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NLB Group Presentation H1 2026 Financial Results 10 NLB
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Disclaimer This presentation has been prepared by Nova Ljubljanska banka d.d., Ljubljana (the "Company"). This presentation has been prepared solely for the purpose of informative presentation of the business conduct of the Company. This presentation has not been approved by any regulatory authority and does not constitute or form part of any offer to sell or issue or invitation to purchase, or any solicitation of any offer to purchase, any securities of the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. This presentation should not be considered as a recommendation that any recipient of this presentation should purchase or sell any of the Companies financial instruments or groups of financial instruments or assets. This presentation does not include all necessary information, which should be considered by the recipient of this presentation when making a decision on purchasing any of the Companies financial instruments or assets. Each recipient of this presentation contemplating purchasing any of the Companies financial instruments or assets should make its own independent investigation of the financial condition and affairs, and its own appraisal of the Companies creditworthiness. Any corporate body or natural person interested in investing into Companies financial instruments or assets should consult well-qualified professional financial experts and thus obtain additional information. The information and opinions contained in this presentation are provided as at the date of the presentation and are subject to change. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this presentation, or on its completeness, accuracy or fairness. The presentation has not been independently verified and no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of their respective parent or subsidiary undertakings or associated companies, or any of such person’s respective directors, officers, employees, agents, affiliates or advisers, as to, and no reliance should be placed for any purpose whatsoever on the truth, fullness, accuracy, completeness or fairness of the information or opinions contained in this presentation or any other information relating to the Company, its subsidiary undertakings or, associated companies or affiliates, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available and no responsibility or liability whatsoever is assumed by any such persons for any such information or opinions or for any errors or omissions or for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. The information in this presentation is subject to correction, completion and change without notice.. This presentation does not purport to contain all information that may be required to evaluate the Company. In giving this presentation, none of the Company or any of their respective parent or subsidiary undertakings or associated companies, or any of such person’s respective directors, officers, employees, agents, affiliates or advisers, or any other party undertakes or is under any obligation to amend, correct or update this presentation or to provide the recipient with access to any additional information that may arise in connection with it. None of the foregoing persons accepts any responsibility whatsoever for the contents of this presentation, and no representation or warranty, express or implied, is made by any such person in relation to the contents of this presentation. To the fullest extent permissible by law, such persons disclaim all and any responsibility or liability, whether arising in tort, contract or otherwise, which they might otherwise have in respect of this presentation. Recipients should not construe the contents of this presentation as legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisers in relation to such matters. To the extent available, the industry, market and competitive position data contained in this presentation come from official or third-party sources. Third industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company reasonably believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company have not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this presentation come from the Company’s own internal research and estimates based on the knowledge and experience of the Company’s management in the markets in which the Company operates. While the Company reasonably believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. This presentation may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any purpose, without the prior, written consent of the Company. The manner of distributing this presentation may be restricted by law or regulation in certain countries, including (but not limited to) the United States, Canada, Australia or Japan. Persons into whose possession this presentation may come are required to inform themselves about and to observe such restrictions. By accepting this presentation, a recipient hereof agrees to be bound by the foregoing limitations. NLB is regulated by The Bank of Slovenia i.e. “Banka Slovenije, Slovenska 35, 1505 Ljubljana, Slovenia” and by The Securities Market Agency i.e. “Agencija za trg vrednostnih papirjev, Poljanski nasip 6, 1000 Ljubljana, Slovenia. 2
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RatingsInvestment Case Highlights NLB Group at a glance ESG Strength Consistently strong, around double-digit loan growth in retail and corporate segments Leading market position in underpenetrated banking markets Robust capital position with substantial buffers to requirements Shareholders return a key priority with 6% dividend yield with 55% pay-out ratio Sustainability embedded in Group strategy and business processes Net-zero ambition aligned with the Paris Agreement across lending and operations Sustainalytics ESG Risk Rating 13.7 (Low risk) Moody’s: A2 long-term deposit rating, stable outlook (upgraded by one notch) S&P Global: BBB+ issuer credit rating, positive outlook Ratings reflect solid financial performance, strong liquidity and effective execution The Group will look after the financial needs of its clients and improve the quality of life in its home region of South-East Europe.Vision EUR 31,853 million Total assets EUR 3,911 million More than 2.9 million Number of active clients 8,064 Employees Banks withTotal capital Leasing Companies Asset Management Companies Branches371 3 4 7 3
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4 This is where our community thrives ASSET MANAGEMENT AUM Market Share NLB Skladi, Ljubljana, Slovenia 4,406.4 43.3% NLB Fondovi, Skopje, North Macedonia 126.1 21.3% NLB Fondovi, Beograd, Serbia 57.8 2.5% BANKING Total Assets Market Share NLB, Ljubljana, Slovenia 19,110.0 32.8% NLB KB, Beograd, Serbia 6,506.1 10.5% NLB Banka, Skopje, North Macedonia 2,579.2 16.3% NLB Banka, Banja Luka, Bosnia and Herzegovina 1,451.7 21.8% NLB Banka, Sarajevo, Bosnia and Herzegovina 1,191.2 6.3% NLB Banka, Prishtina, Kosovo 1,634.3 16.5% NLB Banka, Podgorica, Montenegro 1,200.8 14.9% LEASING Total Assets Market Share(ii) NLB Lease&Go, leasing, Ljubljana, Slovenia 1,452.0(i) 37.0% Mobil Leasing, Zagreb, Croatia 217.8 4.3% NLB Lease&Go Leasing Beograd, Serbia 184.4 9.4% NLB Lease&Go Skopje, North Macedonia 50.1 n.a. Total Assets NLB Group 31,852.5 Data on a stand-alone basis. Total assets and AUM are expressed in EUR million. Data is as at 30 June 2026, except for market shares where the latest available data are shown. (i) Including intra-group exposure of EUR 185.4 million to Mobil Leasing, Zagreb. (ii) Market share of the leasing portfolio.
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All market shares are measured by total assets. Source: Banking agencies and central banks publicly available data as of 31 March 2026. Market share composition of banking operations across SEE Markets Serbia Banca Intesa OTP Banka Srbija Raiffeisen banka NLB Komercijalna Banka UniCredit Bank Srbija AikBank Others North Macedonia Kosovo 15.3% 14.0% 10.9% 10.6% 10.6% 10.1% 28.5% 19.0% 17.6% 16.9% 15.0% 11.2% 20.2% 20.8% 16.6% 16.3% 14.1% 14.0% 18.2% Raiffeisen Bank NLB Banka Prishtina Kombetare Tregtare ProCredit Bank. TEB SH.A. Others Komercijalna banka Stopanska banka NLB Banka Skopje Sparkasse Banka Halk bank Others Montenegro 28.6% 14.8% 14.3% 13.3% 5.9% 23.1% CKB (OTP Group) Hipotekarna banka NLB Banka Podgorica Erste Bank Zapad banka AD Podgorica Others Slovenia Federation of B&H Republic of Srpska NLB Ljubljana OTP banka Intesa Sanpaolo UniCredit banka Others 33.5% 26.6% 7.7% 6.3% 25.9% 28.6% 21.8% 13.0% 11.1% 9.2% 16.3% Nova banka NLB Banka Banja Luka UniCredit Bank Atos Banka Addiko Bank Others 25.6% 17.0% 10.5% 9.4% 7.3% 6.3% 23.8% UniCredit Bank Raiffeisen Bank ASA Bank Intesa Sanpaolo Banka Sparkasse Bank NLB Banka Sarajevo Others 5
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Southeast Europe: key growth driver with SEE banks contributing 57% to the Group's result 1-6 2026 Performance indicators across Banks in SEE Note: (1) Tax on the balance sheet (0.2% of the total balance sheet of NLB d.d. in Slovenia) is excluded from the calculation in NLB Group and NLB d.d. and showed as a separate line under key financial indicators. (2) ROTE for NLB Group. (3) Number of active clients for banking entities. Slovenia Serbia North Macedonia Bosnia and Herzegovina Kosovo Montenegro 1-6 2026 / 30 Jun 2026 NLB, Ljubljana NLB Komercijalna Banka, Beograd NLB Banka, Skopje NLB Banka, Banja Luka NLB Banka, Sarajevo NLB Banka Prishtina NLB Banka, Podgorica NLB Group Data on stand-alone basis Consolidated Data Result after tax (EURm) 337.2 66.0 27.6 16.2 9.5 20.6 11.5 252.4 Total Assets (EURm) 19.110.0 6.506.1 2.579.2 1.451.7 1.191.2 1.634.3 1.200.8 31.852.5 RoE a.t.(2) 21.8% 15.6% 15.2% 18.7% 14.5% 20.7% 15.9% 14.5% Net Interest Margin 2.59% 3.60% 3.33% 3.25% 2.73% 3.65% 4.07% 3.21% CIR (cost/income ratio) (1) 26.6% 44.2% 42.8% 41.7% 53.8% 31.0% 51.5% 46.5% LTD Net 74.2% 77.4% 90.1% 70.8% 81.8% 90.5% 93.3% 78.4% NPL Ratio 2.4% 0.8% 0.9% 0.5% 1.3% 1.4% 1.2% 2.0% Branches (#) 70 129 46 38 33 35 20 371 Active Clients (#) 738,414 1,000,156 469,626 220,189 137,753 246,473 98,693 2,911,304(3) 6
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NLB Group: Key financial highlights 86.682.7 240.6 92.2 232.5 247.3 9.4 Q2 2025 -15.4 Q1 2026 2.3 Q2 2026 324.6 311.8 341.9 +5% +10% Net interest income Net fee and commission income Other Net operating income (NLB Group, in EURm) Gross loans to customers (NLB Group, in EURm) -2 0 2 4 6 8 0 5,000 10,000 15,000 20,000 25,000 30 Jun 2025 31 Dec 2025 30 Jun 2026 17,835 19,093 20,061 +12% +5% Deposits from customers (NLB Group, in EURm) Total assets (NLB Group, in EURm) Result after tax (NLB Group, in EURm) -2 0 2 4 6 8 0 10,000 20,000 30,000 40,000 30 Jun 2025 31 Dec 2025 30 Jun 2026 29,573 31,475 31,853 +8% +1% -2 0 2 4 6 8 0 25,000 30,000 30 Jun 2025 31 Dec 2025 30 Jun 2026 22,838 24,510 25,076 +10% +2% CIR (NLB Group, in %) 1-6 2025 1-12 2025 1-6 2026 46.7% 47.4% 46.5% 7 148.5 119.3 133.1 Q2 2025 Q1 2026 Q2 2026 -10% +12% Strong lending growth continues, with net operating income influenced by non-recurring items
