Nova Ljubljanska banka

NLB's npls (as % of loans) fell 32.8% to 11.0% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's non-performing loans reached 11.0% of total loans at the end of 2017, down from 16.4% compared to the pr...

NLB's capital adequacy ratio fell 6.47% to 15.9% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's capital adequacy ratio reached 15.9% at the end of 2017, down from 17.0% compared to the previous year. ...

NLB's net profit rose 105% to EUR 225 mil in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka made a net profit of EUR 225 mil in 2017, up 105% compared to the previous year. This implies a return on...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 340 317 309
Fee Income (As % Of Revenues) % 28.6 30.6 31.8
Other Income EUR mil 5.56 12.7 23.9
Total Revenues EUR mil 485 476 489
Staff Cost EUR mil 163 165 165
Operating Profit EUR mil 187 186 204
Provisions EUR mil 79.5 60.6 -29.5
Net Profit EUR mil 91.9 110 225
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 432 436 510
Customer Loans EUR mil 7,088 6,997 6,995
Debt Securities EUR mil 2,578 2,778 2,963
Total Assets EUR mil 11,822 12,039 12,238
Shareholders' Equity EUR mil 1,423 1,495 1,654
Interbank Borrowing EUR mil 58.0 42.3 40.6
Customer Deposits EUR mil 9,026 9,439 9,879
Issued Debt Securities EUR mil 305 305 27.4
Ratios 2015 2016 2017
ROE % 6.58 7.54 14.3
ROA % 0.775 0.922 1.85
Costs (As % Of Assets) % 2.51 2.43 2.35
Costs (As % Of Income) % 61.5 60.9 58.3
Capital Adequacy Ratio % 16.2 17.0 15.9
Net Interest Margin % 2.87 2.66 2.55
Loans (As % Of Deposits) % 78.5 74.1 70.8
NPLs (As % Of Loans) % 22.7 16.4 11.0
Provisions (As % Of NPLs) % 66.6 69.5 76.7
Growth Rates 2015 2016 2017
Total Revenue Growth % -5.81 -1.83 2.71
Operating Cost Growth % -1.87 -2.80 -1.66
Operating Profit Growth % -11.5 -0.287 9.51
Net Profit Growth % 47.4 19.7 105
Customer Loan Growth % 5.66 -1.28 -0.041
Total Asset Growth % -0.735 1.84 1.65
Customer Deposit Growth % 0.919 4.58 4.66
Shareholders' Equity Growth % 3.92 5.06 10.6
Employees 6,029 6,175 6,372

