January 20 (SeeNews) - Slovenia's largest lender, state-owned Nova Ljubljanska Banka (NLB), said on Friday the group's preliminary results in 2016 indicate that it has successfully closed its third year in a row.
"I am pleased to see the stable and – most importantly – sustainably profitable performance, which is the best prospect for the future of this Bank and its Group”, Primoz Karpe, chairman of NLB’s supervisory board, is quoted saying in a statement posted with the Ljubljana bourse.
The positive results are owed to a proactive approach and regular monitoring and follow-up of non-performing exposures and loans, NLB noted.
The preliminary results also show that the non-performing loans are managed well, since the Group has substantially decreased their volume for the second consecutive year, it added.
Earlier today, Slovenian state holding company SDH said it plans to continue with NLB's sale in 2017.
In September, SDH said that preparations for the sale of the bank by means of an initial public offering (IPO) continue with the aim to complete the transaction by the end of 2017.
NLB was one of two Slovenian banks alongside NKBM to show a minor capital shortfall under the adverse scenario of the stress test conducted by the European Central Bank in October 2014.
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