Slovenia's NLB plans 2.5 euro/share additional dividend

NLB plans to allocate 50 million euro of its 408.3 million euro distributable profit to dividend payment on December 20, as the remaining 358.3 million euro will be kept as undistributed, the company said in a filing with the Ljubljana Stock Exchange.

A general shareholders' meeting will be held on December 12.

In June, NLB paid 50 million euro as dividends on the 2021 earnings to its shareholders.

NLB said in May it considers a dividend payment of a total of 100 million euro on 2021 earnings in two installments, targeting a cumulative payout of 210 million euro for 2022 and 2023.

NLB booked a consolidated after-tax profit of 236.4 million euro in 2021, down 12% on an annual comparison basis. NLB Group's net operating income rose 32% to 499.9 million euro in 2021, while net interest income grew by 37% to 409.4 million euro.

($ = 1.0049 euro)