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income EUR mil                       417 343 234 330 340    
Total Revenues EUR mil                       613 675 69.3 514 485    
Operating Profit EUR mil                       222 307 -264 211 187    
Net Profit EUR mil                       -239 -273 -1,442 62.3 91.9    
balance sheet                                    
Interbank Loans EUR mil                       784 460 225 271 432    
Customer Loans EUR mil                       10,749 9,468 7,041 6,708 7,088    
Debt Securities EUR mil                       3,348 2,859 3,504 3,239 2,578    
Total Assets EUR mil                       16,445 14,335 12,490 11,910 11,822    
Shareholders' Equity EUR mil                       998 1,145 1,271 1,369 1,423    
Interbank Borrowing EUR mil                       2,645 3,071 2,424 777 58.0    
Customer Deposits EUR mil                       10,413 9,118 8,257 8,944 9,026    
Issued Debt Securities EUR mil                       2,017 455 165 470 305    
ratios                                    
ROE %                       -23.6 -25.4 -119 4.72 6.58    
ROA %                       -1.39 -1.77 -10.7 0.511 0.775    
Costs (As % Of Assets) %                       2.28 2.39 2.48 2.49 2.51    
Costs (As % Of Income) %                       63.8 54.6 480 59.0 61.5    
Capital Adequacy Ratio %                       11.1 10.6 15.2 17.6 16.2    
Net Interest Margin %                       2.43 2.23 1.74 2.71 2.87    
Interest Income (As % Of Revenues) %                       68.0 50.8 337 64.1 70.2    
Fee Income (As % Of Revenues) %                       25.0 21.7 199 27.1 28.6    
Staff Cost (As % Of Total Cost) %                       56.3 53.6 52.7 53.7 54.8    
Equity (As % Of Assets) %                       6.07 7.99 10.2 11.5 12.0    
Loans (As % Of Deposits) %                       103 104 85.3 75.0 78.5    
Loans (As % Assets) %                       65.4 66.0 56.4 56.3 60.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...         24.4 32.4 32.2 32.2 22.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...         52.0 51.7 62.2 61.0 66.6    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income EUR mil                       916 743 512 498 443    
Interest Cost EUR mil                       499 401 278 168 103    
Net Interest Income EUR mil                       417 343 234 330 340    
Net Fee Income EUR mil                       153 146 138 140 139    
Other Income EUR mil                       42.5 186 -302 44.8 5.56    
Total Revenues EUR mil                       613 675 69.3 514 485    
Staff Cost EUR mil                       220 197 175 163 163    
Depreciation EUR mil                       55.4 51.3 44.3 35.8 31.9    
Other Cost EUR mil                       116 120 113 105 103    
Operating Cost EUR mil                       391 368 333 304 298    
Operating Profit EUR mil                       222 307 -264 211 187    
Provisions EUR mil                       520 565 1,105 141 79.5    
Extra and Other Cost EUR mil                       -31.6 0 0 0.425 0.495    
Pre-Tax Profit EUR mil                       -267 -258 -1,369 69.2 107    
Tax EUR mil                       -26.8 14.6 73.5 4.13 11.4    
Minorities EUR mil                       -0.885 0.908 -0.581 2.73 3.46    
Net Profit EUR mil                       -239 -273 -1,442 62.3 91.9    
growth rates                                    
Net Interest Income Growth % ...                     -4.30 -17.9 -31.8 41.3 3.09    
Net Fee Income Growth % ...                     -3.29 -4.78 -5.72 1.34 -0.586    
Total Revenue Growth % ...                     -4.39 10.0 -89.7 642 -5.81    
Operating Cost Growth % ...                     -2.30 -5.94 -9.59 -8.81 -1.87    
Operating Profit Growth % ...                     -7.88 38.2 -186 -180 -11.5    
Pre-Tax Profit Growth % ...                     17.6 -3.30 430 -105 54.3    
Net Profit Growth % ...                     -218 13.9 429 -104 47.4    
market share                                    
Market Share in Net Profit % ... ...                 ... ... ... ... ... 79.9    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 20.5 ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash EUR mil                       834 923 1,251 1,128 1,162    
Interbank Loans EUR mil                       784 460 225 271 432    
Customer Loans EUR mil                       10,749 9,468 7,041 6,708 7,088    
Retail Loans EUR mil             ... ... ... ...   2,799 2,740 2,716 2,803 2,908    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ... ...   1,378 1,479 1,415 1,442 1,504    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ... ...   1,421 1,261 1,301 1,361 1,404    
Corporate Loans EUR mil             ... ... ... ...   7,269 5,947 3,677 3,236 3,600    
