.1% Banca Intesa 15.6% Komercijalna banka 22.2% Raiffeisen Bank 19.9% Nova KBM 20.1% OTP Banka Srbija 14.1% Stopanska banka 17.9% NLB Prishtina 17.0% SKB banka 8.0% Raiffeisen banka 11.4% NLB banka 15.4% Kombeta
Slide 5: Key Highlights
Key Highlights Total assets (NLB Group, in EURm) Gross loans to customers (NLB Group, in EURm) Deposits from customers (NLB Group, in EURm) +15% YoY +9% w/o SLS Group +8% YoY +5% YoY 9% QoQ 2% QoQ 3% QoQ 3% w/o SLS Group 8 25,000 30.000 25.278,0 26.613,7 27.243,4 8 20,000 8 21,373.9 7 20,289.1 20,69
Slide 6: Key Highlights
Key Highlights Cost of Risk(1) (NLB Group, in bps) ROE (NLB Group, in %) 21.0% 20.2% 19.4% 18.9% 18.6% 10 -7 -12 -18 1-9 2023 1-12 2023 1-3 2024 1-6 2024 1-9 2024 -23 1-9 2023 1-12 2023 1-3 2024 1-6 2024 1-9 2024 Completion of the acquisition of the SLS Group and entering the Croatian Net interest m
Slide 7: Macro Overview
Macro Overview
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) 64.8 GDP (EURbn) 72.7 Population (m) 2.1 Population (m) 6.8 NBS loans as % of GDP(1) 42.0% NBS loans as % of GDP(1) 37.6% NBS deposits as
Slide 9: Regional economic growth mostly slowed down in Q2 2024
Regional economic growth mostly slowed down in Q2 2024, as government consumption substituted the declining household consumption. Group‘s region lost some momentum in Q2 2024 (from Q1 2024), but the available data bode well for a stronger Q3. 2023 2024 2025 Real GDP growth, % Economic growth of the
Slide 10: 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, unemployment rate changed little (but in all 2023 2024 2025 13,1% 13,2% 13,1% 12,7%12,4% 12,5% 12,0% 12,7%12,4% cases
Slide 11: 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 2023 and Q2 2024 annualized as of % GDP Deposit facility rate, October 2020 – October 2024 % 42.0 YE 23 Q2 24 40.3 34.7 34.3 32.5 32.5 24.5 20.
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, Q2 2024 annualized (1). Loans / Deposits August 2024, % (3) Retail NFC 47,8% 94,0% 84,5% 84,1% 81,9% 35,7% 76,7% 79,0% 30,4% 67,2% 27,3% 25,2% 24,1% 24,7% 2
Slide 13: Key Developments
Key Developments
Slide 14: Revenues and Cost Dynamics
Revenues and Cost Dynamics Net operating income continues to grow Costs (Group, EURm) +17% +10% w/o tax on BS Tax on balance sheet 423.7 Recurring net operating income (Group, EURm) 361.6 +15% +23% +16% w/o tax on BS 922.8 399.2 +4% 801.1 142.7 148.7 120.9 134.5 140.3 694.2 24.6 8.1 8.3 601.5 1-9 20
Slide 15: Profitability
Profitability SEE banks are contributing 57% to the Group's result Profit a.t. – quarterly evolution (EUR million) 163,8 152,0 144,2 140,0 135,5 All banks recorded profits and positively contributed to the Group’s overall result. The most significant contribution came from NLB, totalling EUR 171.6 m
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 500.3 million. +14% Main drivers of YoY dynamics in recurring pre-provision profit: 500.3 • Healt
Slide 17: Resilient Operating Income Performance
Resilient Operating Income Performance Result reflects strong underlying performance: income growth and recent leasing acquisition, while costs were influenced by the balance sheet tax in Slovenia Net profit of NLB Group – evolution YoY (in EURm) 4.1 26.3 -62.1 o/w -24.6 tax on BS -6.1 1.0 92.7 -12.
