Bosnia's NLB Banka Banja Luka to pay lower dividend for 2023

NLB Banka Banja Luka will distribute as dividend 14.8 million marka out of its 2023 net profit, it said in a bourse filing.

The lender's shareholders approved the plan at a meeting on June 27.

The bank's net profit increased 36.7% year-on-year to 43.8 million marka in 2023.

The bank's shares last traded on the Banja Luka Stock Exchange (BLSE) on March 30, when they closed 15.28% higher at 4,611 marka.

The bank is based in Banja Luka, the main city of Bosnia's Serb Republic, one of two entities that form Bosnia and Herzegovina. The Slovenian banking group has another subsidiary in Bosnia - NLB Banka based in Sarajevo, in the Federation entity.

(1 euro = 1.956 marka)