60th meeting of the Supervisory Board of NLB

Today, on 20 February, the Supervisory Board of NLB d.d. met for its 60th meeting and confirmed the unaudited results of the NLB Group for 2019. Another successful year was completed for the NLB Group, generating net profit in the amount of EUR 193.6 million in 2019. Total net operating income increased by 4%, profit before impairments and provisions by 4%, while NPE ratio was reduced significantly from 4.7% to 2.7%. All subsidiary banks in the SEE markets also operated with a profit and contributed 38% to the Group’s result (2018: 37%). NLB Group is now set for further enhancing a leading position in our markets.