Slide 18: NLB Group's Balance sheet structure
NLB Group‘s Balance sheet structure Deposit (predominately from individuals) driven balance sheet Balance sheet structure (30 Sep 2024, in EURm) 27,243 27,243 Other assets 826 Total equity 3,311 Other liabilities Financial assets Subordinated 591 6,107 debt securities Other debt Deposits from banks
Slide 19: Loan dynamics
Loan dynamics Strong organic loan growth, additionally supported with the acquisition of the SLS Group NLB Group NLB(1) SEE banks(2) +17% +9% w/o SLS Group 10,000 6 8,000 6 8,000 3.5 8,469.1 8,000 573.1 5 7,000 5 7,000 3.0 7,235.3 6,000 6,000 +6% +11% 2.5 4 4 6,000 5,000 5,000 3,839.2 3,921.4 2.0 3
Slide 20: Interest rate environment
Interest rate environment Increased Fixed interest rate loans adding to reduced NII sensitivity Interest rates for loans to customers (quarterly, in %) NLB Group(1) NLB(2) SEE banks(3) 6.28% 6.47% 6.61% 6.52% 6.45% 5.64% 5.80% 5.94% 5.93% 5.88% 4.99% 5.15% 5.25% 5.29% 5.11% Q3 2023 Q4 2023 Q1 2024 Q
Slide 21: Deposit dynamics
Deposit dynamics Continuous inflow of retail deposits NLB Group NLB(1) SEE banks(2) +4% 16,000 14,460.3 15,074.3 1.0 15,000 1.0 15,000 1.0 14,000 2,633.9 2,282.6 +4% 12,000 10,000 8,543.8 8,861.9 10,000 +5% 10,000 702.3 990.3 8,000 0.5 0.5 5,916.5 6,212.3 0.5 Deposits from 6,000 12,177.7 12,440.4 1,
Slide 22: NLB Group Funding Driven by Deposits
NLB Group Funding Driven by Deposits Deposit interest rates are stable, deposit beta at 12% remains low (1) Interest rates for customer deposits (quarterly, in %) NLB Group(2) NLB(3) SEE banks(4) 0.66% 0.65% 0.63% 0.55% 0.55% 0.53% 0.48% 0.49% 0.52% 0.46% 0.46% 0.42% 0.38% 0.38% 0.43% Q3 2023 Q4 202
Slide 23: Well diversified securities portfolio
Well diversified securities portfolio Banking book securities by asset class Banking book securities by rating(2) (NLB Group, 30 Sep 2024) (NLB Group, 30 Sep 2024) Subordinated debt GGB 0,9% Subordinated 3,6% NR Covered bond Corporate 0,5% 1% BBB 1% 3,4% 7% A Multilateral Agency bank bonds 10,5% 32%
Slide 24: Performance indicators across banks in SEE countries
Performance indicators across banks in SEE countries North Slovenia Serbia Bosnia and Herzegovina Kosovo Montenegro Macedonia NLB Komercijalna NLB, Banka, NLB Banka, NLB Banka, NLB Banka, NLB Banka, NLB Banka, Ljubljana Beograd Skopje Banja Luka Sarajevo Prishtina Podgorica NLB Group Consolidated Da
Slide 25: Business Performance
Business Performance
Slide 26: Net interest income
Net interest income NII and NIM growing YoY, while NIM is decreasing QoQ Net interest margin, quarterly (in %) Net interest income of NLB Group (in EURm) 4.33% 4.38% 4.44% 4.41% 4.36% +15% 3.64% 3.74% 3.73% 3.63% 3.60% 694.2 3.09% 3.02% 2.84% 2.89% 2.81% 601.5 +6% +2% 890.9 Q3 2023 Q4 2023 Q1 2024 Q
Slide 27: Net non-interest income
Net non-interest income Strong growth of net fee & commission income Net non-interest income of NLB Group (in EURm) Net fee and commission income (in EURm) +15% +13% 229.8 231.9 199.4 205.6 168.6 15% +27% 153.5 +4% 231.9 +11% 78.9 81.9 205.6 70.9 77.7 86.2 67.7 60.0 51.9 58.2 52.0 63.3 78.9 81.9 19.