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Cost of Risk (NLB Group, in bps) ROTE and ROE normalised(1) (NLB Group, in %) Note: (1) ROTE a.t. = annualised result a.t. (regulatory charges for NLB are not taken into annualisation), reduced for AT1 coupons, divided by the average equity, reduced for average intangible assets and average AT1 capital . ROE a.t. normalised = annualised result a.t. (regulatory charges for NLB are not taken into annualisation) reduced for AT1 coupons, divided by the average risk-adjusted capital. Average risk-adjusted capital is calculated as the CET1 strategic target of average RWA reduced by the CET1 minority shareholder capital contribution. (2) Based on 30.6.2026 closing share price and 2026 dividend guidance. NLB Group: Key financial highlights Net interest margin, quarterly (NLB Group, in %) -4 32 1-6 2025 1-6 2026 3.34% Q2 2025 3.24% Q3 2025 3.25% Q4 2025 3.19% Q1 2026 3.21% Q2 2026 1-6 2025 1-12 2025 1-6 2026 17.5% 23.4% 15.2% 20.5% 14.5% 19.1% 11.00 13.84 40% 2024 50% 2025 55% 2026 12.86 Payout Ratio % Gross DPS (in EUR) Dividend per Share and Dividend Yield 8.6% 7.0% ROTE ROE normalized Consistent delivery and growing shareholder distributions 8 6.15%(2)
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Macro Overview
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Strong regional footprint across EU and converging SEE markets NLB Group – Macro overview Source: Central banks, National Statistics Offices, FocusEconomics, NLB Note: (1) Bosnia and Herzegovina is comprised of 2 entities, The Federation of Bosnia and Herzegovina and Republika Srpska; (2) Official currency is BAM – Bosnia-Herzegovina Convertible Mark, pegged to EUR. Serbia GDP (EURbn) 88.7 GDP per Capita (EUR) 13,559 Population (m) 6.5 Credit ratings (S&P / Moody‘s / Fitch) BBB-/ Ba2 / BB+ RSDSlovenia GDP (EURbn) 67.2 GDP per Capita (EUR) 33,079 Population (m) 2.1 Credit ratings (S&P / Moody‘s / Fitch) AA / A2 / A+ North Macedonia GDP (EURbn) 17.0 GDP per Capita (EUR) 9,344 Population (m) 1.8 Credit ratings (S&P / Moody‘s / Fitch) BB- / n.a. / BB+ MKDMontenegro GDP (EURbn) 8.2 GDP per Capita (EUR) 13,091 Population (m) 0.6 Credit ratings (S&P / Moody‘s / Fitch) B+ / Ba3 / n.a. EUR Kosovo GDP (EURbn) 11.0 GDP per Capita (EUR) 6,956 Population (m) 1.6 Credit ratings (S&P / Moody‘s / Fitch) n.a. / n.a. / BB- EURBosnia and Herzegovina(1) GDP (EURbn) 30.4 GDP per Capita (EUR) 8,834 Population (m) 3.4 Credit ratings (S&P / Moody‘s / Fitch) B+ / B3 / n.a. EUR(2) EUR 10
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Domestic demand is expected to remain the principal driver of regional growth. Regional Economic Growth Remains Resilient Sources: National statistical offices, FocusEconomics, NLB Forecasts for 2026, 2027 and 2028. Note: (1) Harmonised Index of Consumer Prices for Slovenia, Kosovo and Eurozone, others Consumer Price Index Economic growth is expected to remain primarily driven by domestic demand. Strong wage growth, rising real incomes, robust credit expansion and resilient household consumption continue to support activity across most economies. Public investment, infrastructure projects, tourism and energy- sector investment underpin fixed investment, while services remain the main growth engine. Although exports support selected economies, weaker manufacturing, subdued external demand and higher energy prices mean domestic demand will remain the principal contributor to regional GDP growth. 2.0% 2.9% 2.2% 3.5% 2.7% 2.8% 0.9% 2.3% 3.3% 2.8% 4.0% 3.2% 3.6% 1.3% 2.4% 3.1% 3.0% 3.9% 3.2% 3.7% 1.5% Slovenia North Macedonia BiH Kosovo Montenegro Serbia EZ 2026 2027 2028 Real GDP growth, % Sources: FocusEconomics, Statistical offices, NLB Forecasts for 2025, 2026 and 2027. Inflation is expected to moderate despite short-term energy-price pressures. Inflation across the region remains elevated but is expected to moderate gradually. Higher energy, transport, housing and food costs continue to exert upward pressure on prices, while persistent services inflation reflects strong domestic demand and robust wage growth. In most economies, wage growth is expected to continue outpacing inflation, helping preserve household purchasing power and support private consumption, although higher energy prices remain an important short-term upside risk. Average inflation rate, % (1) 3.1% 4.1% 5.0% 6.0% 3.5% 3.3% 2.8%2.4% 2.6% 3.2% 3.4% 2.6% 3.2% 2.2%2.1% 2.2% 2.0% 2.1% 2.2% 3.0% 2.0% Slovenia North Macedonia BiH Kosovo Montenegro Serbia EZ 2026 2027 2028 11
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Labour markets remain resilient, supporting income growth across the region… Sources: FocusEconomics, estimations for 2025, 2026 and 2027. Labour-market conditions across the region remain generally favourable, supporting household incomes and domestic demand. Most economies continue to benefit from solid wage growth, reflecting persistent labour shortages and public-sector wage adjustments. While employment growth has moderated and unemployment has edged higher in some countries, labour-market conditions remain broadly resilient and continue to support household incomes, private consumption and domestic demand. Unemployment rate, % Sources: FocusEconomics, statistical offices, NLB Forecasts for 2025, 2026 and 2027. …as fiscal policy balances growth support with sustainability. Fiscal positions across the region remain broadly supportive of economic growth, with public investment, infrastructure projects and social transfers sustaining domestic demand. Serbia, North Macedonia and Kosovo continue to benefit from sizeable public investment programmes, while Montenegro and Bosnia and Herzegovina maintain a more moderate fiscal stance. Although fiscal policy continues to support growth, elevated public spending is expected to slow the pace of fiscal consolidation in several economies. Fiscal Balance, % GDP 4.0% 11.2% 11.2% 10.0% 10.3% 8.7% 6.2% 3.8% 10.0% 11.0% 9.5% 10.0% 8.6% 6.1% 3.7% 10.5% 10.8% 9.2% 9.8% 8.5% 6.1% Slovenia North Macedonia BiH Kosovo Montenegro Serbia EZ 2026 2027 2028 -2.6% -4.0% -2.6% -1.7% -3.7% -3.0% -3.3% -2.6% -3.6% -2.5% -2.0% -3.4% -2.8% -3.3% -2.4% -3.4% -2.1% -2.0% -3.3% -2.5% -3.2% Slovenia North Macedonia BiH Kosovo Montenegro Serbia EZ 2026 2027 2028 Resilient Labour Markets Support Regional Growth 12
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Sources: National Central Banks, ECB; Note: NBS – Non Banking Sector; NLB calculations (1) 2026 Q1 annualized GDP used for all countries, (2) Data May 2026 except for EZ (Q1 2026) andSerbia and Slovenia (April) and n. Macedonia (March) Untapped growth potential with strong fundamentals Retail and NFC loans as % of GDP (1). Loan penetration across NLB’s core markets remains well below euro area levels in both the retail and corporate segments. This structural under-penetration provides significant potential for further loan growth as incomes converge, investment activity strengthens and financial intermediation continues to deepen. Loan-to-deposit ratios remain conservative across the region, reflecting stable funding structures and ample liquidity buffers. This provides a solid foundation for sustainable credit expansion while limiting funding risks. Montenegro's higher ratio reflects more intensive balance-sheet utilisation than elsewhere in the region. 20.3% 14.7% Slovenia 26.4% 26.5% North Macedonia 25.9% 20.7% BIH 25.4% 33.9% Kosovo 29.6% 23.1% Montenegro 18.7% 18.5% Serbia 44.7% 34.8% EZ Retail NFC Low leverage leaves ample room for loan growth, while strong liquidity supports further balance -sheet expansion 13 Loans / Deposits May 2026, % (2) 72.8% 85.9% 78.9% 88.7% 96.7% 84.8% 93.4% Slovenia North Macedonia BiH Kosovo Montenegro Serbia EZ
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Business Performance Income Statement
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Net profit of the NLB Group – evolution YoY (in EURm) Solid underlying business performance, with growing lending and fee income, partly offset by non-recurring net non-interest income and provisioning Resilient recurring operating income performance 21.5 15.7 Result of non- controlling interests 1-6 2025 Net interest income Net fee and commission income 0.8 Recurring net non- interest income -19.4 Non- recurring net non- interest income -7.5 Total costs -1.9 Tax on balance sheet -34.9 274.4 252.4 Impairments and provisions -0.2 Profit from assoc. & JV 3.2 Income tax 0.6 1-6 2026 Underlying business performance remained solid in H1, and was driven by: • net interest income growth, based mostly on higher loan volumes, • strong fee and commission income growth, especially from investment funds, bancassurance, and account- related services, • disciplined cost development, with like-for-like recurring cost growth of approximately 3.6% - in line with strategic investment plan, • net establishment of impairments and provisions for credit risk, primarily driven by lending growth and limited credit migration, • non-recurring items: lower one-off gains from real estate sales and resolved legal cases compared to H1 2025, along with negative FX and derivative valuation effects. 15
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Net interest income of the NLB Group (in EURm) NIM improved QoQ despite lower rates and higher funding costs in selected SEE markets Net interest income Note: (1) Operational business net income annualised / average assets. Net interest margin, quarterly (in %) 583.3 621.1 291.2 305.2 315.9 -122.3 -140.7 -72.5 5.4 1-6 2025 7.5 1-6 2026 Q2 2025 Q1 2026 4.0 Q2 2026 466.4 488.0 232.5 240.6 247.3 -68.1 3.6 -62.0 3.3 +5% +6% +3% Interest income Interest expenses Derivatives & Other 3.94% 3.34% 2.51% Q2 2025 3.77% 3.24% 2.47% Q3 2025 3.70% 3.25% 2.54% Q4 2025 3.52% 3.19% 2.57% Q1 2026 3.45% 3.21% 2.62% Q2 2026 Operational business margin(1), quarterly (in %) 4.62% 3.41% 5.14% Q2 2025 4.53% 3.36% 4.94% Q3 2025 4.58% 3.44% 4.96% Q4 2025 4.41% 3.45% 4.58% Q1 2026 4.48% 3.53% 4.55% Q2 2026 NLB Group NLB SEE banks Net interest income increased by 5% YoY and remained the largest contributor to the Group's net operating income, accounting for 75% of the total. Growth was primarily driven by robust loan volume expansion across most Group members, particularly in retail lending. The increase was more pronounced in Slovenia, while in selected SEE markets it was partly offset by higher funding costs, reflecting stronger competition for customer deposits in markets where liquidity conditions remained tighter. On a YoY basis, the net interest margin declined by19 bps to 3.21%, with a more pronounced decrease in the SEE banks, reflecting stronger funding pressure. Similarly, the operational business margin decreased by 21 bps to 4.45%. Group NIM improved slightly QoQ, supported by NLB’s sight-deposit base and active asset pricing. 16
