PROFIT OF THE NLB GROUP IN THE FIRST QUARTER IS 57,7 MILLION EUROS

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A member of the NLB Group in Serbia, NLB Bank Belgrade in 2017, realised a profit of 3.8 million euros and benefited more than EUR 220 million in loans to citizens and businesses.

Photo by Marco Secchi/Getty Images

The growth trend continued in the first part of 2018, during which a profit of 1.5 million euros was recorded. Branko Greganović, President of the Executive Board of NLB Banka Beograd, stated that “NLB Bank Belgrade has achieved good business results in the past three years and has laid a solid foundation for successful, viable business operations for the first quarter of 2018.” Over the first three months we invested over 60 million euros, 22 percent more than in the same period last year. At the same time, we achieved a 25% growth in deposits, which confirms the strengthened confidence of our clients. I would especially like to point out that this year we joined the programme of the Ministry of Agriculture, Forestry and Water Management, to help our clients improve their farms with financing at the most favorable conditions.”

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