Slide 28: Costs
Costs Higher employee costs and balance sheet tax drove costs up Total costs of NLB Group (in EURm) # of employees(1) +17% +265 YoY +10% w/o tax on BS Employee costs 8,078 7,982 8,343 423.7 Other general administrative expenses 2,572 2,554 2,529 Tax on balance sheet 361.6 Depreciation and amortisati
Slide 29: Impairments and provisions
Impairments and provisions Net release of credit provisions due to changes in risk parameters Impairments and provisions of NLB Group (in EURm) CoR -23 -12 (bps) 13.9 Impairments and provisions for credit risk Other impairments and provisions 15.1 26,8 7.8 16,0 Release 12,3 -1.0 0.6 -4,5 -3,1 -3,2 -
Slide 30: NLB Group Assets
NLB Group Assets Total asset growth fueled by growth in net loans and financial assets Total assets of NLB Group – structure (EURm) +8% 5% YtD 27,243.4 26,613.7 25,942.0 825.9 10% 25,278.0 767.5 752.5 624.6 6.106,9 27% 4.653,1 4.803,7 5.919,9 13.734,6 15% 13.666,1 14.399,3 15.739,3 6.334,3 6.651,2 5
Slide 31: NLB Group Funding Structure
NLB Group Funding Structure Average cost of funding is increasing due to MREL and deposit repricing Funding structure of the NLB Group (Group, EURm) Increasing average cost of funding (quarterly data) +6% 6.13% 6.10% 5.96% 5.78% +4% YtD 5.66% 23,932.6 23,467.8 590,9 1% 22,994.0 586,8 25% 22,481.3 58
Slide 32: Capital
Capital Capital position enabling growth and dividend distribution In 2024, the capital requirements decreased due to an improved SREP assessment NLB Group's capital and surplus above the regulatory requirements OCR + in EUR millions OCR P2G Surplus above 14.34% 15.34% regulatory Structure CBR (Comb
Slide 33: RWA structure
RWA structure Prudent RWA management to improve capital ratios RWA structure (in EURm) On a consolidated basis, the Group uses the Standardised approach for calculating RWA for credit and market risk while using a Basic indicator RWA / 59% approach for calculating operational risk. Total 59% 61% 63%
Slide 34: NLB Wholesale Funding: Multiple Point of Entry (MPE) Resolution Strategy
NLB Wholesale Funding: Multiple Point of Entry (MPE) Resolution Strategy Two successful bond issuances in 1-9 2024 contributed to the MREL capacity as the Resolution Group increases due to the inclusion of the SLS Group Evolution of MREL eligible funding, the MREL requirement and the NLB Group follo
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 Outstanding notes as at 30 September 2024: Type of the notes ISIN code Issue Date Maturity First call date Interest Rate Nominal Value Senior Preferred XS282
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 Corporate and retail credit portfolio by segment (Group, 30 Sep 2024, % and EURm) +7% +14% +31% 4.373 4.373 Retail 4.276 +9% SME 4.013 3.932 4.105 4.097 consumer 3.649 3.764 3.523 27% 26% 3.115 3.195
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, 30 September 2024) Credit porfolio in EUR thousands ∆ 3Q ∆ YtD Corporate sector by industry NLB Group % 2024 2024 Accommodation and food service activiti
Slide 39: NLB Group Asset Quality
NLB Group Asset Quality Industry diversification in manufacturing and trade Corporate credit portfolio (Group, 30 June 2024) Credit porfolio in EUR thousands Credit porfolio in EUR thousands ∆ 3Q ∆ YtD ∆ 3Q ∆ YtD Corporate sector by industry NLB Group % Corporate sector by industry NLB Group % 2024
Slide 40: NLB Group Asset Quality
NLB Group Asset Quality Automotive industry representing 5% of the Group Corporate portfolio Corporate credit portfolio (Group, 30 Sep 2024) Car Sales & maintenance Car Sales & maintenance Manufacturing of car components in NLB-G Banks in NLB-G leasing companies in NLB Group Montenegro France Serbia
Slide 41: NLB Group Asset Quality
