Nova Ljubljanska Banka D.d. · LJSE:NLBR
Nova Ljubljanska Banka D.d — H1 2024 Earnings Presentation
82 slides from Nova Ljubljanska Banka D.d's earnings presentation, 2024
Slide 1: NLB Group Presentation Q2 and H1 2024 Financial Results
NLB Group Presentation Q2 and H1 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: 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 4: 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 16.7 1,107 214,370 20.2% (in EUR millions) (in EUR millions) NLB, Ljubljana NLB Komercijalna Banka, Beograd Market share Result after tax Total assets Active c
Slide 5: Market share composition across SEE markets
Market share composition across SEE markets(1) Slovenia Serbia North Macedonia Kosovo NLB 30.8% Banca Intesa 15.4% Komercijalna banka 22.2% Raiffeisen Bank 19.4% Nova KBM 19.5% OTP Banka Srbija 14.0% Stopanska banka 17.5% NLB Prishtina 16.6% SKB banka 8.2% Raiffeisen banka 11.3% NLB banka 15.8% Komb
Slide 6: Strong Q2, new strategy and M&A activities
Strong Q2, new strategy and M&A activities Actual 1-6 2024 In Q2 the Group generated EUR 152.0 million of profit after tax, a 9% QoQ EUR 603.9m Regular Income and 20% YoY increase. Q2: EUR 309.4m EUR 275m 2 successful bond issuances in H1: EUR 300m subordinated Tier 2 notes in Costs Q2: EUR 143m Jan
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) 64.2 GDP (EURbn) 71.1 Population (m) 2.1 Population (m) 6.8 NBS loans as % of GDP(1) 42.0% NBS loans as % of GDP(1) 36.8% NBS deposits as
Slide 9: Regional economic growth had a strong Q1 2024 and is expected to outperform the Eurozone
Regional economic growth had a strong Q1 2024 and is expected to outperform the Eurozone Group‘s region gained momentum ain Q1 2024 (from Q4 2023) and the available data bode well for an even stronger Q2. 2023 2024 2025 Real GDP growth, % Economic growth of the NLB Group 6,0% countries mostly accele
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, 13,1% 13,2% 13,1%13,0%12,7% unemployment rate changed little in Q1 2024, 2023 2024 2025 12,7%12,4% 12,5% 12,0% 10,9% a
Slide 11: NLB operates in countries with prudent and adaptive monetary policy
NLB operates in countries with prudent and adaptive monetary policy International reserves as % of GDP Central Bank interest rates evolution(1) International reserves YE 2023 and Q1 2024 annualized as of % GDP Deposit facility rate, January 2020 – July 2024 % YE 23 Q1 24 40,3% 38,5% 34,7% 33,5% 32,5
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, Q1 2024 annualized (1). Loans / Deposits May 2024, % (3) Retail NFC 47,8% 94,6% 84,5% 86,1% 82,1% 35,7% 77,0% 73,5% 30,4% 27,3% 61,4% 25,2% 24,1% 24,7% 21,6
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) Tax on balance sheet +14% 275.0 +15% Recurring net operating income (in EUR million) 240.7 +8% 132.4 142.7 +19% 258.8 123.6 603.9 124.3 134.6 16.2 8.1 8.1 506.1 1-6 2023 1-6 2024 Q2 2023 Q1 2024 Q2 2024 +14% Cost o
Slide 15: Profitability
Profitability SEE banks are contributing 58% to the Group's result Profit a.t. – quarterly evolution (EUR million) 163.8 152.0 144.2 140.0 All banks were profitable and positively contributed to the 122.6 Group’s result. The most significant contribution of EUR 113.3 million came from NLB, followed
Slide 16: Income Statement
Income Statement Strong operational performance increasing resilience of the NLB Group Result before impairments and provisions (Group, EURm) +21% The result before impairments and provisions amounted to EUR 329.0 329.0 million. Main drivers of YoY dynamics in recurring pre-provision profit: 270.9 •
Slide 17: Resilient Operating Income Performance