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Net interest income evolution YoY evolution (in EURm) QoQ evolution (in EURm) 17 2.6 3.4 2.2 2.8 Q1 2026 Days effect -1.8 Balances with CB 0.6 Loans to corporate Q2 2026Other -0.1 Funding -1.1 Deposits from customers -1.9 247.3 SecuritiesLoans to state Loans to banks 0.1 Loans to individuals 240.6 +3% QoQ 8.7 15.1 15.7 1-6 2026Other 0.8 Funding -1.2 Deposits from customers -15.8 SecuritiesLoans to state 466.4 488.0 5.2 Loans to individuals Loans to corporate Loans to banks 0.0 Balances with CB -6.9 1-6 2025 +5% YoY Interest income growth was primarily driven by: • higher loan volumes, particularly loans to individuals • securities income, with ~60% attributable to volume growth and the remainder to higher yields This was partially offset by: • lower yields on interbank and central bank balances • higher deposit costs The QoQ increase was attributable to an additional calendar day in the period, while income from loans and securities more than offset lower yields on interbank and central bank balances and higher customer deposit costs. Continued loan growth underpins resilient NII
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NII sensitivity to various rate shocks (Group, EURm) NII sensitivity to interest rate shifts Active interest rate risk management supports stable medium-term net interest income 18 1M EURIBOR 3M EURIBOR 18 NLB Group NII sensitivity in time - Scenario -100 bps parallel shift (Group, EURm) NII sensitivity by balance sheet positions in scenario of -100 bps parallel shift (Group, EURm, 30 June 2026) Assets Liabilities Loans FLOAT - 60.0 Term Deposits 25.7 Loans FIX - 16.0 Interbank 12.1 CB and cash - 9.2 Sight deposits 8.9 BB Securities - 6.0 Derivatives Net 4.9 Interbank - 0.5 Securities issued 0.0 TOTAL - 91.7 TOTAL 51.6 -70.7 -67.2 -67.6 -65.4 -67.6 -43.5 -40 2.47% 2.34% 2.34% 2.27% 1.99% 1.29% 1.19% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% -80 -40 0 40 31.12.2024 31.3.2025 30.6.2025 30.9.2025 31.12.2025 31.3.2026 30.6.2026 Change in NII % of Tier1 Capital Sustainable profit growth is one of the NLB Group’s priorities. To protect future interest income, the Group continues to actively manage its NII sensitivity and is utilising market opportunities to secure stable interest income for the medium term. The net interest income sensitivity, simulated by a 100-bps immediate parallel downward shift in interest rates, stood at EUR -40.0 million or -1.19% of the T1 capital in June 2026. Floating-rate loan positions remained the main driver of the sensitivity (EUR -60 million), partly offset by deposits and derivatives. During H1 2026, the Group continued to manage its IRRBB position in a prudent and flexible manner, preserving the capacity to execute material IRRBB management actions in the event of a stronger view on market interest rate dynamics. At the end of H1, the banking book securities portfolio’s average duration was 3.99 years (up from 3.6 years in 2024), with an average yield of 2.68% YtD, reflecting an increase of 0.28 p.p. from the previous year. -40.0 -20.0 19.3 37.7 -40 -20 0 20 40 Scenario - 100 BP Scenario - 50 BP Scenario + 50 BP Scenario + 100 BP
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Strong recurring fee growth offset by lower non-recurring income and negative valuation effects Net non-interest income Net non-interest income of the NLB Group (in EURm) Net fee and commission income of the NLB Group (in EURm) 17.7 20.2 33.0 41.2 16.5 20.1 21.2 23.5 23.1 88.9 94.2 45.1 45.6 48.6 1-6 2025 1-6 2026 8.6 Q2 2025 Q1 2026 Q2 2026 163.1 178.8 82.7 86.6 92.2 12.5 10.8 10.1 12.3 10.1 +10% +12% +6% Net fee and commission income increased by 10% YoY, with broad-based growth across virtually all Group members. The increase was primarily driven by higher income from investment funds, bancassurance and account-related services, with fee income from payment services also contributing positively. Asset management business NLB Skladi delivered a strong performance, recording net inflows of EUR 151.1 million in the first half of 2026 (compared with EUR 112.5 million in H1 2025). On a QoQ basis, net fee and commission income increased by EUR 5.6 million, supported by broad-based growth across most fee categories. Overall, net non-interest income decreased by 2% YoY, mainly reflecting the stronger comparative base in H1 2025, which benefited from higher one-off gains (real estate sales and resolved legal dispute) and positive FX and derivative valuation effects, which turned negative in H1 2026. On a QoQ basis, net non-interest income increased, supported by higher net fee and commission income, a positive contribution (vs. negative in Q1) from non- recurring items, and the absence of the EUR 13.2 million DGS-related regulatory cost accrued at NLB in Q1. 16.5 178.8 86.6 163.1 82.7 92.2 -11.0 1-6 2025 -10.2-2.9 1-6 2026 0.78.8 Q2 2025 -12.0-3.5 Q1 2026 1.80.6 Q2 2026 168.6 165.7 92.1 71.2 94.5 -2% +3% +33% Payment transactions & Basic accounts Cards and ATM operations Investment funds & Bancassurance Investment banking, Guarantees & OtherNet fee and commission income Recurring other net non-interest income Non-recurring other net non-interest income 19
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Total costs of the NLB Group (in EURm) Cost discipline maintained despite higher IT costs and salary adjustments Costs # of Employees • Total costs increased by 3.6% YoY on a like-for-like basis, excluding EUR 3.0 million of non-recurring G&A cost recognized in 2025. The increase was broadly evenly split between employee costs and other general and administrative expenses. • Employee costs increased by EUR 4.2 million YoY, primarily reflecting salary adjustments across the Group. The impact of variable compensation linked to the share price amounted to EUR 5.2 million, compared to EUR 4.9 million booked in the H1 of the previous year. • Other G&A expenses increased by EUR 7.9 million YoY on like-for- like basis, mainly driven by higher IT-related costs. • On a QoQ basis, total costs increased by EUR 8.1 million, mainly due to higher general and administrative expenses related to IT and marketing, as well as higher variable share-price-linked compensation. 2,524 5,124 436184 30 Jun 2025 2,469 5,031 419188 31 Dec 2025 2,462 4,967 427208 30 Jun 2026 8,268 8,107 8,064 -204 NLB SEE Banks Leasings & AuM NLB DigIT and other 171.4 175.6 88.9 87.5 88.1 93.9 98.8 47.7 45.6 53.2 31.0 29.4 1-6 2025 1-6 2026 Q2 2025 Q1 2026 14.6 Q2 2026 296.3 303.8 152.5 147.9 155.9 15.9 14.7 +3% ~+3.6% Like-for-like +2% +5% Employee costs Other general administrative expenses Depreciation and amortisation 20
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Business Performance Balance Sheet
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Continued loan growth, with balanced funding structure maintained NLB group's balance sheet structure is a strong foundation for future growth Net loans to customers 19,654 Cash equivalents & placements with banks 3,998 Financial assets 7,273 Other assets 928 Assets Deposits from customers 25,076 Deposits from banks and central banks & Borrowings 589 Other debt securities in issue 1,007 Subordinated debt securities 542 Other liabilities 666 Total equity 3,973 Liabilities 31,853 31,853 Balance sheet structure (30 June 2026, in EURm) 52.8%43.1% Loans to individualsLoans to corporate 4.1% Loans to state +5% YtD 70.0% 28.0% Deposits from individuals Deposits from corporate 2.0% Deposits from state +2% YtD LTD 78.4% 22 Leverage ratio 10.1%
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The Group's loan book continues to expand Sustained loan growth across segments NLB Group consolidated Gross loans to corporate & state (in EURm) Gross loans to individuals (in EURm) NLB Slovenia(1) SEE banks(2) 31 Dec 2025 30 Jun 2026 4,819.2 5,126.7 +6% 31 Dec 2025 30 Jun 2026 4,396.3 4,567.4 +4% 31 Dec 2025 30 Jun 2026 5,364.4 5,630.0 +5% 31 Dec 2025 30 Jun 2026 4,375.8 4,617.3 +6% 31 Dec 2025 30 Jun 2026 9,101.0 9,487.5 +4% 31 Dec 2025 30 Jun 2026 9,992.4 10,573.3 +6% Note: (1) On standalone basis; (2) Sum of data from banking subsidiaries in South-East Europe on a stand-alone basis as included in the consolidated financial statements of the Group. • Loan growth across all geographies and business segments. • Strong housing loan production in Slovenia, with EUR 420.6 million in new lending in H1 2026 (+16% YoY). • Continued lending growth across SEE markets, supported by resilient client demand. 23
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The decline in loan yields is moderating as market rates stabilise Loan yield compression moderating NLB Group(1) Corporate and retail portfolio of NLB Group Interest rates for loans to customers (gross, quarterly, in %) NLB (2) SEE banks(3) Corporate (incl. SME) Consumer Housing 5.30% Q2 2025 5.08% Q3 2025 5.08% Q4 2025 5.04% Q1 2026 5.02% Q2 2026 4.34% Q2 2025 4.11% Q3 2025 4.11% Q4 2025 4.10% Q1 2026 4.09% Q2 2026 5.83% Q2 2025 5.66% Q3 2025 5.64% Q4 2025 5.58% Q1 2026 5.56% Q2 2026 Fix Float 67% of the Group loan portfolio is linked to a fixed interest rate, and the rest to a floating rate (mainly the Euribor reference rate) Note: (1) Interest rates by segments are available in spreadsheets NLB GROUP Key Financials – Q2 2026. Results; (2) On stand alone basis; (3) Sum of data on a stand-alone basis as included in the consolidated financial statements of the group. 45% 55% 31 Dec 2025 45% 55% 31 Mar 2026 84% 16% 81% 19% 31 Dec 2025 83% 17% 31 Mar 2026 84% 16% 82% 18% 31 Dec 2025 83% 17% 31 Mar 2026 24 53% 47% 30 Jun 2026 30 Jun 2026 30 Jun 2026
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Growth of deposits from individuals continues, while corporate & state trends vary across markets Deposit dynamics NLB Group consolidated Deposits from corporate & state (in EURm) Deposits from individuals (in EURm) NLB Slovenia(1) SEE banks(2) Note: (1) On stand-alone basis, term deposits include the funds on saving accounts that are locked for the first 7 days; (2) Sum of data from banking subsidiaries in South-East Europe on a stand-alone basis as included in the consolidated financial statements of the Group. 31 Dec 2025 30 Jun 2026 16,951.2 17,550.6 2,932.9 14,018.3 2,983.1 14,567.5 +4% 748.4 31 Dec 2025 654.7 30 Jun 2026 9,708.3 10,038.3 8,959.9 9,383.6 +3% 31 Dec 2025 30 Jun 2026 7,242.9 7,512.3 2,184.5 5,058.3 2,328.3 5,184.0 +4% 31 Dec 2025 30 Jun 2026 7,558.7 7,525.2 1,624.7 5,934.0 1,721.1 5,804.2 0% 580.1 31 Dec 2025 486.8 30 Jun 2026 3,741.5 3,500.2 3,161.5 3,013.4 -6% 31 Dec 2025 30 Jun 2026 3,888.1 4,099.0 1,092.2 2,795.9 1,267.7 2,831.3 +5% Term deposits Sight deposits • Deposits from individuals increased across the Group, supported by seasonal holiday allowance payments in Slovenia and continued growth in all SEE markets. • Deposits from corporate and state showed mixed developments across individual markets, reflecting local business conditions and funding needs. • Deposit pricing continued to diverge between NLB and the SEE banks, reflecting different funding dynamics. 25
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Deposit rates reflect diverging funding dynamics in NLB and the SEE markets NLB Group Funding Driven by Deposits Note: (1) Interest rates by segments are available in spreadsheets NLB GROUP Key Financials – Q2 2026; (2) On stand-alone basis; (3) Sum of data on a stand-alone basis as included in the consolidated financial statements of the Group; (4) On consolidated basis; (5) interest rates set as a proportion of 6M EURIBOR. NLB Group(1) NLB Slovenia(2) SEE banks(3) 0.52% Q2 2025 0.52% Q3 2025 0.54% Q4 2025 0.59% Q1 2026 0.61% Q2 2026 0.73% Q2 2025 0.79% Q3 2025 0.85% Q4 2025 0.98% Q1 2026 1.05% Q2 2026 0.35% Q2 2025 0.29% Q3 2025 0.29% Q4 2025 0.26% Q1 2026 0.24% Q2 2026 Interest rates for customers deposits (quarterly, in %) 73% 27% 30 Jun 2025 71% 29% 31 Dec 2025 69% 31% 30 Jun 2026 89% 11% 30 Jun 2025 90% 10% 31 Dec 2025 92% 8% 30 Jun 2026 Sight Term Deposit split(4) (%) SEE banksSlovenia 26 Savings accounts(5): 35% of sight deposits