NLB Group Asset Quality • Stage1 increase due to the High % of Stage 1 Credit portfolio (measured at amortized cost & FVTPL) acquisition of SLS Group (Corporate EUR +404 m and Retail EUR +562 m) Credit portfolio (1) by stages (Group, 30 September 2024, in EURm) in EUR millions Credit portfolio Provi
Slide 42: Asset Quality – NLB Group
Asset Quality – NLB Group NPL ratio remains stable Gross NPL ratio within the planned framework (Group, EURm) NPL cash and collateral coverage(1) (Group, %) 168% 160% 160% 2,000 120 148% 110.0% 103.8% 110 58% 98.9% 61% 56% 100 62% 86.1% 110% 1,500 90 99% 45% 104% 42% 40% 86% 28% 80 64.6% 63.5% 70 o\
Slide 43: Impairments and provisions for credit risk
Impairments and provisions for credit risk Provisions established due to portfolio development were outweighed by the release of written-off receivables in Q3 Cumulative net new impairments and provisions for credit risk (1-9 2024, in EUR million) -21.7 24.6 -26.5 • In Q3 2024 net impairments and pr
Slide 44: NII sensitivity to interest rate shifts – NLB Group
NII sensitivity to interest rate shifts – NLB Group Significantly reduced NII sensitivity NII sensitivity to various rate shocks Loan portfolio by type of EURIBOR (Group, 30 Sep 2024) (Group, EURm) 64.2 4% 33.5 13% 1M EURIBOR 3M EURIBOR 6M EURIBOR 12M EURIBOR 1M EURIBOR 43% EUR 6,125 m -35.6 41% 3M
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 BiH Kosovo 2% 2% 5% 12% N. Macedonia N. 2% Macedonia Montenegro Slovenia 16% Slovenia Serbia 5% 40% 38% EUR ~ 125 m 62% Serbia EUR ~ 191 m EUR ~
Slide 46: ESG & Digital
ESG & Digital
Slide 47: Key Targets and Achievements in Q3 2024
Key Targets and Achievements in Q3 2024 Climate (Net-zero) Strategy 14.6 (16.0) ESG Risk Rating (1) • The Group continued with measures to reduce its financed emissions and further committed to supporting clients in transitioning to a low-carbon economy and society. Read more: 1st Net Zero Disclosur
Slide 48: 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 49: Portfolio decarbonisation targets in four key target sectors
Aligned with NZBA commitment, NLB Group published portfolio decarbonisation targets in four key target sectors 49
Slide 50: 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 First Slovenian bank enabling 24/7 opening of personal account all POSes and the only bank with full d
Slide 51: Omnichannel – future sales platform
Omnichannel – future sales platform Uniformal omnichannel digital customer experience throughout the Group NLB Group # active digital & m-bank users (1) (in 000) digital m-bank +15% Digital to take primary role especially in transactions and daily banking 1,153 products contracting 1,085 1,038 1,000
Slide 52: Shareholder Information
Shareholder Information
Slide 53: Ratings – NLB d.d.
Ratings – NLB d.d. SACP – Stand Alone Credit Profile bbb- Anchor bbb- Business Position Adequate 0 Capital and earnings Adequate 0 Risk position Adequate 0 Funding Adequate 0 Liquidity Strong 0 CRA adjustment 0 Support +1 ALAC support +1 GRE support 0 Group support 0 Sovereign support 0 Additional f
Slide 54: Shareholder Information
Shareholder Information NLB Share Information NLBR and SBITOP (1Y performance, in %) 100% Listings 80% Ljubljana Stock Exchange Ordinary Shares NLBR 60% London Stock Exchange GDRs(1) NLB 40% 20% Share Information (30 Sep 2024) EUR 0% Number of Shares 20,000,000 -20% 2023-09-29 2023-12-29 2024-03-29
Slide 55: Management Board Remuneration
Management Board Remuneration Aligned with shareholder interests Fixed remuneration STI LTI • Reflects professional • 50% financial goals of • 50% relative total experience, NLB Group shareholder return responsibilities and duties • 30% business goals for • 50% long-term • Based on benchmarking each
Slide 56: Leasing M&A
Leasing M&A
Slide 57: With SLS acquisition, NLB Group strengthens its position in Slovenia to #1 and enters Croatia
