Nova Ljubljanska Banka (NLBR) Investor Day 2026 summary

Strategic vision and regional context

• Emphasizes deep regional roots and unique positioning as the only major bank headquartered in the Western Balkans, leveraging local expertise and emotional ties to drive growth and resilience.

• Advocates for accelerated EU accession for Western Balkans, seeing integration as a catalyst for economic convergence and investment.

• Highlights the region's robust macroeconomic fundamentals, including strong GDP growth, high investment rates, and increasing foreign direct investment, especially ahead of potential EU accession.

• Notes the region's resilience amid global shocks, with stable financial systems and disciplined monetary regimes, particularly in Bosnia and Herzegovina.

• Positions itself as a systemic backbone and advocate for the region, actively promoting its potential to global investors.

Financial performance and shareholder returns

• Achieved nearly tripling of assets over the past decade, with a current balance sheet of EUR 32.2 billion, and a total shareholder return of 550% since IPO.

• Achieved over EUR 500 million net profit for three consecutive years, with cumulative dividends paid exceeding the IPO price and share price more than doubling since 2024 Investor Day.

• Dividend yield projected at 7% for 2025, with dividends since IPO totaling EUR 46.1 per share, representing 90% of the IPO price.

• Upgraded payout ratio guidance towards 60% and cost-to-income ratio target to low 40s by 2030, with EPS/DPS growth of 10% CAGR and cumulative DPS of approximately EUR 90 from 2026-2030.

• By 2030, total assets are targeted at EUR 45-50 billion, recurring revenues over EUR 2 billion, and profits above EUR 1 billion.

Strategic growth, market expansion, and M&A

• Balance sheet, revenues, and market cap have more than doubled since IPO, driven by organic growth and disciplined M&A, including recent entry into Croatia and Addiko offer.

• Addiko acquisition offers immediate Croatian presence, digital lending capabilities, and is expected to be accretive from year two.

• Pro-forma market share would reach #1 in several SEE markets, with significant improvements in Croatia and BiH.

• M&A remains disciplined, focused on value accretion, CET1 protection, and cultural fit, with organic growth as the core strategy.

• Maintains leading market shares in Slovenia (30%+ in key segments) and top-three positions across five Western Balkans markets, with strong organic and M&A-driven growth.