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32.4% 16.4%23.9% 3.3% 13.2% 10.5% Banking book securities by asset class (NLB Group, 30 June 2026) Balanced and diversified securities portfolio Note: (1) Financial instruments not measured at fair value in financial statements are not managed on a fair value basis. For respective instruments fair values are calculated for disclosure purposes only and do not impact NLB Group statement of financial position or income statement. (2) 92% of non-investment grade securities relate to NLB Group's markets, i.e. exposures to Bosnia and Herzegovina, North Macedonia, etc. Banking book securities by rating(2) (NLB Group, 30 June 2026) A AAAAA B BB BBB 0.2% NR At the end of H1, the banking book securities portfolio’s average duration was 4.42 years (up from 3.99 years in 2025), with an average yield of 2.90% YtD, reflecting an increase of 0.16 p.p. from the previous year. EUR 7,143 mEUR 7,143 m 0,9 % of regulatory capital Government bonds Bank senior unsecured bonds Covered bond Multilateral bank Agency bonds and GGB's Subordinated debt 0.6% Corporate 0.3% High-quality portfolio driven by government bonds and investment grade securities 64.1% 16.5% 4.0% 14.5% Banking book portfolio NLB Group, 30 June 2026 (EURm, years) Unrealized Losses Amount Duration (Amount) FVOCI 2,726 3.28 1.2 AC (1) 4,417 5.13 36.0 TOTAL 7,143 4.42 27
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Capacity for growth and shareholder returns Robust capital position: maintaining significant buffers above regulatory requirements Capital adequacy: requirement vs. actual (as of 30 Jun 2026) NLB Group's capital and surplus above the regulatory requirements As of 30 June 2026, the Bank‘s OCR stood at 14.76%, broadly stable (unchanged from the Q1) versus year-end 2025 (14.75%), with the slight increase driven by a higher institution-specific Countercyclical capital buffer (0.83% vs 0.80%). Effective from 1 January 2026, the Bank’s P2R was reduced to 2.10% from 2.12%, while P2G was lowered to 0.75% from 1.00% following improved SREP outcomes. Structure CBR (Combined Buffer): Capital conservation buffer 2.5% O-SII buffer 1.25% Systemic risk buffer 0.08% Countercyclical capital buffer 0.83% As of 30 June 2026, the Group's total capital ratio (TCR) stood at 19.3%, reflecting a 0.8 pp decrease compared to the end of 2025 (mainly due to an increase in RWA of EUR 740.0 million and a capital decrease of EUR 14.9 million), and a CET1 ratio of 14.8%, both well above regulatory requirements. 28 Pillar 2 2.53% 1.89% 5.68% TSCR 4.66% Combined Buffer 0.75% P2G 2.00% 1.89% 11.09% OCR+P2G T2 AT1 CET1 1.50% 4.50% Pillar 1 0.53% 0.39% 8.00% 2.10% 10.10% 1.18% 2.53% 2.61% 1.90% 14.80% 30 June 2026 T2 AT1 CET1 OCR Requirement 14.76% OCR Requirement+P2G 15.51% Actual 19.31% in EUR million 30 June 2026 31 Dec 2025 Change YtD Surplus over requirements OCR+P2G 30 June 2026 Common Equity Tier 1 capital 2,996.7 3,011.6 -14.9 750.7 Tier 1 capital 3,381.8 3,396.7 -15.0 752.3 Total capital 3,910.7 3,925.6 -14.9 769.9 Total risk exposure amount (RWA) 20,249.8 19,509.8 740.0 Common Equity Tier 1 Ratio 14.8% 15.4% -0.6 pp 3.7 pp Tier 1 Ratio 16.7% 17.4% -0.7 pp 3.7 pp Total Capital Ratio 19.3% 20.1% -0.8 pp 3.8 pp
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Disciplined RWA management for a robust capital position RWA composition and density RWA structure (in EURm) In 2026 (YtD), the RWA for credit risk increased by EUR 607.8 million, primarily due to portfolio growth in the corporate and retail segments, with a significant share of the loans being at least partially secured by real estate. RWA further increased due to higher surplus liquidity assets, driven by increases in EUR-denominated balances held with central banks in the Group’s home markets, higher deposits with commercial banks, and additional purchases of sovereign debt securities. The increase in RWAs for market risks and Credit Value Adjustments (CVA) by EUR 134.5 million YtD was driven by a higher RWA for FX risk (EUR 129.9 million). This increase reflects more open positions in the domestic currencies of non-euro subsidiary banks. 29 7,096 * RWA / Total Assets 62%59% 65% 64% 12,168 14,508 16,137 16,770 1,462 1,522 1,581 1,713 1,707 2,186 1,767 1,767 15,337 18,216 19,485 20,250 31 Dec 2023 31 Dec 2024 31 Dec 2025 30 Jun 2026 Credit risk Market risk incl. CVA Operational risk
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Wholesale Funding
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NLB Komercijalna Banka, Beograd NLB's MREL position comfortably above the requirement Aligning wholesale funding with NLB's multiple point of entry (MPE) resolution strategy Evolution of MREL eligible funding, the MREL requirement and the actual MREL ratio (in EURm, in %) NLB Resolution Group __ --- Resolution group MREL legislation not implemented yet NLB Group follows an MPE resolution strategy with each resolution group raising its MREL debt.As at 30 June 2026, the Group’s MREL ratio was 37.83% of TREA and 20.92% of LRE, significantly above the applicable requirements of 30.15% of TREA plus applicable CBR of 4.80%, and 11.71% of LRE, respectively. 31 NLB Banka, Podgorica NLB Banka, Skopje NLB Banka, Banja Luka NLB Group follows an MPE resolution strategy with each resolution group raising its MREL debt NLB Banka, Sarajevo NLB Banka, Prishtina NLB d.d., Slovenia & NLB Lease&Go subsidiaries, NLB Skladi, Other TREA: 11,155 EURm 2,734 3,187 1,057 1,50535.04% 37.48% 31 Dec 2024 34.71% 43.83% 31 Dec 2025 1,047 3,173 34.95% 37.83% 30 Jun 2026 Actual MREL ratio MREL requirement (including CBR) CET1+T1+T2 MREL deposits and senior funding
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Wholesale funding balancing MREL compliance with capital efficiency NLB wholesale funding Outstanding notes as at 30 June 2026: Type of the notes ISIN code Issue Date Maturity First call date Interest Rate Nominal Value Senior Preferred XS2972971399 21 Jan 2025 21 Jan 2029 21 Jan 2028 3.500% p.a. EUR 500m Senior Preferred XS2825558328 29 May 2024 29 May 2030 29 May 2029 4.500% p.a. EUR 500m Total SP: EUR 1,000m Tier 2 XS2750306511 24 Jan 2024 24 Jan 2034 24 Jan 2029 6.875% p.a. EUR 300m Tier 2 XS2413677464 28 Nov 2022 28 Nov 2032 28 Nov 2027 10.750% p.a. EUR 225m Total T2: EUR 525m Additional Tier 1 XS3227899989 26 Nov 2025 Perpetual 26 Nov 2030 6.50% p.a. EUR 300m Additional Tier 1 SI0022104275 23 Sep 2022 Perpetual between 23 Sep 2027 and 23 Mar 2028 9.721% p.a. EUR 82m Total AT1: EUR 382m Total outstanding: EUR 1,907m 32
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Ratings SACP – Stand Alone Credit Profile bbb Anchor bbb- Business Position Adequate 0 Capital and earnings Adequate 0 Risk position Adequate 0 Funding and liquidity Strong and Strong 0 CRA Adjustment 0 Support +1 ALAC support +1 GRE support 0 Group support 0 Sovereign support 0 Additional factors 0 Issuer Credit Rating Long-Term Outlook / Short-Term BBB+ / Positive / A-2 Weighted Macro Profile Moderate + Financial Profile Asset Risk baa3 Capital baa2 Profitability baa1 Funding Structure baa2 Liquid Resources baa2 Quantitative Factors GRE Support 0 Group Support 0 Sovereign Support 0 BCA (Baseline Credit Assessment) baa2 Affiliate Support 0 LGF (Loss Given Failure) +3 Government Support 0 Adjusted BCA baa2 Issuer Credit Rating Long-Term Outlook / Short-Term A2 / Stable / P-1 + + + + = = = + = Strong credit fundamentals supported by solid liquidity and stable outlooks 33
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Asset Quality
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Diversified segment and geographic mix with continued growth across core markets NLB Group credit portfolio Corporate and retail credit portfolio by geography (Group, 30 Jun 2026, % and EURm) Corporate and retail credit portfolio by segment (Group, 30 Jun 2026, % and EURm) SME 5,554 28% Corporates 3,552 18% Retail housing 5,572 28% Retail consumer 5,002 25% EUR 19.7 bn SME Corporate Retail/Housing Retail/Consumer Slovenia 9,256 Other(1) 656BiH 1,639 N. Macedonia 1,823 Montenegro 905 Kosovo 1,284 Serbia 4,116 Slovenia BIH N. Macedonia Montenegro Kosovo Serbia Other (1) 47% 47% 47% 8% 8% 8% 9% 9% 9% 5% 5% 5% 7% 7% 7% 21% 21% 21% 3% 3% 3% EUR 19.7 bn Source: Company information; Note: (1) The largest part represents EU members. 49% 8% 9% 4% 6% 20% 3% Dec-24 Dec-25 Mar-26 Jun-26 35 4,633 3,138 4,522 4,213 5,301 3,415 5,233 4,759 5,473 3,576 5,399 4,889 5,554 3,552 5,572 5,002 +5% YtD +6% YtD +5% YtD +4% YtD
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Stage distribution remains stable NLB Group provisioning dynamics Stage 1 share by segment Stage 2 share by segment Stage 3 share by segment Note: (1) Credit portfolio also includes advances to banks and central banks; (2) State includes exposures to central banks. Credit portfolio (1) by stages (Group, 30 Jun 2026, in EURm) 89.6% 93.6%89.9% 92.6%89.4% 92.7%89.6% 92.6% 8.1% 4.7%6.6% 5.9%7.2% 5.7%7.1% 5.9% 2.4% 1.7% 3.6% 1.6% 3.4% 1.6% 3.2% 1.5% -0.3 pp YtD 31 Dec 202531 Dec 2024 31 Mar 2026 Corporate Corporate CorporateRetail Retail Retail 36 +0.0 pp YtD +0.5 pp YtD +0.0 pp YtD -0.4 pp YtD -0.1 pp YtD Credit portfolio Share of Total YTD change Credit portfolio Share of Total YTD change Credit portfolio Share of Total YTD change Provision Volume Provision Coverage Provision Volume Provision Coverage Provisions & FV changes Coverage with provisions and FV changes Total NLB Group 21,716.2 92.6% 57.3 1,272.9 5.4% 112.5 459.8 2.0% -9.8 71.4 0.3% 89.0 7.0% 244.5 53.2% o/w Corporate 8,160.3 89.6% 328.2 649.9 7.1% 76.2 295.9 3.2% -14.9 33.7 0.4% 37.8 5.8% 135.7 45.9% o/w Retail 9,787.5 92.6% 539.3 621.9 5.9% 36.5 163.9 1.5% 5.1 35.7 0.4% 51.2 8.2% 108.9 66.4% o/w State 3,352.4 100.0% -759.1 0.0 0.0% -1.2 0.0 0.0% 0.0 1.8 0.1% 0.0 29.0% 0.0 95.2% o/w Institutions 416.1 99.8% -51.1 1.0 0.2% 1.0 0.0 0.0% 0.0 0.1 0.0% 0.0 2.2% 0.0 100.0% in EUR million Credit portfolio Provisions and FV changes for credit portfolio Stage1 Stage2 Stage3 & FVTPL Stage1 Stage2 Stage3 & FVTPL 30 Jun 2026