Resilient Operating Income Performance Result reflects strong underlying performance: income growth and release of provisions; costs were influenced by the balance sheet tax in Slovenia Net profit of NLB Group – evolution YoY (in EURm) -3.5 15,4 -34.3 -7.4 292.0 1.1 -0.6 -1.8 80,5 242.7 66.9 1-6 202
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 Jun 2024, in EURm) 26,614 26,614 Other assets 767 Total equity 3,146 Other liabilities Subordinated Financial assets 587 debt securities Other debt 5,920 Deposits from banks
Slide 19: Loan dynamics
Loan dynamics Strong loan growth in Q2 for both corporate and loans to individuals NLB Group NLB(1) SEE banks(2) +5% 8,000 7.632,5 5,5 8,000 5,5 8,000 3,5 7.235,3 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 +7% 2,5 +3% 5,000 3,5 5,000 3,5 5,000 3,0 3,0 3.783,8 2,0 4,000 4,000 3.6
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) 6.47% 6.61% 6.52% 6.28% 5.92% 5.80% 5.94% 5.93% 5.64% 5.25% 5.29% 5.22% 4.99% 5.15% 4.46% Q2 2023 Q3 2023 Q4 2023 Q
Slide 21: Deposit dynamics
Deposit dynamics Moderate migration to term deposits. Deposit base remains stable despite decline from corporate clients NLB Group NLB(1) SEE banks(2) +3% 14,460.3 14,899.9 15.000 1,0 15.000 1,015.000 1,0 2.282,6 2.586,2 +3% 10.000 10.000 8,543.8 8,796.0 10.000 +3% 702.3 930.0 0,5 0,5 6,103.9 0,5 5,
Slide 22: NLB Group Funding Driven by Deposits
NLB Group Funding Driven by Deposits Deposit interest rates are increasing, nevertheless deposit beta at 11% remains low (1) Interest rates for customer deposits (quarterly, in %) NLB Group(2) NLB(3) SEE banks(4) 0.66% 0.63% 0.55% 0.52% 0.53% 0.46% 0.48% 0.46% 0.42% 0.43% 0.38% 0.38% 0.28% 0.25% 0.3
Slide 23: Well diversified securities portfolio
Well diversified securities portfolio Banking book securities by asset class (NLB Group, 30 June 2024) Banking book securities by rating (NLB Group, 30 June 2024) Subordinated GGB bank 3,5% 1,0% NR Covered bond Corporate Subordinated 0,4% 2% BBB 1% Agency 3,8% 7% A Agency Senior 10,1% Senior Unsecur
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 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 25: Business Performance
Business Performance
Slide 26: Net interest income
Net interest income NII and NIM growing YoY and decreasing slightly QoQ Net interest margin, quarterly (in %) Net interest income of NLB Group (in EURm) 4.33% 4.38% 4.44% 4.41% 4.14% +21% 3.64% 3.74% 3.73% 3.63% 3.46% 460.4 3.09% 3.02% 2.84% 2.89% 2.71% 380.0 +14% -2% 232.2 228.3 584,7 Q2 2023 Q3 20
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) +9% +11% 143.6 131.7 150.0 +13% 134.6 15% +18% +11% 77.7 108.5 68.7 65.9 78.9 134.6 150.0 101.6 68.5 71.1 71.1 78.9 50.3 58.2 68.5 52.0 5.5 0.1
Slide 28: Costs
Costs Higher employee costs and balance sheet tax drove costs up Total costs of NLB Group (in EURm) # of employees(1) +14% -105 YoY 275.0 8,154 7,982 8,049 240.7 2,438 2,554 2,509 +15% 149.5 +8% 137.4 5,203 142.7 5,121 5,197 132.4 123.6 77.3 226 287 307 343 72.2 82.6 70.6 30 Jun 2023 31 Dec 2023 30
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 -38 -18 (bps) 17.8 Impairments and provisions for credit risk Other impairments and provisions 15.1 29.9 10.4 5.4 Release 16.0 11.7 11.5 -1.3 -1.0 -4.4
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% 3% YtD 26,613.7 25,942.0 26,025.7 24,701.5 767.5 2% 752.5 782.6 650.8 4,803.7 5,919.9 23% 5,485.9 4,553.7 13,734.6 5% 13,431.8 13,859.9 14,399.3 6,065.2 6,651.2 5,8
Slide 31: NLB Group Funding Structure
