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May 11, 2023 23:20 EEST
May 11 (SeeNews) - Slovenian banking group NLB, the parent company of Nova Ljubljanska Banka [LJE:NLBR], said that its consolidated after-tax profit declined to 120.1 million euro ($131.1 million) in the first quarter of 2023, down 46% on the year.
NLB recorded the decline due to the negative goodwill coming from the acquisition of N Banka, while its net operating income increased 47% year-on-year to 241.9 million euro in January-March, it said in an interim financial report on Thursday.
Net interest income rose 66% to 179.0 million euro, whereas net non-interest income went up 10% to 63.0 million euro. Costs rose 14% to 117.1 million euro.
The ratio of non-performing loans was 2.4% at the end of March, the same as at the end of 2022.
The group's assets totalled 24.012 billion euro at the end of March, down from 24.160 billion euro a year earlier.
In Southeast Europe, the group is active in Bosnia and Herzegovina, North Macedonia, Kosovo, Serbia and Montenegro.
($ = 0.91609 euro)
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