NLB banking group reports EUR 120m in net profit for Q1, down 46% y/y

Ljubljana, 11 May - 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.