Slovenia's NLB after-tax profit rises 17% y/y in Q1

The performance in the first quarter is confirmation that the group is well on track to bring about the expected results, communicated in the 2024 outlook, NLB said in an interim financial report on Wednesday.

Net interest income rose 30% to 232.2 million euro, whereas net non-interest income went up 5% to 65.9 million euro. Costs rose 13% to 132.4 million euro.

The ratio of non-performing loans was 2.2% at the end of March, up from 2.1% at the end of 2023.

The group's assets totalled 26.026 billion euro at the end of March, up from 24.012 billion euro a year earlier.

In Southeast Europe, the group is active in Bosnia and Herzegovina, North Macedonia, Kosovo, Serbia and Montenegro.

($ = 0.9316 euro)