Source: eKapija | Monday, 16.04.2018.| 11:02

NLB Bank realizes profit of EUR 225 million in 2017 - Serbian bank earns EUR 3.8 million

(Photo: archerix/shutterstock.com)
In 2017, NLB Bank achieved the net profit of EUR 225 million, nearly twice as much as the profit realized in 2016, when the group's profit amounted to EUR 110 million.

All members contributed to the good results of NLB Group, including NLB Bank Belgrade, which realized a profit of EUR 3.8 million in 2017.

As the Serbian member of NLB Group reported, NLB Bank Belgrade doubled its profit and realized a considerable growth of loans in 2017, while continuing to digitalize operations and open new sales channels.

Branko Greganovic, chairman of the Executive Board of NLB Bank Belgrade, says that the bank “continued to grow in all profitable segments, and we approved corporate and retail loans worth over EUR 220 million”.

– We realized the biggest growth in the domain of cooperation with agriculturists, in which we are one of the leading banks in the market. We invested nearly EUR 50 million in supporting agriculture – he said.

In addition to the parent bank, all the core banks in NLB Group posted profit – EUR 190 million in the parent, Slovenian section, and the rest in its companies in B&H, Serbia, Macedonia and Montenegro.

As Seebiz reports, Slovenia, as the 100% owner of NLB, might get a high dividend from the 2017 results and that, according to some unofficial information, it might be proposed for the entire profit of the parent bank to be paid as dividend.

Still, this is not certain, as the European Commission has allegedly asked for the profit to be reserved, due to the delay in the privatization and the uncertainties regarding the potential risk for NLB due to the lawsuits of Privredna Banka Zagreb and Zagrebacka Banka over the debts for the transferred old foreign exchange savings of Croatian clients.
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