The NLB banking group reported on Thursday EUR 120.1 million in net profit for the first quarter of 2023, a 46% decrease year-on-year. While speaking of a strong performance in the first three months, NLB attributed the drop in profit to a one-off effect stemming from the March 2022 acquisition of the Slovenian subsidiary of Russia's Sberbank.

Telekom Slovenije, the telecoms incumbent, reported an 8% increase in sales revenue in the first quarter to EUR 163.2 million. Net profit, however, declined by 32% to EUR 8.2 million, the company said on Thursday.