NLB Group Delivers Robust Business Results in the First Half of 2022

In the first half-year of 2022, marked by the tragic war in Ukraine and its influence on prices, consumer behaviour, and consequentially volatile capital markets, NLB Group delivered strong business results and reached important business milestones – such as the merger of Serbian banking subsidiaries and the acquisition of N Banka in Slovenia. The Group achieved EUR 287.0 million in profit after tax (EUR 147.2 million higher YoY) in H1 2022, including the effects related to the acquisition of N Banka. The strong recurring operating performance in H1, with 25% YoY growth in recurring profit before impairments and provisions without N Banka’s contribution, confirms the robustness of NLB Group’s business model