NLB GROUP IN THE FIRST NINE MONTHS IN 2018 GIVES THE PROFIT OF 158.3 MILLION EURO

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In the first nine months of this year, NLB Group posted a profit after tax of EUR 158.3 million. All members of the NLB Group, banks operating in the markets of South East Europe, achieved good business results and participated in the profit group with 42% (76.2 million euros).

NLB Bank Belgrade, a member of the NLB Group from Serbia, recorded a profit after tax of EUR 6.4 million in the first three quarters of this year.

Branko Greganović, President of the Executive Board of NLB Banka Beograd
“We are extremely satisfied with the results achieved. We continued to actively support the citizens and the economy and in the first nine months of this year invested almost 220 million euros in the realization of their personal and business plans, which is 35% more compared to the same period of 2017. We are particularly proud of the strengthened confidence of our clients, who increasingly trust us about their finances, which is supported by the total deposit growth in our bank of 16% compared to the first nine months of the previous year. The results were certainly contributed by our constant investment in modern, innovative solutions for our clients, such as the new mobile and electronic banking that we offered in October, at the same time with the introduction of instant payments.

What must be emphasized is the successful privatization of our parent bank through a public offering of shares, which is of great importance for the entire NLB Group, including NLB Bank Belgrade. The procedure was completed on November 14 this year with a listing on the stock exchanges in London and Ljubljana, and on that occasion, 59.1% of NLB stocks were sold successfully, with the possibility that this share could reach 65%. I am sure that with the new ownership structure we will have even more serious potential to adequately serve our clients, justify their trust and put them forward with the realization of an ambitious growth strategy in the Serbian market in the coming period. “

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