Nova Ljubljanska banka dd Ljubljana (FRA:N1V2)
€ 25.8 -0.4 (-1.53%) Market Cap: 2.63 Bil Enterprise Value: 367.28 Mil PE Ratio: 4.45 PB Ratio: 0.81 GF Score: 70/100
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Q3 2024 Nova Ljubljanska Banka dd Ljubljana Earnings Call Transcript

Nov 7, 2024 / 03:00 PM GMT
Release Date Price: €26

Key Points

Positve
  • Nova Ljubljanska banka dd Ljubljana (FRA:N1V2) reported strong growth across all client segments and geographies, including successful integration of Summit Leasing.
  • The bank maintained a solid trend in net operating income with stable margins and a strong cost-to-income ratio.
  • The macroeconomic environment in the region remains promising, with low unemployment and higher growth rates compared to the Eurozone.
  • The bank has been proactive in managing interest rate risks by shifting to fixed rates and focusing on fee income origination.
  • Nova Ljubljanska banka dd Ljubljana (FRA:N1V2) is investing significantly in digitalization, which is expected to enhance operational efficiency and customer service.
Negative
  • The bank faces uncertainties due to economic turbulences in Germany and the broader European manufacturing sector.
  • There are tensions related to wage inflation and the need to invest in digitalization, which could impact short-term profitability.
  • The cost-to-income ratio target has been revised from 45% to 48% for 2025, indicating potential cost pressures.
  • The automotive industry, particularly in Germany, poses risks due to its current challenges, which could affect related sectors.
  • The bank anticipates a transitional period in 2025 with potential higher cost of risk due to swift rate reductions and ongoing investments.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NLBR.LJ - Nova Ljubljanska Banka dd Ljubljana
Q3 2024 Nova Ljubljanska Banka dd Ljubljana Earnings Call
Nov 07, 2024 / 03:00PM GMT

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Presentation
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