Debt Securities EUR mil                       3,348 2,859 3,504 3,239 2,578    
Fixed Assets EUR mil                       459 399 293 258 247    
Total Assets EUR mil                       16,445 14,335 12,490 11,910 11,822    
Shareholders' Equity EUR mil                       998 1,145 1,271 1,369 1,423    
Of Which Minority Interest EUR mil                       21.6 19.9 23.6 26.2 28.0    
Liabilities EUR mil                       15,447 13,190 11,219 10,540 10,399    
Interbank Borrowing EUR mil                       2,645 3,071 2,424 777 58.0    
Customer Deposits EUR mil                       10,413 9,118 8,257 8,944 9,026    
Retail Deposits EUR mil ... ... ... ... ... ... ... ... ... ...   6,645 6,447 6,061 6,332 6,489    
Corporate Deposits EUR mil ... ... ... ... ... ... ... ... ... ...   2,076 1,735 1,787 1,826 1,987    
Issued Debt Securities EUR mil                       2,017 455 165 470 305    
Other Liabilities EUR mil                       373 546 373 350 1,010    
asset quality                                    
Non-Performing Loans EUR mil ... ... ... ... ... ... ...         3,008 3,684 2,838 2,687 1,896    
Gross Loans EUR mil                       12,314 11,374 8,806 8,347 8,351    
Total Provisions EUR mil                       1,565 1,906 1,764 1,638 1,263    
growth rates                                    
Customer Loan Growth % ...                     -9.52 -11.9 -25.6 -4.73 5.66    
Retail Loan Growth % ...           ... ... ... ... ... -1.11 -2.11 -0.858 3.21 3.73    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... 5.55 7.36 -4.35 1.94 4.29    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... -6.81 -11.3 3.24 4.60 3.15    
Corporate Loan Growth % ...           ... ... ... ... ... -12.5 -18.2 -38.2 -12.0 11.3    
Total Asset Growth % ...                     -8.07 -12.8 -12.9 -4.65 -0.735    
Shareholders' Equity Growth % ...                     -3.29 14.8 11.0 7.73 3.92    
Customer Deposit Growth % ...                     -1.62 -12.4 -9.44 8.32 0.919    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... -0.955 -2.97 -5.99 4.48 2.47    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... -8.23 -16.4 2.98 2.22 8.80    
market share                                    
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 23.3 ... ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE %                       -23.6 -25.4 -119 4.72 6.58    
ROA %                       -1.39 -1.77 -10.7 0.511 0.775    
Costs (As % Of Assets) %                       2.28 2.39 2.48 2.49 2.51    
Costs (As % Of Income) %                       63.8 54.6 480 59.0 61.5    
Capital Adequacy Ratio %                       11.1 10.6 15.2 17.6 16.2    
Tier 1 Ratio %             ... ...       7.20 8.80 14.9 17.6 16.2    
Net Interest Margin %                       2.43 2.23 1.74 2.71 2.87    
Interest Spread % ...                     2.25 2.03 1.54 2.54 2.75    
Asset Yield %                       5.34 4.83 3.81 4.08 3.74    
Cost Of Liabilities % ...                     3.09 2.80 2.28 1.54 0.984    
Interest Income (As % Of Revenues) %                       68.0 50.8 337 64.1 70.2    
Fee Income (As % Of Revenues) %                       25.0 21.7 199 27.1 28.6    
Other Income (As % Of Revenues) %                       6.93 27.6 -436 8.71 1.15    
Cost Per Employee USD per month                       3,428 2,927 2,807 2,714 2,586    
Cost Per Employee (Local Currency) EUR per month                       2,465 2,279 2,115 2,105 2,256    
Staff Cost (As % Of Total Cost) %                       56.3 53.6 52.7 53.7 54.8    
Equity (As % Of Assets) %                       6.07 7.99 10.2 11.5 12.0    
Loans (As % Of Deposits) %                       103 104 85.3 75.0 78.5    
Loans (As % Assets) %                       65.4 66.0 56.4 56.3 60.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...         24.4 32.4 32.2 32.2 22.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...         52.0 51.7 62.2 61.0 66.6    
Provisions (As % Of Loans) %                       14.6 20.1 25.1 24.4 17.8    
Cost of Provisions (As % Of Loans) %                       4.60 5.59 13.4 2.06 1.15    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Branches ...   ... ... ... ... ...         250 247 244 369 369 ... ...
Employees                       7,448 7,208 6,912 6,448 6,029    
ATMs ...   ...   ... ... ... ... ...     560 566 573 ... ... ... ...
Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... 0.883 1.90 ... ... ...
Payment Cards '000 ... ... ... ... ... ... ... ... ...   ... 1,327 1,328 1,313 1,190 ... ... ...
Debit Cards '000 ... ... ... ... ... ... ... ... ...   ... 408 388 373 ... ... ... ...
Credit Cards '000 ... ... ... ... ... ... ... ... ... ... ... 920 940 940 ... ... ... ...

