Added to YB: 2026-08-10
Pitch date: 2026-08-06
NLB.L [neutral]
Nova Ljubljanska Banka d.d.
Author Info
No bio for this author
Company Info
Nova Ljubljanska Banka d.d., together with its subsidiaries, provides various banking services for retail and corporate clients in Slovenia, South East Europe, and Western Europe.
Market Cap
EUR 4.5B
Pitch Price
N/A
Price Target
N/A
Dividend
6.12%
EV/EBITDA
N/A
P/E
9.40
EV/Sales
N/A
Sector
Banks
Category
growth
NLB H1'26: Earnings Inflection ahead for 2027
NLB.L (earnings): H1'26 net income €252m vs €274m yoy (soft on €32m provision charge vs €2.5m release), but pre-provision profit grew to €332m. Loans +12% yoy, NIM near bottom (3.21%), opex finally controlled at +3%. Repaid €500m 7% note saving €35m/yr. Addiko deal fell through to RBI. Sees 2027 profitability inflection: ~€590m NI (vs ~€500m '25), €800m by 2030. Base case intact, targets hold.
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