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Highly diversified corporate portfolio with no significant concentration in any specific industry NLB Group corporate portfolio Source: Company information Corporate credit portfolio (Group, 30 Jun 2026) • Corporate loan portfolio growth in H1 2026 was supported by lending activity, concentrated in wholesale and retail trade, renewable energy projects and construction. • Credit portfolio remains well diversified. Industries with largest exposures include a broad range of diverse activities. 37 Credit porfolio in EUR millions Main manufacturing activities NLB Group % ∆ 2Q 2026 ∆ 2026 Manufacture of food products 534.7 6% -14.1 -5.3 Manufacture of basic metals 253.2 3% -1.6 10.8 Manufacture of fabricated metal products, except machinery and equipment 195.2 2% -1.6 -6.4 Manufacture of other non-metallic mineral products 115.2 1% -2.6 0.7 Manufacture of electrical equipment 102.8 1% -7.9 -13.2 Manufacture of chemicals and chemical products 100.1 1% 0.8 9.3 Manufacture of motor vehicles, trailers and semi-trailers 87.2 1% -7.0 -5.8 Manufacture of machinery and equipment n.e.c. 85.9 1% -2.9 -2.5 Manufacture of basic pharmaceutical products and pharmaceutical preparations 79.8 1% 4.3 3.6 Manufacture of rubber and plastic products 75.5 1% 0.4 0.6 Manufacture of w ood and of products of w ood and cork, except furniture, manufacture of articles of straw and plaiting materials 62.8 1% 4.2 3.2 Manufacture of w earing apparel 55.8 1% 5.9 16.7 Manufacture of furniture 45.1 0% -4.1 -3.0 Other manufacturing activities 270.1 3% -5.9 4.5 Total manufacturing activities 2,063.3 23% -32.2 13.4 NLB Group % ∆ 2Q 2026 ∆ YtD 2026 Accommodation and food service activities 338.7 4% 5.6 16.5 Administrative and support service activities 203.1 2% 24.9 29.0 Agriculture, forestry and fishing 459.3 5% 13.7 18.5 Arts, sports and recreation 20.1 0% -0.7 -1.5 Construction 826.7 9% 30.9 62.6 Education 26.1 0% -2.0 -2.2 Electricity, gas, steam and air conditioning supply 673.7 7% -0.2 50.8 Financial and insurance activities 271.6 3% -21.4 -23.6 Human health and social w ork activities 80.2 1% 15.3 16.8 Manufacturing 2,063.3 23% -32.2 13.4 Mining and quarrying 36.2 0% -3.0 -2.9 Professional, scientific and technical activities 452.4 5% 20.9 33.5 Public administration and defence, compulsory social security 293.5 3% 14.6 25.5 Publishing, broadcasting, and content production and distribution activities 18.5 0% 0.0 1.4 Real estate activities 571.6 6% -24.0 -30.4 Other service activities 71.3 1% 5.9 8.2 Telecommunication, computer programming, consulting, computing infrastructure and other information service activities 172.9 2% -35.3 -38.7 Transportation and storage 604.1 7% -5.8 1.4 Water supply, sew erage, w aste management and remediation activities 73.3 1% -0.6 1.7 Wholesale and retail trade 1,849.4 20% 48.3 208.6 Other 0.0 0% -0.1 0.0 Total Corporate sector 9,106.1 100% 55.0 388.6 Credit porfolio in EUR millions
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Automotive industry accounts for only 4% of the Group’s corporate portfolio Exposure to automotive industry Source: Company information Corporate credit portfolio (Group, 30 Jun 2026) • In 1H 2026, new lending to automotive companies remained limited. Exposure to the automotive industry remains low, as manufacturing of car components accounts for 1.5% and car sales, including maintenance, represent 2.6% of the corporate portfolio. Car Sales & maintenance in NLB-G Banks Car Sales & maintenance in NLB-G leasing companies Manufacturing of car components in NLB Group France 15% N. Macedonia 7% Serbia 5% Slovenia 72% Slovenia 54% Kosovo 8% Serbia 6% BiH 13% N. Macedonia 8% Montenegro 11% Slovenia 67% Croatia 27% Serbia 5% N. Macedonia 1% ~ EUR 139 million ~ EUR 100 million ~ EUR 135 million 38
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Serbia 42% BiH 21% N. Macedonia 13% Kosovo 9% Slovenia 4% Austria 12% Kosovo 12% BiH 6% N. Macedonia 9% Montenegro 2% Serbia 30% Slovenia 40% Serbia 20% Slovenia 60% N. Macedonia 8% Montenegro 5% BiH 4% Kosovo 2% Limited, well-controlled portfolio with ongoing oversight Real-Estate financing and specialised lending Notes: RE in construction includes land for construction purposes, construction of residential and commercial real estate for sale and rent, Finished RE for rent or sale includes rented residential and commercial real estate and residential and commercial real estate for sale, Specialised lending includes financing of projects (not related to real-estate), objects or commodities. Corporate credit portfolio (Group, 30 Jun 2026) RE in construction Finished RE - for rent or sale Specialised lending EUR ~ 570 million EUR ~ 478 million EUR ~ 336 million Of which EUR 41 m for sale • The Bank is carefully selecting RE projects focusing on prime locations and experienced developers. Projects are carefully monitored throughout each construction phase, and no material disruptions have been identified. • During the 1H 2026, exposure to the real estate in construction increased due to new financing of construction projects, primarily residential real estate developments in Slovenia, Serbia and Kosovo. The increase in the specialised lending portfolio in 2026 was primarily driven by the financing of projects related to green energy production. 39
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Notes: (1) Cash coverage is calculated including both individual and pool provisions and represents Coverage ratio 1. NPL specific provisions represent Coverage ratio 2. NPL and coverage ratios Stable NPL and increasing coverage ratios 40 Gross NPL ratio within the planned framework (Group, EURm) 40 0 10 20 30 40 50 60 70 80 90 100 110 120 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 1.6% 330 55.9% 52.3% 50.4% 62.7% 470 46.7% 49.4% 476 2.0% 88.1% 53.2% 51.5% 460 2.0% 84.2% 31 Dec 2024 108.7% Coverage ratio 2NPLs NPL ratio Coverage ratio 1 Collateral coverage 31 Dec 2025 2.0% 82.7% o\w EUR 224 m have 0 days delay In the first half of 2026 trends in the quality of the credit portfolio remained stable. The non-performing loan (NPL) ratio remained unchanged, with a modest increase in coverage through provisions. As of June 30, 2026, the NPL and NPE ratios stood at 2.0% and 1.3%, respectively. A slight improvement in coverage ratios (CR1: 88.1%; CR2: 53.2%) occurred after the slight drop at YE 2025. The Group’s NPL coverage remained robust, exceeding the EBA’s reported EU-bank average of 41.3% (as of Q1 2026). 31 Mar 2026 30 Jun 2026
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Cost of risk at 32 bps at the lower end of guidance Impairments and provisions for credit risk In 1H 2026, the Group established net impairments and provisions of EUR 32.0 million: • primarily driven by lending growth and limited credit migration; • this was partially offset by EUR 12.9 million in recoveries from written-off receivables; • update of risk parameters and model changes contributed to a release of EUR 3.3 million. Consequently, the Cost of Risk for 1H 2026 stood at 32 bps (annualized). -16.8 3.7 Cumulative net new impairments and provisions for credit risk (1-6 2026, in EUR million) 41 3.3 -32.0 Changes in models/ risk parameters -48.2 Portfolio development 12.9 Repayments of written-off receivables Net impairments and provisions for credit risk Release Establishment
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ESG
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Sustainability Quality of Life Enhancing well-being and creating positive social impact for communities across our region. Sustainable Economy Driving economic growth while maintaining environmental responsibility and long-term viability. Our Home Region Committed to Southeastern Europe's development and prosperity as our foundation and future. ESG Ratings Overview 13.7 Sustainalytics ESG Risk 59 S&P Global ESG Score B CDP Rating Rating Scales Overview Sustainalytics* Severe High Medium Low Negl S&P Global CDP D- D C- C B- B A- A Scale from worst (left) to best (right). Highlighted box indicates current positioning. *Evaluation for year 2025 in the process at the time of preparation of this presentation. 0 20 40 60 80 10059 Improving the quality of life and contribute to a sustainable economy & society in Southeastern Europe, our home region 43
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Digital
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45 Digital penetration in % Accelerating our digitalisation is the core of our 2030 strategy, customer digitalisation is on track towards our 2030 target +13.4% Digital engagement (1) YoY (retail) +8.1% Digital sales (2) YoY (retail) 12-2023 12-2024 12-2025 H1 2026 2030 target 50% 57% 62% > 80% 65% 45 (1) Digital engagement - # monthly logins of active digital user (2) All banks included in calculation, with digital sales available in 4 banks only
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Digitalisation Accelerating digital transformation and service-oriented growth 46 Group # active digital users and penetration (1) (in 000) (1) Share of active digital user in # of clients with active transactional account. 46 More than 1.9 million digital users in the Group as at 30 June 2026, o/w almost 70% are active users. 70.8% NLB Ljubljana 59.1% NLB KB Beograd NLB Skopje 60.0% NLB Banja Luka 60.3% NLB Sarajevo 47.5% NLB Prishtina 57.9% NLB Podgorica 503,448 437,128 107,685 53,417 113,090 48,481 64.4% 251,102 NLB d.d. sustained its leadership position in Slovenia’s digital banking market with NLB Klik, recognized for its outstanding user experience and advanced functionalities. The end-to-end digital availability of everyday banking products continues to accelerate digital adoption, with digital sales exceeding 40% for selected products. Across the NLB Group, digital sales capabilities are gaining momentum, with key products already available in Skopje, Prishtina, and Belgrade, supported by growing digital penetration and higher customer engagement. The Group continues to expand its digital ecosystem through mobile-first, AI-enabled onboarding, authentication, and analytics solutions, while advancing a comprehensive transformation of digital banking services for SME and micro business customers. active digital users active users penetration
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47 2025 deliverables and 2026 priorities Ongoing transformation is clearly structured towards improving customer experience and improve financial bottom line Reducing friction Improving stickiness Easing sales Digital payments Digital card issuance App improvements ▪ ApplePay roll-out ▪ SEPA Instant payment in roll-out ▪ Upgraded NLB Klik, Klik Pro ▪ ‘26: relaunch in Serbia and across group ▪ Card delivery in real-time across group Digital retail onboarding Private banking app Digital factoring ▪ Early ’26: mobile-first, biometric- based onboarding in Slovenia ▪ Targeted launch towards growth segment ▪ Faster payouts and no manual data entry Digital trading Digital authentication Virtual assistant ▪ Early ’26: simplified login, activation and reactivation and enhanced security ▪ Launch across group ▪ `26: further upgrades, incl. internal AI-based assistants planned ▪ Launch of digital trading app ▪ Introduction of individual investment accounts in Slovenia and Klik-integration Digital legal entity onboarding 24/7 call centers Straight through consumer finance ▪ Coming: self service model offering with continuous improvement in 2026 ▪ Positioned as unique value proposition across markets ▪ Launched in Slovenia and in roll- out across group ▪ Upgraded processes with >80% STP rate in Slovenia (and 95% 2030 target across group) 47
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48 Digital, simple, and safe: achieving balanced technological evolution Independent external scoring 88.0% Critical security controls 83.0% 85.0% Internal benchmark 99.81% 80.0% 2024 2025 99.96% 99.75% 663 643 1,059 968 388 371 245 239 216 199 232 231 156 152 77% NLB Ljubljana 80% 69% NLB KB Beograd 72% 73% NLB Skopje 80% 63% NLB Banja Luka 64% 58% NLB Sarajevo 63% 45% NLB Prishtina 40% 61% NLB Podgorica 66% Number of distribution network employees H1 2026 Number of distribution network employees YE 2025 STP rate Q1 vs. H1 2026 Channel availability Digital-first lending powered by strong technology resilience and robust regulatory compliance Average CISO score (target >80) Straight through process-consumer lending
