LJUBLJANA - Nova Ljubljanska Banka d.d. (NLB), the largest bank in Slovenia, has confirmed the payment of a second tranche of dividends for the year at its recent General Meeting. Shareholders voted in favor of distributing dividends on December 17, 2024, at a gross rate of EUR 5.5 per share, totaling EUR 110 million. This decision follows an earlier payout of an equal amount in June, bringing the total dividend distribution for 2024 to EUR 220 million.
The payment represents a doubling of the dividend amount compared to the previous year. The bank has assured that the dividend payments will not be included in the capital base, thus not affecting the NLB Group's capital ratios. The bank reported that its total capital ratio stood above 18%, the tier 1 ratio above 15%, and the CET1 ratio above 14.5% as of the last reporting date, each well over the regulatory requirement by more than 200 basis points even after the dividend distribution.
The 43rd General Meeting saw 64.87% of shares with voting rights present, indicating a strong shareholder turnout. The NLB Management Board stated that the results of the vote are accessible to all interested stakeholders on the bank's website.
This dividend payment comes as part of NLB's commitment to shareholder returns, reflecting confidence in the bank's performance and financial stability. The bank's transparent communication with its investors is in line with the Ljubljana Stock Exchange rules and applicable laws.
The information regarding the General Meeting and dividend payment is based on a press release statement issued by the bank.
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