NLB Group is the largest banking and financial group in

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an ...

, with the core of its activity being in

Southeast Europe Southeast Europe or Southeastern Europe (SEE) is a geographical subregion of Europe, consisting primarily of the Balkans. Sovereign states and territories that are included in the region are Albania, Bosnia and Herzegovina, Bulgaria, Croatia (al ...

History

Founded in 1994, the bank now covers markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka,

NLB Banka Podgorica NLB Banka Podgorica (full name: NLB Banka a.d. Podgorica) is a bank operating in Montenegro. Its parent bank is Slovenian NLB Group. History On 14 November 2021, NLB Banka Podgorica and Komercijalna banka Budva were integrated, following the acq ...

, N Banka, several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down. NLB d.d. is as of 14 November 2018 a publicly listed company owned by a diversified investor base and whose largest shareholder is the Republic of Slovenia with a 25% plus one share. With the acquisition of the Serbian

Komercijalna banka NLB Komercijalna banka (full legal name: ''NLB Komercijalna banka a.d. Beograd,'' ) is a bank founded in 1970 with headquarters in Belgrade, Serbia. It is owned by Slovenian NLB Group. History The bank was founded on 1 December 1970 in Belgr ...

in December 2020, the Group further strengthened its strategic and systemic position in the region and now holds a top 3 position in six out of seven markets where it has a banking presence. In March 2022, the EU unit of

Sberbank PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services compan ...

went into insolvency due to the EU sanctions in reaction to the

2022 Russian invasion of Ukraine On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An ...

and the

Single Resolution Board The Single Resolution Board (SRB) is an EU agency that was established in Brussels in 2015 as part of the broader set of reforms known as the banking union. It acts as the resolution authority for a subset of banks in the euro area and as the inst ...

decided to transfer all shares of the Sberbank's Slovenian subsidiary to NLB. On the 2 March, NLB officially bought the local unit of Sberbank, thus increasing its assets by approximately 1.0 billion euros. NLB Group recorded a record high profit of EUR 236.4 million in 2021.

References

External links

* Banks of Slovenia Companies based in Ljubljana Banks established in 1994 Slovenian brands 1994 establishments in Slovenia Banks under direct supervision of the European Central Bank {{Slovenia-stub

History

See also

References

External links