LJUBLJANA (Slovenia), April 3 (SeeNews) – Slovenian banking group NLB, the parent company of Nova Ljubljanska Banka [LJE:NLBR], said on Friday it plans to retain its entire distributable profit worth 228 million euro ($246 million) that includes the net profit generated in 2019 and in previous years.
The proposal will be put to the vote at a June 15 shareholders' meeting, NLB said in a statement with the Ljubljana bourse.
NLB also said that the undistributed profit will be carried over with a possible partial distribution considered towards the end of 2020 or later, depending on the further developments around the coronavirus outbreak.
In February, the banking group said its consolidated after-tax profit decreased by 5% to 194 million euro in 2019.
The group's assets totalled 14.2 billion euro at the end of December, up from 12.7 billion euro a year earlier.
NLB's shares traded at 37.9 euro by 13:08 CET on Friday on the Ljubljana bourse, after closing up 1.33% at 38. 2 euro on Thursday.
Elsewhere in Southeast Europe, NLB Group is active in Bosnia, North Macedonia, Kosovo, Serbia and Montenegro.
($=0.92656 euro)
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