NLB proposes EUR 100 million dividend payout

Ljubljana – The shareholders of NLB will decide on 20 June how to divide last year’s distributable profit in the amount of EUR 458.3 million. The management and the supervisory board propose a two-part dividend payout worth a combined EUR 100 million, or EUR 5 per share.

The first payout, at EUR 2.5 per share, is proposed for June and the second by the end of the year, the bank said in a press release on Friday. The ex-dividend date for the first part-dividend is 24 June.

According to the bank, the dividend payout will not affect NLB Group’s capital ratios.

Shareholders will also vote on the proposed amendment to the NLB articles of association, as well as on board diversity policy.

The NLB Group made EUR 236.4 million in net profit last year, considerably more than in 2018, not taking into consideration the effects the acquisition of the Belgrade-based Komercijalna Banka has had.

Yearly net interest income was up by 37% at EUR 409.4 million. Komercijalna Banka accounted for EUR 98.5 million of the net interest income.