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NLB's net interest margin fell 4.19% to 2.55% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's net interest margin amounted to 2.55% in 2017, down from 2.66% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.53% in 2001 and an all time low of 1.74% in 2013. The avera...

NLB's corporate loans fell 5.42% to EUR 3,705 mil in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's loans reached EUR 7,641 mil in the 2017, down from EUR 7,901 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 13,054 mil in 2010 and an all time low of EUR 7,641 mil in 2017. In t...

NLB's net interest income fell 2.52% to EUR 309 mil in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka generated total banking revenues of EUR 489 mil in 2017, up 2.71% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 688 mil in 2008 a...

NLB's retail loan growth fell 9.69% to 8.77% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's retail loans reached EUR 3,470 mil at the end of 2017, up 8.77% compared to the previous year. In the last decade, the average annual loan growth amounted to 0%. Overall, retail loans accounted for 49.6% of the bank's loan book at t...

NLB's customer loan growth rose 96.8% to -0.041% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's customer loan growth reached -0.041% in 2017, up from -1.28% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 37.3% in 2007 and an all time low of -25.6% in 2013. In the last decade,...

NLB's employees rose 3.19% to 6,029 in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka employed 6,029 persons in 2015, down 6.50% when compared to the previous year. Historically, the bank's workforce hit an all time high of 8,461 persons in 2008 and an all time low of 5,379 in 2001. Average cost reached USD 2,586 per month p...

NLB's costs (as % of assets) fell 3.34% to 2.51% in 2017

By Helgi Analytics - September 20, 2018

Nova Ljubljanska banka's cost to income ratio reached 61.5% in 2015, up from 59.0% compared to the previous year. Historically, the bank’s costs reached an all time high of 480% of income in 2013 and an all time low of 54.6% in 2012. When compared to total...

NLB's branches remain unchanged at 244 in 2015

By Helgi Analytics - February 22, 2018

Nova Ljubljanska banka employed 6,912 persons in 2013, down 4.11% compared to the previous year. Historically, the bank's workforce hit an all time high of 8,019 persons in 2009 and an all time low of 5,379 in 2001. The bank operated a network of 244 branc...

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Nova Ljubljanska banka is a Slovenia-based universal bank. The Bank with its subsidiaries is the largest Slovenian banking and financial group, offering a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits. The bank also provides foreign exchange, e-banking, payment card, and money transfer services. The Bank makes majority of its bussines, revenues and profits in Slovenia, but is also active it other countries of the South-eastern Europe, such as in Bosnia and Herzegovina, Montenegro, Kosovo and Macedonia. Nova Ljubljanska banka was founded in 1889 and is headquartered in Ljubljana, Slovenia. Following bank's hefty losses and recapitalisation, the Government regained a majority in the Bank.

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Finance

Nova Ljubljanska banka has been growing its revenues and asset by -2.65% and -3.95% a year on average in the last 10 years. Its loans and deposits have grown by -5.21% and 0.703% a year during that time and loans to deposits ratio reached 70.8% at the end of 2017. The company achieved an average return on equity of -12.2% in the last decade with net profit growing 5.54% a year on average. In terms of operating efficiency, its cost to income ratio reached 58.3% in 2017, compared to 104% average in the last decade.

Equity represented 13.5% of total assets or 23.6% of loans at the end of 2017. Nova Ljubljanska banka's non-performing loans were 11.0% of total loans while provisions covered some 76.7% of NPLs at the end of 2017.