Slovenia · Delayed Price · Currency is EUR Nova Ljubljanska Banka d.d. Earnings Call Transcripts
Fiscal Year 2026
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Revised summary: The event highlighted strong growth, with the bank nearly tripling assets in a decade, leading market shares, and a 550% shareholder return since IPO. Priorities include digital transformation, capital discipline, sustainability, and regional integration. Management reaffirmed 2030 targets and readiness for organic and M&A expansion.
Fiscal Year 2025
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Strong loan and deposit growth drove robust revenue and margin stabilization, with cost of risk below guidance despite isolated sectoral NPL increases. Capital and dividend positions remain strong, supporting continued growth and digital transformation.
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Q3 saw robust growth in loans and deposits, strong digital adoption, and stable margins despite rate cuts. Asset quality remains solid, with cost of risk at the low end of guidance. Outlook is positive, with double-digit loan growth and continued investment in digitization.
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Strong loan and asset growth, stable revenues, and robust profitability were achieved despite rate declines. Digital transformation and integration of acquisitions are driving efficiency, while guidance was upgraded for loan growth and revenue. Portfolio quality remains high, with risks mainly sector-specific.
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Strong Q1 2025 growth driven by organic expansion and M&A, with robust loan and fee income across all segments. Asset quality remains high, cost/income ratio improved, and digital transformation is accelerating. Dividend payout and capital position support continued growth.
Fiscal Year 2024
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Pre-provision profit rose nearly 10% year-over-year, with strong loan and fee income growth, stable margins, and a cost-to-income ratio of 45.7%. Dividend payout is set at 50%, yielding 9%, while digital transformation and robust capital position support future growth.
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Strong growth in loans and income was achieved across all segments, supported by the Summit Leasing acquisition and digitalization investments. Cost pressures from wage inflation and regulatory changes are being managed, with guidance for stable asset quality and a 15% ROE in 2025.
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Strong Q2 and H1 2024 results featured robust loan growth, high ROE, and stable asset quality. Strategic M&A moves, including Summit Leasing and Addiko, support ambitions to double business size by 2030, with improved guidance for loan growth, cost of risk, and ROE.
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A cash offer for 100% of Addiko shares aims to accelerate regional growth, especially with entry into Croatia, and leverages Addiko’s digital expertise. The deal is fully funded, subject to regulatory approvals, and promises significant synergies and value for shareholders.