PROFIT OF THE NLB GROUP 70% GREATER

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In the first six months of this year, NLB Group made a profit of €117.9m, which is €48.4m, or 70% more than in the same period last year. Good results of the NLB Group were also contributed by all affiliate offices outside Slovenia, with a total profit of €58.8m, which is 71% more compared to the same period last year.

NLB Bank Belgrade in this period recorded a profit after tax of €4.6m. “NLB Bank Belgrade supported the citizens and the economy of Serbia in the realization of personal and business plans with loans in the amount of EUR 108.5 million in the first six months of this year” said Branko Greganović, President of the Executive Board of NLB Bank Belgrade. He particularly referred to the growth of 50% in lending to the economy, as well as on cooperation with the agro segment. NLB Bank approved loans to farmers in the amount of €22m last year and ranks among three banks with the largest number of subsidized loans granted. “This year, only in the first six months, farmers supported more than €17m” Greganović said.

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