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49 Area Key shifts by 2030 1 | Operating Model Continued investments aligning with European best-practice Technology in cross-functional agile teams, owning products & journeys end-to-end 2 | Architecture & Group Delivery Group solutions as an enabler for digital transformation Move to modern microservices1 architecture along product journey logic 3 | People & Talent Skill profiles & recruiting experience similar to Tech companies Incorporating vendors in cross-functional delivery model 5 | Infrastructure & Cloud Cloud adoption to unlock efficiency through automation with multi-/hybrid set up Infrastructure and IT Ops centralization to achieve cost efficiency 4 | Data & (Gen)AI Value-backed use case roadmap aligned across organization Holistic data & (Gen)AI operating model enabling cross- functional delivery and (Gen)AI ready data architecture We are completely transforming our technology by 2030 with numerous key achievements in 2025 49
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Shareholder Information
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Delivering strong shareholder returns Consistent dividend growth and robust market performance Total return of NLBR and SBITOP (1Y performance, in %)Listings Ljubljana Stock Exchange Ordinary Shares NLBR London Stock Exchange GDRs(1) NLB Share Information (30 June 2026) EUR Number of Shares 20,000,000 Market Capitalization 4,500 million Earnings per Share (TTM) 24.0 Price to Earnings (TTM) 9.3 Book Value per Share 174.8 Dividend Yield 6.15%(2) Note: (1): Global Depositary Receipts (5 GDRs = 1 Ordinary Share). Note: (2) Based on 30.6.2026 closing share price and 2026 dividend guidance. Total return of NLBR, SBITOP and Eurostoxx Banks (3Y period, in %) 51 7.10 4.60 5.00 5.50 11.00 13.84 70% 2019 2020 34% 2021 42% 2022 25% 2023 40% 2024 50% 2025 55% 2026 12.86 Payout Ratio (%) Gross DPS (in EUR) Dividend Yield YE 11.2% 0.0% 6.0% 8.0% 6.4% 8.6% 7.0%(2) Dividend Policy 6.15%(2) -10 0 10 20 30 40 50 60 70 30. 06. 2025 31. 08. 2025 31. 10. 2025 31. 12. 2025 28. 02. 2026 30. 04. 2026 30. 06. 2026 NLB SBITOP -50 0 50 100 150 200 250 300 350 30. 06. 2023 31. 12. 2023 30. 06. 2024 31. 12. 2024 30. 06. 2025 31. 12. 2025 30. 06. 2026 NLB SBITOP EuroStoxx Banks
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52 Management board remuneration Management board goals aligned with long-term stability and shareholder interests Notes: Different weights for goals set for CRO (RTSR 20%, long-term sustainable goals 20%, COR 60%) Fixed remuneration • Reflects professional experience, responsibilities and duties • Based on benchmarking against comparable regional banks STI • 50% financial goals of NLB Group • 30% business goals for each MB member • 20% individual goals • max 9 salaries LTI • 50% relative total shareholder return • 50% long-term sustainable goals • max 3 salaries No of instruments as at 30/6/26 (from 2019 on) No of shares held as at 30/6/26 No of shares & share-like instruments as at 30/6/26 Blaž Brodnjak 9,522 1,939 11,461 Archibald Kremser 8,884 991 9,875 Andreas P. Burkhardt 8,347 1000 9,347 Andrej Lasič 4,807 560 5,367 Antonio Argir 4,967 1180 6,147 Hedvika Usenik 4,714 650 5,364 Reinhard Holl 690 403 1,093 52 Governance: The Supervisory Board defines Management Board targets to ensure long-term stability and sustainable growth. Shareholder Alignment: Metrics are strictly calibrated with long-term shareholder value creation. Structure: Variable compensation (STI & LTI) follows a 50/50 split between cash and equity-linked instruments. Equity Link: Instrument value is directly pegged to NLB d.d. share performance, ensuring management and investor interests are fully unified.
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Ancillary services
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NLB Lease&Go: Building a Leading Regional Leasing Platform 54 Table 1: Key financials of leasing activities within the NLB Group(i) Table 2: Pro forma look-through of key financial indicators on leasing activities in NLB Group(i) (i) Operating lease is presented on a net basis: non -interest income and related costs are netted by the amount of amortisation. (ii) Pro forma consolidation reflects the aggregated performance of leasing entities within the NLB Group, adjusted for intra -group exposures and funding synergies. Since its establishment in 2020, NLB Lease&Go Ljubljana has expanded across the region through new entities in North Macedonia and Serbia, the acquisition of Summit Leasing Slovenija in 2024, and re-entry into Croatia via Mobil Leasing. Following the merger in July 2025, NLB Lease&Go serves over 100,000 clients through ~1,500 dealer touchpoints, confirming its leading position in the Slovenian leasing and POS consumer credit market. Leasing operations extend beyond Slovenia through three leasing companies operating in Croatia, Serbia and North Macedonia, where the presence is gradually expanding. The pro forma consolidated profit after tax from leasing activities would be EUR 7.1 million; however, when including funding synergies, the contribution to the NLB Group result would amount to EUR 14.9 million. Building the leading regional leasing platform: strong operational performance and expanded market reach in EUR millions NLB Lease&Go, leasing, Ljubljana Mobil Leasing, Zagreb NLB Lease&Go Leasing Beograd NLB Lease&Go Skopje PRO FORMA(ii) Leasing Group on stand alone basis Income statement 1-6 2026 1-6 2026 Total net operating income 23.6 3.0 2.4 0.7 37.4 Total costs -12.2 -2.2 -1.6 -0.6 -16.6 Result after tax 5.6 1.0 0.5 0.0 14.9 Balance sheet 30 Jun 2026 30 Jun 2026 Total assets 1,452.0 217.8 184.4 50.1 1,719.0 Gross loans to customers 1,345.6 211.2 174.2 45.8 1,591.4 Key financial indicators 1-6 2026 ROE a.t. 14.7% Interest margin 4.24% CIR 44.4% Cost of risk net (bps) 64 PRO FORMA(ii) Leasing Group
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Asset management: Q2 2026 market leadership and AUM growth EUR 4.4 bn AUM EUR 151 million in mutual funds More than 105.000 Clients 43.3 % Market shareNet inflows 55 Leading regional asset manager backed by NLB Group, combining scale, local expertise, and disciplined investing to capture long-term growth in Southeast Europe. NLB Skladi NLB Fondovi, Skopje NLB Fondovi, Beograd # # # Consistent inflows and competitive performance driving AUM growth (NLB Funds, 30 June 2026) Market position in Slovenia • 20 UCITS funds • Individual discretionary portfolio management across multiple client mandates • Alternative investment fund launched in 2025 • Real estate investment company (RIC) established in 2026 Market position as of 30 June 2026 NLB Group's distribution powerhouse excelled NLB Funds to market leading position in Slovenia, other markets to follow Portfolio composition by asset type (NLB Funds, 30 June 2026) 34% 35% 36% 37% 38% 39% 40% 41% 42% 43% 44% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2021 2022 2023 2024 2025 06 2026 AUM Market Share AUM in EUR mio Market share 78% 21% 1% Equity Fixed income Cash and alternative
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Outlook & Strategy
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Outlook - delivering sustainable growth while investing for the future 57 KPI H1 2026 Delivery Outlook for 2026 Outlook for 2027 Recurring income EUR 656.6 million > EUR 1,300 million ~ EUR 1,500 million CIR 46.5% Below 48% Below 47% Cost of risk 32 bps 30 - 50 bps 30 - 50 bps Loan growth 5 % High single-digit High single-digit Dividends EUR 138.4 million (first tranche) 55% of the 2025 profit 50% - 60% of the 2026 profit ROTE a.t. (i) ROE a.t. normalised(ii) 14.5 % 19.1 % ~ 15% ~ 20% ~ 15% ~ 20% M&A potential M&A capacity of up to EUR 4 billion RWA(iii) (i) ROTE a.t. = annualised result a.t. (regulatory charges for NLB are not taken into annualisation), reduced for AT1 coupons, divided by the average equity, reduced for average intangible assets and average AT1 capital. (ii) ROE a.t. normalised = annualised result a.t. (regulatory charges for NLB are not taken into annualisation) reduced for AT1 coupons, divided by the average risk-adjusted capital. Average risk-adjusted capital is calculated as the CET1 strategic target of average RWA reduced by the CET1 minority shareholder capital contribution. (iii) Assisted with the combination of capital from issuing AT1 notes and a temporary reduction of the dividend payments. 57
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Retail Corporate & Investment Banking (CIB) Operating Model Expand leading position as #1 universal retail bank in SEE Double-down on mortgage, bankassurance and consumer finance Become #1 CIB franchise in SEE Be the innovation leader in transition finance and SME banking Push universal banking model into fully digital setup Adapt best-in-class technology, data and risk practices Continuously balance strength of group setup with local innovation and prudent risk managementAccelerate cash transition across SEE Deepen customer stickiness/loyalty >1>50 Recurring revenues in bn €Assets in bn € Profit in bn € >2 Our 2030 Strategy The leading bank in SEE, delivering against international best-practices across customer and operating model Payments 58
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59 Our Strategy 2030: This implies a step change in performance across key dimensions Notes: 1. UniCredit, OTP, RBI (Raiffeisen Bank International), Erste Group, Intesa, Addiko. 2. NPS and eNPS are calculated as weighted average. Impact ambition towards ... Strategic ambition Profitably scale across the SEE region Delivery excellent returns to our shareholders Safeguard NLB and the financial welfare of the broader economy Excite our customers and employees 2030 ~15%Tier 1 capital ratio >1xP/B Towards 60%Payout ratio > Banking peergroup1 RTSR Recurring revenues >EUR 2,000 million >50 Market leaderEmployee engagement (eNPS) >50 Market leaderNPS 30-50 bpsCost of Risk CET1 ratio >13% Low 40‘s %CIR >20%Normalized RoE RoTE >15% (1-2 pp. upside from strategic plays) Recurring profits >EUR 1,000 million EUR 1,282 million ~EUR 530 million 47.4% 15.2% 20.5% Towards 60% 1.1x 17.4% 15.4% 29 bps 21 (11-44)2 29 (-19-60)2 2025 55.1% 59
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Appendices Appendix 1: Business Performance Appendix 2: Segment Analysis Appendix 3: ESG Net-Zero Appendix 4: Financial Statements
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Business Performance Appendix 1:
