LJUBLJANA (Slovenia), May 12 (SeeNews) – Slovenian banking group NLB, the parent company of Nova Ljubljanska Banka [LJE:NLBR], said that its consolidated after-tax profit edged up to 64.6 million euro ($78.4 million) in the first quarter of 2021, up 46.3% on the year.
NLB Group's net operating income increased 30.3% year-on-year to 154 million euro in January-March, NLB Group said in an interim financial report late on Tuesday.
Net interest income rose 20.1% to 97.5 million euro, whereas net non-interest income went up 10.1% to 56.5 million euro. Costs rose 21.9% to 96.6 million euro.
The ratio of non-performing loans was 4.5% at the end of March, the same as at the end of 2020.
The group's assets totalled 19.959 billion euro at the end of March, up from 14.288 billion euro a year earlier.
"The journey to sustainable banking is a long, and in our region, a very challenging one, but we know where we are heading and what our goal is. As an institution of a systemic reach, we want to be one of the key drivers of change and one of the most meaningful companies and most desirable employers in the region we call and treat as our home," CEO Blaz Brodnjak said.
In Southeast Europe, the group is active in Bosnia and Herzegovina, North Macedonia, Kosovo, Serbia and Montenegro.
($=0.89201 euro)
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