NLB Group Paves the Way to Achieving Strategic Ambitions with EUR 514.6 Million in Net Profit for 2024

Global economic development that held up well in the first half of the year, albeit being more moderate later, nevertheless supported NLB Group’s performance. All our banking members in our home region of SEE strengthened their market positions, with subsidiaries delivering solid net earnings and contributing 58.2% to the Group’s after-tax result. This further underscores the importance of diversified operations – not only in banking but across the broader financial sector, which ultimately remains a key pillar of the Group’s vision for the future. NLB Group is firmly positioned for further growth and development, continued delivery on shareholders’ expectations – indeed, we expect this year’s dividend payout to reach 50% of 2024’s profit – and the ability to continue supporting all the markets, societies, and communities in our home region where we operate.

The Supervisory Board is satisfied with the Group’s strong baseline performance, exemplifying that even in a dynamic environment, the Group maintains its resilience and prudence in decision-making. Our operating model is future-oriented, focused on end-to-end process optimisation and subsequent digitalization, allowing scalability, understanding of technology and data, and the talent required to utilise it productively, investing in it to help transform the bank. The end game is to serve the clients better and with more tailor-made solutions, enhancing their user experience. That said, we are confidently looking ahead towards our communicated strategic ambitions and our ability to deliver on long-term growth targets and the creation of lasting value for all stakeholders.