NLB Group is the largest banking and financial group in

Slovenia Slovenia, officially the Republic of Slovenia, is a country in Central Europe. It borders Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and a short (46.6 km) coastline within the Adriati ...

, with the core of its activity being in

Southeast Europe Southeast Europe or Southeastern Europe is a geographical sub-region of Europe, consisting primarily of the region of the Balkans, as well as adjacent regions and Archipelago, archipelagos. There are overlapping and conflicting definitions of t ...

. NLB has been designated as a Significant Institution since the entry into force of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

in late 2014, and as a consequence is directly supervised by the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

History

Nova Ljubljanska banka NLB Group is the largest banking and financial group in Slovenia, with the core of its activity being in Southeast Europe. NLB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 201 ...

was formed in 1994 from the restructuring of

Ljubljanska banka Ljubljanska Banka () was a bank in Yugoslavia, named after and based in Ljubljana and founded in 1955. In the aftermath of the independence of Slovenia in 1991, it encountered financial distress. It was liquidated in 1994 and its operations were ...

, a Yugoslav bank originally formed in 1955 and nationalized by the newly independent government of Slovenia in 1991. Banking members of NLB Group cover markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka, NLB Banka Podgorica, several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down. NLB d.d. is as of 14 November 2018 a publicly listed company owned by a diversified investor base and whose largest shareholder is the Republic of Slovenia with a 25% plus one share. With the acquisition of the Serbian Komercijalna banka in December 2020, the Group further strengthened its strategic and systemic position in the region and now holds a top 3 position in six out of seven markets where it has a banking presence. In March 2022, the EU unit of

Sberbank The Public JSC Sberbank (, initially a contraction of ) is a Russian majority state-owned banking and financial services company headquartered in Moscow. As the Russian successor entity of the State Labor Savings Banks System of the USSR, it was ...

went into insolvency due to the EU sanctions in reaction to the

2022 Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

and the

Single Resolution Board The Single Resolution Board (SRB) is an EU agency that was established in Brussels in 2015 as part of the broader set of reforms known as the banking union. It acts as the bank resolution authority for a subset of banks in the euro area and as t ...

decided to transfer all shares of the Sberbank's Slovenian subsidiary, later renamed to N Banka, to NLB. On 2 March, NLB officially bought the local unit of Sberbank, thus increasing its assets by approximately 1.0 billion euros. In September 2023 operational merger of N Banka to NLB was successfully completed. In November 2023, NLB entered into an agreement to acquire a 100% shareholding in SLS HOLDCO, holdinška družba, the parent company of Summit Leasing Slovenija and its Croatian subsidiary, Mobil Leasing; with transaction successfully completed in September 2024. NLB Group concluded the financial year 2024 with a strong profit after tax result at EUR 514.6 million, with pre-provision profit up a respectable 9% YoY (EUR 51.2 million). When publishing 2024 unaudited results, Group announced that shareholder returns will remain a priority, with the expected 50% dividend pay-outs in 2025, out of 2024’s profit. In the first three months of 2025 - a period that challenged the resilience of businesses, NLB Group delivered a solid result of EUR 125.8 million in net profit, with strategic members contributing 62% to the result, further confirming the importance of the Group’s business diversification.

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External links

* Banks of Slovenia Companies based in Ljubljana Banks established in 1994 Slovenian brands 1994 establishments in Slovenia Banks under direct supervision of the European Central Bank {{Slovenia-stub

History

See also

References

External links