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Strong performance and resilient growth Key performance indicators of NLB Group 62 Notes: (i) ROTE a.t. = annualised result a.t. (regulatory charges for NLB are not taken into annualisation), reduced for AT1 coupons, divided by the average equity, reduced for average intangible assets and average AT1 capital . (ii) ROE a.t. normalised = annualised result a.t. (regulatory charges for NLB are not taken into annualisation) reduced for AT1 coupons, divided by the average risk-adjusted capital. Average risk-adjusted capital is calculated as the CET1 strategic target of average RWA reduced by the CET1 minority shareholder capital contribution. (iii) Operational business net income annualized / average assets. (iv) Tax on the balance sheet excluded from the calculation. (v) Credit impairments and provisions (annualized level) / average net loans to customers. In H1 2026, the NLB Group achieved a profit after tax of EUR 252.4 million, down 8% YoY due to net established impairments and provisions for credit risk and a weaker contribution from non-recurring items. The previous year benefited from higher one-off gains from real estate sales and resolved legal cases, as well as positive foreign- exchange and derivative valuation effects. Strong growth of net fees and commissions almost entirely offset YoY deterioration in non- recurring net non-interest income. in EUR millions / % / bps 1-6 2026 1-6 2025 Change YoY Q2 2026 Q1 2026 Q2 2025 Change QoQ Key Income Statement Data Net operating income 653.7 635.0 3% 341.9 311.8 324.6 10% Net interest income 488.0 466.4 5% 247.3 240.6 232.5 3% Net non-interest income 165.7 168.6 -2% 94.5 71.2 92.1 33% Total costs -303.8 -296.3 -3% -155.9 -147.9 -152.5 -5% Tax on balance sheet -18.2 -16.3 -12% -9.2 -9.0 -8.2 -1% Result before impairments and provisions 331.7 322.4 3% 176.8 154.9 164.0 14% Impairments and provisions -32.4 2.5 - -18.7 -13.6 14.7 -37% Impairments and provisions for credit risk -32.0 5.8 - -19.1 -12.8 20.3 -49% Other impairments and provisions -0.4 -3.3 87% 0.4 -0.8 -5.6 - Result after tax 252.4 274.4 -8% 133.1 119.3 148.5 12% Key Financial Indicators ROE a.t. 13.0% 16.4% -3.4 pp ROTE a.t.(i) 14.5% 17.5% -3.0 pp ROE a.t. normalized(ii) 19.1% 23.4% -4.3 pp ROA a.t. 1.6% 1.9% -0.3 pp Net interest margin (on interest bearing assets) 3.21% 3.40% -0.19 pp Operational business margin(iii) 4.45% 4.66% -0.21 pp Cost to income ratio (CIR)(iv) 46.5% 46.7% -0.2 pp Cost of risk net (bps)(v) 32 -4 36
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Key performance indicators of NLB Group 63 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change YtD Change YoY Change QoQ Key Financial Position Statement Data Total assets 31,852.5 32,270.8 31,474.8 29,573.0 1% 8% -1% Gross loans to customers 20,060.8 19,717.6 19,093.4 17,834.5 5% 12% 2% Net loans to customers 19,654.0 19,317.0 18,705.5 17,481.5 5% 12% 2% Deposits from customers 25,075.9 24,835.3 24,509.9 22,837.8 2% 10% 1% Equity (without non-controlling interests) 3,895.1 3,883.7 3,781.6 3,386.2 3% 15% 0% Other Key Financial Indicators LTD 78.4% 77.8% 76.3% 76.5% 2.1 pp 1.8 pp 0.6 pp Common Equity Tier 1 Ratio 14.6% 14.8% 15.5% 15.1% -0.8 pp -0.5 pp -0.2 pp Tier 1 Ratio 16.5% 16.7% 17.4% 15.6% -0.9 pp 0.9 pp -0.2 pp Total capital ratio 19.3% 19.4% 20.1% 18.4% -0.8 pp 1.0 pp 0.0 pp Total risk exposure amount (RWA) 20,249.8 20,163.9 19,509.8 18,608.2 4% 9% 0% NPL volume 459.8 476.2 469.5 332.8 -2 % 38 % -3 % NPL coverage ratio 1 88.1% 84.2% 82.7% 106.4% 5.4 pp -18.3 pp 3.9 pp NPL coverage ratio 2 53.2% 50.4% 49.4% 61.8% 3.8 pp -8.6 pp 2.8 pp NPL ratio (internal def.) 2.0% 2.0% 2.0% 1.5% -0.1 pp 0.4 pp 0.0 pp Net NPL ratio (internal def.) 0.9% 1.0% 1.0% 0.6% -0.1 pp 0.3 pp -0.1 pp NPL ratio (EBA def.) 2.3% 2.4% 2.4% 1.8% -0.2 pp 0.4 pp -0.1 pp NPE ratio (EBA def.) 1.3% 1.4% 1.4% 1.0% 0.0 pp 0.3 pp 0.0 pp Employees Number of employees 8,064 8,064 8,107 8,268 -43 -204 0
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Expansion driven by issued securities hedging and customer-led derivative activity Off-balance sheet items 3,553.8 3,733.9 4,255.8 3,940.5 2,506.5 2,985.8 2,809.5 2,906.8 1,875.3 1,873.6 1,914.1 1,970.6 32.6 30 Jun 2025 48.4 31 Dec 2025 38.6 30 Jun 2026 7,968.2 8,641.7 8,856.59,025.2 45.9 31 Mar 2026 +11% +2% Guarantees Letters of credit Loan commitments Derivatives The majority of NLB Group derivatives are concluded by NLB either for hedging of the banking book or for trading with customers. Business with customers Customers primarily use plain vanilla FX and interest rate derivatives to hedge their business exposures. Hedging The increase in derivatives during H1 2026 mainly reflected additional interest rate hedging aimed at stabilising NII and reducing the impact of valuation changes in the FVOCI securities portfolio on regulatory capital. The increase was partly offset in Q2 2026 by the maturity of the interest rate swap hedging the senior preferred bond following its early redemption in June. NLB enters into interest rate swaps in accordance with fair value hedge accounting requirements. Micro and portfolio hedging strategies are applied to fixed-rate loan portfolios, the modelled core portion of sight deposits, issued bonds and debt securities held in the Bank’s investment portfolio. Breakdown and evolution of off-balance sheet exposures (in EUR million) 64
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Segment Analysis Appendix 2:
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NLB Group key business segments Strategic foreign markets Non-core membersFinancial markets in Slovenia Retail banking in Slovenia Corporate and investment banking in Slovenia NLB Komercijalna Banka, Beograd NLB Banka, Skopje NLB Banka, Banja Luka NLB Banka, Sarajevo NLB Banka, Prishtina NLB Banka, Podgorica NLB DigIT, Beograd NLB Lease&Go Skopje NLB Lease&Go Leasing Beograd Mobil Leasing, Zagreb NLB Fondovi, Skopje NLB Fondovi, Beograd Treasury activities Trading with financial instruments Asset and liabilities management (ALM) NLB Lease&Go, leasing, Ljubljana (5) (ALM) Retail Micro NLB Skladi Bankart(1) NLB Lease&Go, leasing, Ljubljana (retail clients) LHB NLB Srbija NLB Crna Gora NLB Real Estate, Podgorica Entities in liquidation Corporate & Investment banking: - Key corporates - SME corporates - Cross Border corporates - Investment banking and custody - Trade finance - Restructuring & workout NLB Lease&Go, leasing, Ljubljana (corporate clients) Notes: (1) 46% minority stake; (2) Other activities 2%. Other activities include categories, whose operating results cannot be allocated to specific segments (including newly established tax on the balance sheet), as well as the NLB MUZA, Real Estate entities from 2024 (the latter were previously in the non-core segment), NLB Car&Go, Ljubljana, and newly established company NLB Skladi – Nepremičnine; (3) Tax on the balance sheet excluded from the NLB Group calculation. 66 66 • Largest retail banking group in Slovenia by loans and deposits • #1 in private banking and asset management • Focused on upgrading customer digital experience and satisfaction • Strong digital sales of daily banking product available E2E in NLB Klik, top solution on the marketIntroduction of Individual Investment Account • Introduction of Individual Investment Account • Leading SEE franchise with six subsidiary banks, two leasing companies, one IT service company and two investment fund companies • The only international banking group with exclusive focus on the SEE region • Assets booked by non-core subsidiaries funded via NLB • Controlled wind-down of remaining assets, including collection of claims, liquidation of subsidiaries and sale of assets • Maintaining stable funding base • Management of well diversified liquidity reserves • Managing interest rate positions with responsive pricing policy • Systemic and key player in corporate banking with focus on advisory and long-term strategic partnerships • Market leader in Investment Banking and Custody services • Regional know-how and experience in Corporate Finance and #1 lead organiser for syndicated loans in Slo • In Trade finance, it maintains a leading position and supports all major infrastructure projects in Slovenia and the region • Market leader at FX and interest rate hedges Pre-provision result Result b.t. Total assets(2) % of total assets Cost of risk (bp) 140.4 47.6 19.9 -2.5 128.3 26.8 19.8 -0.2 5,634.7 4,299.9 6,672.7 19.8 18% 13% 21% 0% 42.4% 44.1% / / 52 93 / / 151.3 150.9 14,711.5 46% 50.3% 1 (Jun 2026 in EUR millions) CIR(3) Total assets (2)
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Retail banking in Slovenia 67 67 (i) Net interest income from assets and liabilities using Fund Transfer Pricing (FTP). (ii) Net interest margin and Interest rates only for NLB. The segment’s net interest margin is calculated as the ratio between annualised net interest income (i) and the sum of average interest-bearing assets and liabilities divided by 2. • Market shares staying stable. • Further YtD increase of the loan portfolio. • High new loan production of housing loans. • Increase in net fees and commissions, driven by asset management and bancassurance. • Continued growth in digital sales through NLB Klik, supported by rising digital penetration. • Enhanced digital customer experience across key products. • NLB Klik, with more than half a million digital users, remains the leading mobile banking provider in the market. • The digital ecosystem was further expanded by introducing investment, trading, and travel insurance services within NLB Klik. • Establishment of the real estate company NLB Skladi ‒ Nepremičnine. 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change QoQ Net loans to customers 5,488.7 5,370.4 5,232.2 4,952.7 256.5 5% 536.0 11% 2% Gross loans to customers 5,595.1 5,472.6 5,331.4 5,054.2 263.7 5% 540.9 11% 2% Housing loans 3,233.2 3,119.2 3,015.4 2,842.2 217.8 7% 391.0 14% 4% Interest rate on housing loans (ii) 2.99% 2.70% 2.84% 2.96% 0.29 pp Consumer loans 1,115.4 1,092.0 1,065.0 1,025.7 50.4 5% 89.6 9% 2% Interest rate on consumer loans (ii) 7.12% 8.00% 8.17% 8.24% -0.88 pp NLB Lease&Go, leasing, Ljubljana 864.2 857.2 848.9 798.3 15.3 2% 65.9 8% 1 % Other 382.3 404.2 402.1 388.0 -19.8 -5% -5.6 -1% -5% Deposits from customers 11,007.8 10,704.4 10,710.1 10,264.2 297.7 3% 743.6 7% 3% Interest rate on deposits (ii) 0.26% 0.27% 0.33% 0.37% -0.01 pp Non-performing loans (gross) 112.0 109.7 105.9 102.0 6.1 6% 10.0 10% 2% 1-6 2026 1-6 2025 Change YoY Cost of risk (in bps) 52 72 -20 CIR 42.4% 45.1% -2.7 pp Net interest margin(ii) 4.01% 4.33% -0.32 pp -0.07 pp -0.11 pp Change YtD Change YoY 0.15 pp 0.03 pp -1.05 pp -1.12 pp 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Change QoQ Net interest income 172.8 169.4 3.4 2% 87.8 85.0 84.5 3% Net interest income from Assets(i) 64.0 65.2 -1.2 -2% 30.7 33.3 33.6 -8% o/w allocation of regulatory costs -3.2 -4.5 1.4 30% -1.6 -1.6 -2.3 -2% Net interest income from Liabilities(i) 108.8 104.2 4.6 4% 57.1 51.7 50.9 11% Net non-interest income 70.9 60.7 10.2 17% 44.5 26.4 34.2 68% o/w Net fee and commission income 81.6 72.9 8.7 12% 42.2 39.4 36.0 7% Total net operating income 243.7 230.1 13.6 6% 132.3 111.4 118.7 19% Total costs -103.3 -103.8 0.6 1% -54.6 -48.7 -55.0 -12% Result before impairments and provisions 140.4 126.3 14.1 11% 77.7 62.7 63.7 24% Impairments and provisions -13.3 -17.2 3.9 22% -9.6 -3.7 -5.0 -162% Share of profit from investments in associates and joint ventures 1.2 1.4 -0.2 -15% 0.7 0.5 0.9 46% Result before tax 128.3 110.5 17.8 16% 68.8 59.5 59.6 16% Change YoY in EUR millions consolidated