NLB Group Funding Structure Average cost of funding is increasing due to MREL eligible wholesale funding and deposit repricing Funding structure of the NLB Group (Group, EURm) Increasing average cost of funding (quarterly data) 6.13% 5.96% +6% 5.66% 5.78% +2% YtD 4.73% 23,467.8 22,994.0 22,925.7 586
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 P2G Structure CBR (Combined Buffer): OCR 15.23% Surplus above Capi
Slide 33: RWA structure
RWA structure Prudent RWA management to improve capital ratios On a consolidated basis, the Group uses the Standardised approach for RWA structure (in EURm) calculating RWA for credit and market risk while using a Basic indicator approach for calculating operational risk. RWA / 59% 61% 59% 60% Total
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 contributing to MREL 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 raisi
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 June 2024: Type of the notes ISIN code Issue Date Maturity First call date Interest Rate Nominal Value Senior Preferred XS28255583
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 June 2024, % and EURm) +3.6% +2.6% +8.0% Retail +5.7% 4,105 4,251 consumer SME 3,861 3,932 3,649 3,764 23% 27% 3,381 3,195 3,131 2,881 2,89
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 June 2024) Credit porfolio in EUR thousands ∆ 2Q ∆ YtD Corporate sector by industry NLB Group % 2024 2024 Accommodation and food service activities 19
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 ∆ 2Q ∆ YtD ∆ 2Q ∆ YtD Corporate sector by industry NLB Group % Corporate sector by industry NLB Group % 2024
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, 30 June 2024, in EURm) in EUR millions Credit portfolio Provisions and FV changes for credit portfolio • The Stage 2 allocation Stage 1 Stage 2 Stage 3 & FVTPL Stage
Slide 41: Asset Quality – NLB Group
Asset Quality – NLB Group NPL ratio stable. Improved NPL coverage by provisions. Gross NPL ratio within the planned framework (Group, EURm) NPL cash and collateral coverage(1) (Group, %) 168% 165% 160% 2,000 120 148% 110.0% 108.4% 58% 57% 110 61% 98.9% 62% 100 86.1% 110% 108% 1,500 90 99% 45% 42% 86
Slide 42: Impairments and provisions for credit risk
Impairments and provisions for credit risk Negative CoR in Q2 2024, revised risk parameters and changed overlays led to provision release Cumulative net new impairments and provisions for credit risk (1-6 2024, in EUR million) 23.2 -21.7 In Q2 2024 net impairments and provisions for credit risk were
Slide 43: 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, 30 June 2024) (Group, EURm) 65.5 33.2 13.22% 3.62% 1M EURIBOR 3M EURIBOR 6M EURIBOR EUR 5,606 m 1M EURIB
Slide 44: 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 3% 18% Montenegro Slovenia Slovenia Serbia 6% 41% 41% 59% EUR ~ 131 m EUR ~ 160 m Serbia EUR ~ 180 m 7% Mont
Slide 45: ESG & Digital
ESG & Digital
Slide 46: Key Targets and Achievements in H1 2024
Key Targets and Achievements in H1 2024 Climate (Net-zero) Strategy • In line with its ambition for a climate positive future, the Group continued with measures to 16.0 ESG Risk Rating (1) reduce its financed emissions and further committed to supporting clients in transitioning to a Improved from 1
Slide 47: 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 48: Portfolio decarbonisation targets in four key target sectors
Aligned with NZBA commitment, NLB Group published portfolio decarbonisation targets in four key target sectors 48
Slide 49: 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 50: Omnichannel – future sales platform
