Nova Ljubljanska banka dd Ljubljana (CHIX:NLBl)

Q4 2024 Nova Ljubljanska banka dd Ljubljana Earnings Call Transcript

Feb 20, 2025 / 03:00PM GMT

Release Date Price: €27.9 (-4.62%)

Transcript

Key Points

Positve

Nova Ljubljanska banka dd Ljubljana (FRA:N1V2) reported significant growth in both Retail and Corporate sectors across all geographies, supporting their strategic goals.
The bank achieved a 10% increase in pre-provision profit and a EUR30 million rise in profit before tax, indicating strong financial performance.
The company maintained a stable net interest income (NII) growth of 12% despite a declining interest rate environment.
The bank's loan growth was robust, supported by solid macroeconomic performance in key markets like Serbia and Slovenia.
Nova Ljubljanska banka dd Ljubljana (FRA:N1V2) announced a dividend payout increase to EUR257 million, offering a 9% gross dividend yield, which is attractive to shareholders.

Negative

The bank faced challenges in specific industries such as steel processing and automotive, leading to an increase in cost of risk.
There was a notable uptick in costs, partly due to wage inflation and investments in strategic initiatives, resulting in a 9% normalized cost growth.
The introduction of a balance sheet tax by the Republic of Slovenia impacted the bank's financials.
The bank's effective tax rate increased to 30%, influenced by the new tax on Slovenian assets.
The bank's guidance for 2025 remains conservative, with revenue projections unchanged at EUR1.2 billion, reflecting uncertainty in the interest rate environment.

Operator

(video playing)

Ladies and gentlemen, thank you for standing by. I am Nina, your Chorus Call operator. Welcome, and thank you for joining the NLB Group conference call and live webcast to present and discuss the fourth-quarter and full-year 2024 annualized financial results.

At this time, I would like to turn the conference over to Mr. Blaz Brodnjak, CEO; Mr. Archibald Kremser, CFO; Mr. Andreas Burkhardt, CRO. Mr. Brodnjak, you may now proceed.

Blaz Brodnjak

Nova Ljubljanska Banka dd Ljubljana - Chairman of the Management Board, Chief Executive Officer

Thank you very much. Good afternoon. Welcome, everyone, to our regular performance call, this time, reflecting on '24. Let me draw your attention first to the standard disclaimer and then dig directly into what we claim is another very strong year. We have seen significant growth, which is for supporting our strategy we communicated last year. It is based on growth and of course, in the interest rate declining environment. This is essential to offset these otherwise negative effects.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.