With SLS acquisition, NLB Group strengthens its position in Slovenia to #1 and enters Croatia through Mobil Leasing offering After receiving all regulatory approvals, NLB acquired Summit Leasing on 11 September 2024 Ownership structure Comments • Leasing services are one of the strategic pillars of
Slide 58: Financial highlights: SLS approximately 3 times larger scale vs. NLB LG
Financial highlights: SLS approximately 3 times larger scale vs. NLB LG Contribution analysis in Slovenia as per 30th September 2024 (in EUR million) (1) Lending to customers (net) 301 851 26% 74% Assets Other investments 31 102 23% 77% Total Assets 331 953 26% 74% Funding / Loans 303 834 27% 73% Li
Slide 59: Integration project is targeting the merger in Q2 2025
Integration project is targeting the merger in Q2 2025 Nov 30, ‘23 Sep 11 ‘24 Oct 25, ‘24 Stream Q4 - 2023 Q1 – 2024 Q2 - 2024 Q3 - 2024 Q4 - 2024 Q1 - 2025 Q2 - 2025 Legal & Corporate governance Pre-closing phase Legal & Corporate governance Post-closing phase Legal, M&A process, Regulatory Risk ru
Slide 60: Integration of leasing entities in Slovenia is progressing according to the plan
Integration of leasing entities in Slovenia is progressing according to the plan, harmonisation with NLB Group initiated Status of the integration process • All regulatory approvals received; where ECB ultimately gave consent to acquire SLS and MBL on 7 August 2024 Legal, M&A process, • Proper gover
Slide 61: M&A is one of important pillars of NLB's Group Strategy '25–'30 execution
M&A is one of important pillars of NLB’s Group Strategy ‘25–’30 execution with recent M&A track record providing comfort over execution risk NLB M&A Timeline NOV – 21 APR – 22 MAY – 24 Q2 – 25 NOV – 18 KB Podgorica - KB Beograd - Generali Investments SLS – merger NLB IPO merged merged - closed targe
Slide 62: Outlook & Strategy
Outlook & Strategy
Slide 63: Outlook
Outlook Outlook Revised Outlook KPI for 2024 for 2025 Regular income ~ EUR 1,200 million ~ EUR 1,200 million CIR ~ 45% ~ 48% Cost of risk Below 20 bps 30-50 bps Loan growth High single-digit High single-digit EUR 220 million More than 40% Dividends (40% of 2023 profit) of 2024 profit ROE a.t. > 15%
Slide 64: Our 2030 Strategy
Our 2030 Strategy The leading bank in SEE, delivering against international best-practices across customer and operating model Retail Corporate & Investment Banking Operating Model (CIB) Expand leading position as #1 Become #1 CIB franchise in Push universal banking model into universal retail bank
Slide 65: Our Strategy 2030: This implies a step change in performance across key dimensions
Our Strategy 2030: This implies a step change in performance across key dimensions Impact ambition towards ... Strategic ambition 2030 Profitably scale Recurring revenues, in EURbn >2bn across the SEE Recurring profits, in EURbn >1bn region CIR, in % <45% RoE, in % >15% (1-2 pp. upside from strategi
Slide 66: Appendices
Appendices Appendix 1: Business Performance 67 Appendix 2: Segment Analysis 71 Appendix 3: Financial Statements 81
Slide 67: Appendix 1: Business Performance
Appendix 1: Business Performance
Slide 68: Key performance indicators of NLB Group
8 Key performance indicators of NLB Group Strong recurring revenues and resilient asset quality in EUR millions / % / bps 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ Key Incom e Statem ent Data Net operating income 924.0 800.8 15% 320.0 305.9 289.2 5% Net interest income 694.2 60
Slide 69: Off-balance sheet items
Off-balance sheet items Off-balance sheet items of NLB Group – structure (in EURm) Derivatives in EUR million 30 Sep 2024 30 Jun 2024 31 Dec 2023 30 Sep 2023 +36% +2% FX derivatives with customers 310.4 254.1 346.3 166.4 Interest rate derivatives with customers 421.7 425.8 449.0 453.2 7,227.0 7,378.