Omnichannel – future sales platform Uniformal omnichannel digital customer experience throughout the Group Digital to take primary role especially in transactions and daily banking products contracting NLB Group # active digital & m-bank users (1) (in 000) ✓ Full digital experience starting with new
Slide 51: M&A
M&A
Slide 52: Leasing M&A
Leasing M&A
Slide 53: 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 Market share by new production in 2023 Undisputed leader in the Slovenian vehicle leasing market • Founded in 2000, SLS Group is the #1 leasing provider for
Slide 54: High-level integration timeline
High-level integration timeline Following the approval from the Croatian Financial Services Supervisory Agency (HANFA) to acquire Mobil Leasing (Croatia) on 28 June 2024, the Bank obtained approval from the Slovenian Competition Protection Agency (AVK) to acquire Summit Leasing Slovenia on 18 July 2
Slide 55: Addiko takeover offer
Addiko takeover offer
Slide 56: Addiko at a glance
Addiko at a glance: a pan-regional platform which is perfect fit for NLB Overview of Addiko Geographic footprint Fully licensed bank with HQ in Austria, focused 100% on Central and South- Eastern Europe Austria (3%(1)) Listed on the Vienna Stock Exchange on 12 July 2019, admitted to ATX Prime on 15
Slide 57: Cements NLB's position as a leading banking group in our Home Region
Cements NLB’s position as a leading banking group in our Home Region Pro-forma NLB market share (by total assets) Pro-forma NLB market position (by total assets) #1 #1 Slovenia 30.2% 32.9% Croatia 0.0% 2.8% #6(1) #4(1) BiH RS #2 #2 Republika Srpska 20.4% 30.5% Serbia BiH Federation 6.2.% 10.1% 9.9%
Slide 58: Anticipated offer timeline
Anticipated offer timeline 7-Jun-24 16-Aug-24 20-Aug-24 20-Nov-24 Offer launch End of acceptance period Start of additional End of additional Start of the acceptance acceptance period acceptance period period (only if minimum 75% acceptance has been reached and all other CPs – excepts regulatory and
Slide 59: Outlook & Strategy
Outlook & Strategy
Slide 60: Outlook
Outlook Last Outlook Revised Outlook Revised Outlook KPI for 2024 for 2024 for 2025 Regular income ~ EUR 1,200 million ~ EUR 1,200 million ~ EUR 1,200 million CIR ~ 45% ~ 45% ~ 45% Cost of risk 20-40 bps Below 20 bps 30-50 bps Loan growth Mid single-digit High single-digit High single-digit EUR 220
Slide 61: Our Strategy 2030: 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 62: Appendices
Appendices Appendix 1: Business Performance 63 Appendix 2: Segment Analysis 68 Appendix 3: Financial Statements 78
Slide 63: Appendix 1: Business Performance
Appendix 1: Business Performance
Slide 64: Key performance indicators of NLB Group
Key performance indicators of NLB Group Strong recurring revenues and resilient asset quality Gross loans to customers (in EURm) 5% 14,063.6 14,726.7 15,000 8 6 10,000 4 5,000 2 0 0 -2 31 Dec 2023 30 Jun 2024 Net interest income (in EURm) -2% 232.2 228.3 Q1 2024 Q2 2024 Recurring result before impai
Slide 65: Off-balance sheet items
Off-balance sheet items Off-balance sheet items of NLB Group – structure (in EURm) Derivatives in EUR million 30 Jun 2024 31 Mar 2024 31 Dec 2023 30 Jun 2023 +32% FX derivatives with customers 254.1 275.9 346.3 177.0 Interest rate derivatives with customers 425.8 424.9 449.0 456.7 +15% FX derivative
Slide 66: Net interest income evolution
Net interest income evolution YoY evolution (in EURm) +21% 29,7 -30.2 3.8 -26.3 460.4 37,5 0.0 39,7 -1.0 380.0 27,2 1-6 2023 Balances Loans to banks Loans to Loans to Loans to state Securities Deposits from Funding Other 1-6 2024 with CB corporate individuals customers QoQ evolution (in EURm) -2% 23
Slide 67: Ratings – NLB d.d.
