NLB Group

NLB Group is the largest banking and financial group in Slovenia, with core of its activity being in Southeast Europe.

History

Founded in 1994, the bank now covers markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka, NLB Banka Podgorica, and several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down.

NLB d.d. is as of 14 November 2018 a publicly listed company owned by a diversified investor base and whose largest shareholder is the RoS with a 25% plus one share. With the acquisition of the Serbian Komercijalna banka in December 2020, the Group further strengthened its strategic and systemic position in the region and now holds a top 3 position in six out of seven markets where it has a banking presence.

In March 2022, the EU unit of Sberbank went into insolvency due to the EU sanctions in reaction to the 2022 Russian invasion of Ukraine and the Single Resolution Board decided to transfer all shares of the Sberbank's Slovenian subsidiary to NLB. On the 2 March, NLB officially bought the local unit of Sberbank, thus increasing its assets by approximately 1.0 billion euros.

NLB Group recorded a record high profit of EUR 236.4 million in 2021.