For the second year in a row, Slovenia’s biggest bank NLB Group achieved a positive financial result, following the net profit of 62 million euros in 2014. The bank’s supervisory board has attributed the merit to the central bank as well as the group’s strategic members in other countries of former Yugoslavia, whose operation was also positive.

By the end of last year, the group also managed to shrink the gross size of bad loans by 1.9 billion euros or 27.8 per cent. In 2015 the share of bad loans thus fell from 25.1 to 19.3 per cent. The key contributors to positive result, reports the group, were lowering operational costs as well as increasing the size of loans given to companies and individuals.

Supervisory board meets for regular session
The supervisory board also discussed the appointment of Matej Narat, who has already resigned from his position in the management board of Istrabenz Holding Company. Assessment reports on the suitability of NLB’s supervisors were also discussed, yet the details have not been revealed to the public.

The recent appointment of new members into the bank’s supervisory board has attracted quite a lot of attention in the public, since the appointment committees from the Slovenian Sovereign Holding and NLB had conflicting opinions. Slovenia’s central bank had the final say in the matter. As former long-term employees, the old-new members of NLB’s leadership had been accused of bringing back old methods of operation.