Ratings — NLB d.d. 67 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 + ‘Sovereig
Slide 68: Appendix 2: Segment Analysis
Appendix 2: Segment Analysis
Slide 69: 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 70: Retail Banking in Slovenia
Retail Banking in Slovenia in EUR millions consolidated 1-6 2024 1-6 2023 Change YoY Q2 2024 Q1 2024 Q2 2023 Change QoQ Net interest income 159.4 110.4 49.1 44% 79.4 80.1 61.1 -1% Net interest income from Assets (i) 45.6 43.6 2.0 5% 23.0 22.6 21.0 2% Net interest income from Liabilities (i) 113.8 66
Slide 71: 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% 37.0% 29.8% 30.2% 30.2% 30.3% 28.1% 29.3% 30.2% 29.8% 29.7% 29.8% 25.1% 14.6% 5.8% 5.0% 4.4% 6.9% 30 Jun 2023 31 Dec 2023
Slide 72: Corporate and Investment banking in Slovenia
Corporate and Investment banking in Slovenia in EUR millions consolidated 1-6 2024 1-6 2023 Change YoY Q2 2024 Q1 2024 Q2 2023 Change QoQ Net interest income 65.3 45.2 20.1 44% 32.9 32.4 24.0 2% Net interest income from Assets (i) 37.4 28.4 9.0 32% 19.6 17.8 14.2 10% Net interest income from Liabili
Slide 73: 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 26.5% market share in loans, 21.9% in deposits and over 37.6% in trade 39.1% 38.6%
Slide 74: Financial Markets in Slovenia
Financial Markets in Slovenia in EUR millions consolidated Key highlights: 1-6 2024 1-6 2023 Change YoY Q2 2024 Q1 2024 Q2 2023 Change QoQ Net interest income -0.9 27.7 -28.6 - -3.0 2.1 13.0 - • The Bank successfully issued subordinated Net interest income w /o ALM(i) 12.8 11.3 1.5 14% 5.2 7.7 4.7 -
Slide 75: Financial markets in Slovenia
Well diversified banking book by geography (30 June 2024) Financial markets in Slovenia Spain Finland Slovakia 3% 2% Netherlands 4% Liquid assets evolution (EURm) 4% Other 8.286 25% 7.951 Austria 7.501 628 5% 6.767 678 741 Luxembourg 5% 5.859 457 2.928 EUR 4,095 bn 583 4.097 2.935 2.977 7% 26 German
Slide 76: Strategic Foreign Markets
Strategic Foreign Markets Key highlights in EUR millions consolidated • Sustained growth, improved business 1-6 2024 1-6 2023 Change YoY Q2 2024 Q1 2024 Q2 2023 Change QoQ environment and robust financial outlook. Net interest income 237.8 196.4 41.4 21% 119.0 118.8 102.5 0% Interest income 276.7 21
Slide 77: Non-Core Members
Non-Core Members(1) in EUR millions consolidated 1-6 2024 1-6 2023 Change YoY Q2 2024 Q1 2024 Q2 2023 Change QoQ Net interest income 0.5 0.5 0.1 13% 0.2 0.4 0.5 -49% Net non-interest income 0.4 -1.9 2.3 - -0.1 0.4 -0.9 - Total net operating incom e 0.9 -1.4 2.3 - 0.1 0.8 -0.4 -86% Total costs -2.4 -
Slide 78: Appendix 3: Financial Statements
Appendix 3: Financial Statements
Slide 79: NLB Group Income Statement
NLB Group Income Statement 1-6 1-6 (EURm) YoY Q2 2024 Q1 2024 Q2 2023 QoQ 2024 2023 Interest and similar income 584,7 440,3 33% 291,9 292,8 233,2 0% Interest and similar expense -124,3 -60,3 -106% -63,7 -60,6 -32,2 -5% Net interest income 460,4 380,0 21% 228,3 232,2 201,0 -2% Fee and commission inco
Slide 80: NLB Group Statement of Financial Position
NLB Group Statement of Financial Position (EURm) 30 Jun 2024 31 Dec 2023 YtD (EURm) 30 Jun 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks and other Deposits from customers 20.693,8 20.732,7 0% demand deposits at banks 5.116,3 6.103,6 -16% - Corporates 5.356,8 5
Slide 81: NLB d.d. Income Statement
NLB d.d. Income Statement 1-6 1-6 (EURm) YoY Q2 2024 Q1 2024 Q2 2023 QoQ 2024 2023 Interest and similar income 315,9 206,2 53% 157,0 158,9 110,7 -1% Interest and similar expense -97,6 -46,5 -110% -49,9 -47,6 -24,5 -5% Net interest income 218,3 159,6 37% 107,0 111,3 86,2 -4% Fee and commission income
Slide 82: NLB d.d. Statement of Financial Position
NLB d.d. Statement of Financial Position (EURm) 30 Jun 2024 31 Dec 2023 YtD (EURm) 30 Jun 2024 31 Dec 2023 YtD ASSETS LIABILITIES & EQUITY Cash, cash balances at central banks Deposits from customers 11.744,1 11.881,6 -1% and other demand deposits at banks 3.489,7 4.318,0 -19% - Corporates 2.795,9 3
Nova Ljubljanska banka d.d. — H1 2024 Earnings Presentation on 6ix