LJUBLJANA (Slovenia), April 9 (SeeNews) – Slovenian banking group NLB, the parent company of Nova Ljubljanska Banka [LJE:NLBR], said that its consolidated after-tax profit increased by 39% year-on-year to 270 million euro ($321.3 million) in 2020.
Net interest income fell by 5.6% to 300 million euro, while net non-interest income increased by 5.1% to 205 million euro, the group said in an unaudited annual financial report on Thursday.
Costs declined 3.6% to 294 million euro, due to lower employee costs and positive effects of cost management projects, which remain well contained through all cost categories and geographies.
The group's assets totalled 19.6 billion euro at the end of December, up from 14.2 billion euro a year earlier.
NLB Group's total capital ratio reached 16.6% at the end of December, which is 3.0 percentage points higher compared to the end-2019 figure and above the regulatory requirement of 14.75%.
NLB's shares closed down 0.39% at 51.60 euro on the Ljubljana Stock Exchange on Thursday.
Elsewhere in Southeast Europe, NLB Group is active in Bosnia, North Macedonia, Kosovo, Serbia and Montenegro.
($ = 0.840403 euro)
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