Slide 70: Net interest income evolution
Net interest income evolution YoY evolution (in EURm) +15% 47,7 -40.1 4.9 -33.1 694.2 54,5 -2.8 48,3 601.5 17.1 -3.7 1-9 2023 Balances Loans to banks Loans to Loans to Loans to state Securities Deposits from Funding Other 1-9 2024 with CB corporate individuals customers QoQ evolution (in EURm) +2% 2
Slide 71: Appendix 2: Segment Analysis
Appendix 2: Segment Analysis
Slide 72: NLB Group key business segments
NLB Group key business segments Corporate and Retail banking in Financial markets in Strategic foreign investment banking in Non-core members Slovenia Slovenia markets Slovenia Retail Corporate & Investment banking: Treasury activities NLB Komercijalna Banka, Beograd NLB Srbija - Key corporates NLB
Slide 73: Retail Banking in Slovenia
Retail Banking in Slovenia in EUR millions consolidated 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ Key highlights Net interest income 241.7 185.0 56.7 31% 82.3 79.4 74.7 4% (i) Net interest income from Assets 73.5 65.4 8.1 12% 27.9 23.0 21.8 21% Net interest income from Liabilit
Slide 74: 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 36.8% 36.9% 37.0% 36.2% 30.1% 30.2% 30.3% 30.7% 29.9% 29.8% 29.8% 30.3% 25.1% 19.4% 29.3% 30.3% 5.9% 5.8% 7.5% 4.4% 30 Sep 2023 31 Dec 2023
Slide 75: Corporate and Investment banking in Slovenia
Corporate and Investment banking in Slovenia in EUR millions consolidated 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ Net interest income 97.8 74.4 23.4 31% 32.5 32.9 29.2 -1% Net interest income from Assets (i) 57.8 44.7 13.1 29% 20.4 19.6 16.3 4% Key highlights: Net interest in
Slide 76: 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 • The Bank cooperates with over 11,000 corporate clients and holds 39.2% 38.6% 26.5% market share in loans, 21.9% in deposits and over 37.6% in 37.6%
Slide 77: Financial Markets in Slovenia
Financial Markets in Slovenia in EUR millions consolidated Key highlights: 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ Net interest income -4.2 34.1 -38.4 - -3.3 -3.0 6.4 -9% • The Bank successfully issued subordinated Net interest income w /o ALM(i) 19.7 17.5 2.2 12% 6.8 5.2 6.2
Slide 78: Financial markets in Slovenia
Well diversified banking book by geography (30 Sep 2024) Financial markets in Slovenia Spain Finland Slovakia 4% 2% Netherlands 4% Liquid assets evolution (EURm) 4% Other 25% Austria 5% 7.501 7.951 678 7.304 Luxembourg 6.767 5% 741 622 5.859 457 EUR 4,221 bn 2.928 7% 583 2.935 Germany 2.977 4.224 As
Slide 79: Strategic Foreign Markets
Strategic Foreign Markets Key highlights in EUR millions consolidated 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ • Sustained growth and robust financial Net interest income 360.1 307.5 52.5 17% 122.2 119.0 111.2 3% outlook. Interest income 420.2 340.1 80.1 24% 143.4 139.0 124.5
Slide 80: Non-Core Members
Non-Core Members(1) Non-Core Members in EUR millions consolidated 1-9 2024 1-9 2023 Change YoY Q3 2024 Q2 2024 Q3 2023 Change QoQ Net interest income 0.7 0.7 0.1 13% 0.2 0.2 0.2 13% Net non-interest income 0.3 -2.8 3.1 - -0.1 -0.1 -0.9 3% Total net operating incom e 1.0 -2.2 3.2 - 0.1 0.1 -0.7 24% T
Slide 81: Appendix 3: Financial Statements
Appendix 3: Financial Statements
Slide 82: NLB Group Income Statement
NLB Group Income Statement 1-9 1-9 (EURm) YoY Q3 2024 Q2 2024 Q3 2023 QoQ 2024 2023 Interest and similar income 890.9 708.0 26% 306.2 291.9 267.7 5% Interest and similar expense -196.7 -106.5 -85% -72.4 -63.7 -46.2 -14% Net interest income 694.2 601.5 15% 233.7 228.3 221.5 2% Fee and commission inco
Slide 83: NLB Group Statement of Financial Position
NLB Group Statement of Financial Position (EURm) 30 Sep 2024 31 Dec 2023 YtD (EURm) 30 Sep 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and Deposits from customers 21,373.9 20,732.7 3% other demand deposits at banks 4,137.9 6,103.6 -32% - Corporates 5,894.0 5
Slide 84: NLB d.d. Income Statement
NLB d.d. Income Statement 1-9 1-9 (EURm) YoY Q3 2024 Q2 2024 Q3 2023 QoQ 2024 2023 Interest and similar income 480.2 342.4 40% 164.3 157.0 136.2 5% Interest and similar expense -154.7 -83.3 -86% -57.1 -49.9 -36.7 -14% Net interest income 325.5 259.1 26% 107.2 107.0 99.4 0% Fee and commission income
Slide 85: NLB d.d. Statement of Financial Position
NLB d.d. Statement of Financial Position (EURm) 30 Sep 2024 31 Dec 2023 YtD (EURm) 30 Sep 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and Deposits from customers 12,096.3 11,881.6 2% other demand deposits at banks 2,416.5 4,318.0 -44% - Corporates 3,140.1 3,
Nova Ljubljanska banka d.d. — Q3 2024 Earnings Presentation on 6ix