ECB gives consent to Reinhard Höll as NLB’s CTO

Höll, who was appointed by the NLB Supervisory Board in February 2025, joined NLB on June 2nd and has so far performed the functions of the Assistant to the Management Board. Now, after receiving approvals, the new CTO will focus on driving the management of projects, outlined within the NLB Group business strategy presented a little over a year ago and initiated earlier this year. The strategy foresees doubling NLB Group’s balance sheet, revenues, and profits by 2030, to reach more than EUR 50 billion in total assets, recurring revenues of more than EUR 2 billion, and a targeted profit of more than EUR 1 billion, combining organic growth with selected M&As in SEE.

The new CTO will (at the end of the transition period) also direct his attention to IT governance to help the Group achieve ambitious IT strategy targets. Those targets include providing the foundation for a truly cross-functional agile operating model, building Group-wide capabilities for a mobile/digital first bank around architectural enablers, upgrading the infrastructure to a highly resilient hybrid-cloud model, establishing a foundation for data-driven decision-making and (Gen) AI, and becoming the powerhouse of the region for digital talent, originating at least 90% of new regular transactions in an E2E digitized way.