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Retail banking in Slovenia High and stable market shares across products Market share of net loans to individuals (1) Market share of deposits from individuals NLB Private banking Source: Bank of Slovenia (retail loans and deposits), Company information, Slovenian Fund Management Association Note: (1) Company information (2) Share of tokenised transactions in the total number of card transactions 68 • The strong pace of new loan production continued in Q1 with over EUR 355 million or 12.8% YoY increase. • Retail market share in lending increased YoY, as well in deposit taking. • #1 player in Private Banking(1) • Keeping leading position with over EUR 3 billion of assets under management and over 3,000 clients. • Strong performance of digital sales in NLB Klik underscores digital transformation. • Cash transition driven by increasing adoption of Group mobile wallet solution NLB Pay and use of tokenised payments. Tokenised transactions(2) 32.0% 30.5% 30 Jun 2025 32.4% 30.0% 31 Dec 2025 33.1% 29.9% 30 Jun 2026 Housing loans Consumer loans 36.9% 8.4% 20.7% 30 Jun 2025 37.4% 8.0% 23.2% 31 Dec 2025 37.4% 10.4% 18.9% 30 Jun 2026 Sight deposits Short-term deposits Long-term deposits 1,711 2,224 2,923 2,519 3,351 2,347 2,756 3,306 3,011 3,695 31 Dec 2023 31 Dec 2024 31 Dec 2025 H1 2025 H1 2026 AuM (million EUR) # of Clients 2.9% 2023 11.9% 2024 22.2% 2025 28.9% H1 2026 % tokenised transactions
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Corporate and investment banking in Slovenia 69 69 • The Bank cooperates with more than 9.900 corporate clients, providing comprehensive and tailored financial solutions that support clients and the broader economy. • The corporate loan portfolio continued to grow in Q2 2026. Compared to year-end 2025, gross corporate loans increased by 4%, or EUR 175 million. • Net interest income increased by 8% YoY, supported by higher loan volumes despite lower interest rates. Deposit volumes also contributed positively to interest income from liabilities. • As a systemically important banking group in Southeastern Europe, the Bank supports corporate clients in integrating ESG considerations into their financing structures and business decisions. • The Bank engages with corporate clients across key sectors to address ESG-related risks and align with regulatory and market developments, while structuring financing solutions that support sustainable and resilient business models and contribute to maintaining a high-quality corporate portfolio. (i) Net interest income from assets and liabilities using FTP. (ii) Net interest margin and Interest rates only for NLB. The segment’s net interest margin is calculated as the ratio between annualised net interest income (i) and the sum of average interest-bearing assets and liabilities divided by 2. 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change QoQ Net loans to customers 4,238.3 4,282.8 4,081.1 3,931.6 157.3 4% 306.8 8% -1% Gross loans to customers 4,348.6 4,378.1 4,172.8 3,998.4 175.8 4% 350.2 9% -1% Corporate 4,069.2 4,105.3 3,894.7 3,749.2 174.5 4% 320.1 9% -1% Key/SME/Cross Border Corporates 3,539.3 3,572.1 3,360.8 3,283.9 178.5 5% 255.4 8% -1% Interest rate on Key/SME/Cross Border Corporates loans (ii) 3.80% 3.76% 3.97% 4.19% 0.04 pp Restructuring and Workout 235.6 249.9 250.7 168.8 -15.0 -6% 66.8 40% -6% NLB Lease&Go, leasing, Ljubljana 294.3 283.3 283.3 296.5 11.0 4 % -2.2 -1 % 4% State 278.2 271.4 277.0 248.4 1.2 0% 29.8 12% 3% Interest rate on State loans (ii) 3.46% 3.43% 3.68% 3.95% 0.03 pp Deposits from customers 2,479.5 2,797.9 2,665.6 2,412.8 -186.1 -7% 66.7 3% -11% Interest rate on deposits (ii) 0.21% 0.22% 0.29% 0.33% -0.01 pp Non-performing loans (gross) 207.2 216.2 215.3 76.6 -8.1 -4% 130.6 170% -4% 1-6 2026 1-6 2025 Change YoY Cost of risk (in bps) 93 -33 126 CIR 44.1% 44.9% -0.8 pp Net interest margin(ii) 3.65% 3.80% -0.14 pp -0.17 pp -0.39 pp -0.22 pp -0.49 pp -0.08 pp -0.12 pp Change YtD Change YoY 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Change QoQ Net interest income 60.6 56.3 4.4 8% 30.9 29.7 27.7 4% Net interest income from Assets(i) 34.1 30.1 4.0 13% 17.2 17.0 15.0 1% o/w allocation of regulatory costs -4.0 -5.7 1.7 29% -2.0 -2.0 -2.9 0% Net interest income from Liabilities(i) 26.5 26.2 0.4 1% 13.7 12.8 12.7 8% Net non-interest income 24.5 27.5 -3.0 -11% 12.1 12.4 14.8 -2% o/w Net fee and commission income 21.2 20.0 1.1 6% 10.6 10.6 9.9 0% Total net operating income 85.1 83.8 1.3 2% 43.0 42.1 42.5 2% Total costs -37.5 -37.6 0.1 0% -17.9 -19.7 -20.0 9% Result before impairments and provisions 47.6 46.2 1.4 3% 25.2 22.4 22.6 12% Impairments and provisions -20.8 6.4 -27.2 - -17.7 -3.0 5.3 - Result before tax 26.8 52.6 -25.8 -49% 7.4 19.4 27.9 -62% Change YoY in EUR millions consolidated
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Corporate and investment Banking in Slovenia High market shares across products Market share of Corporate Banking – evolution and position on the market 70 70 • Trade finance maintained a leading position in the region, serving client needs across traditional products, such as guarantees and letters of credit, as well as receivables and payables financing through all types of factoring. • Performance remained strong, supported by a high market share, solid profitability, and stable growth in documentary business volumes and revenues, alongside a particularly strong increase in factoring transactions. • The Bank continued to enhance its digital trade finance offering, including digital factoring solutions and an advanced front-end solution for guarantees. • Cross-border financing remains stable, with a focus on green and sustainable projects in the home region, while also supporting key sectors such as telecommunications, energy, and real estate. • The Bank remains among the leading Slovenian players in custodian services for both Slovenian and international clients. • Brokerage services executed client buy-and-sell orders totalling EUR 867.6 million in H1 2026, while the Brokerage Department launched the Individual Investment Account (INR) service in accordance with Slovenian legislation (ZINR). • The Bank remained active in financial advisory, including M&A, bond issuances, and capital market transactions. It acted as joint lead manager and distributor for the Republic of Slovenia retail bond issuance in the nominal amount of EUR 210 million, provided investment services related to the admission of Vzajemna’s shares to the Ljubljana Stock Exchange and arranged syndicated facilities with new transactions amounting to EUR 547 million in H1 2026. 32.3% 23.7% 30 Jun 2025 32.4% 24.9% 31 Dec 2025 32.1% 23.7% 30 Jun 2026 Loans to customers Deposits from customers
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Financial markets in Slovenia 71 71 Key highlights: • Significant increase in net interest income, driven by active balance sheet management and favourable reinvestment conditions. • Further diversification of the banking book securities portfolio with an increased share of ESG- labelled debt securities driven by market opportunities and sustainability considerations. (i) Net interest income from assets and liabilities using FTP. (ii) Interest rates only for NLB. 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change QoQ Balances w ith Central banks 1,079.8 1,914.5 2,002.1 2,117.8 -922.2 -46% -1,038.0 -49% -44% Banking book securities 5,503.6 5,349.5 5,227.2 4,890.7 276.5 5% 613.0 13% 3% Interest rate (ii) 2.68% 2.62% 2.43% 2.35% 0.06 pp Borrow ings 130.1 162.6 47.7 228.0 82.4 173% -97.9 -43% -20% Interest rate (ii) 1.42% 1.39% 1.38% 1.43% 0.03 pp Subordinated liabilities (Tier 2) 542.2 529.7 545.6 551.2 -3.3 -1% -9.0 -2% 2% Interest rate (ii) 8.48% 8.36% 8.49% 8.35% 0.12 pp Other debt securities in issue 1,006.6 1,542.4 1,553.6 1,526.7 -547.1 -35% -520.2 -34% -35% Interest rate (ii) 5.25% 5.18% 5.14% 5.17% 0.07 pp Change YtD Change YoY 0.11 pp 0.08 pp -0.01 pp 0.13 pp 0.25 pp 0.33 pp 0.04 pp -0.01 pp 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Change QoQ Net interest income 25.2 9.3 15.8 170% 12.8 12.3 4.5 4% Net interest income w /o ALM(i) 22.5 15.0 7.5 50% 12.1 10.4 7.8 16% ALM 2.7 -5.7 8.3 - 0.7 1.9 -3.2 -61% o/w allocation of regulatory costs 18.3 19.7 -1.4 -7% 9.2 9.0 10.0 2% Net non-interest income 0.7 4.7 -4.0 -85% 0.7 0.0 4.0 - Total net operating income 25.8 14.0 11.9 85% 13.5 12.3 8.6 10% Total costs -5.9 -7.4 1.5 20% -2.6 -3.3 -4.0 21% Result before impairments and provisions 19.9 6.6 13.3 - 10.9 9.0 4.6 21% Impairments and provisions -0.1 1.5 -1.6 - 0.3 -0.4 0.0 - Result before tax 19.8 8.1 11.7 145% 11.2 8.6 4.6 30% Change YoY in EUR millions consolidated
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Liquid assets evolution (EURm) Financial markets in Slovenia Well diversified banking book by geography (30 June 2026) Maturity profile of banking book securities (30 June 2026, EURm) % total Note: Numbers refer to NLB d.d.; (1) Incl. trading and banking book securities (book value); (2) Loans booked under segment Corporate Banking Slovenia. 72 6% 54%16%23% Assets managed under Financial Markets Segment EUR 5,451 bn 182 182 215 217 199 3,422 4,136 1,758 2,004 1,158 221 26 62 175 78 2,935 2,928 4,458 5,175 5,455 741 678 388 364 397 7,501 7,951 6,881 7,935 7,287 Dec-22 Dec-23 Dec-24 Dec-25 Jun-26 Cash in vault Central banks reserves and sight deposits at banks Term deposits with banks Financial investments ECB eligible claims (2)(1) Average duration 4.92 years 27% 15% 13% 11% 10% 5% 5% 4% 4% 4% 2% Netherlands France Other Slovenia Germany Luxembourg Austria Belgium Finland Spain Slovakia 224 113 327 1,027 760 2,464 347 2026 23 2027-2028 19 2029-2030 37 436 2031+ 1,275 893 2,936 International SEE Slovenia 72 Well positioned and funded division • Strong liquidity buffer provides solid base for future core growth consisting of liquid assets which are not encumbered for operational or regulatory purposes. • Banking book securities portfolio is well diversified in terms of asset class and geography to minimize concentration risk and is invested predominantly in high quality issuers on prudent tenors. • Liquidity ratios (as of 30 Jun 2026): LCR 201.9% (NLB d.d.) and 170.4% (NLB Group); NSFR 142.3% (NLB d.d.) and 155.3% (NLB Group). 20
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Strategic foreign markets 73 73 Key highlights • In Q1 2026, the NLB Group’s countries of operation continued to demonstrate resilient growth, albeit at a more moderate pace. • All subsidiary banks are robustly profitable and earning Cost of Capital (CoC), with NLB Komercijalna Banka, Beograd contributing 53% to the segment’s pre-tax profit. • The market shares by total assets of banking members exceed 10% in five out of six markets. • All Group banking members experienced a YoY double-digit growth in loans to individuals and delivered good Q1 2026 results. • In Q1 2026, deposits recorded solid growth of 2% YtD. The overall confidence among banking members remained strong, and the total customer deposit base increased by 15% YoY. • The Strategic Foreign Markets segment recorded an interest income increase of 6% YoY, with the highest absolute impact in an interest income increase in NLB Banka, Prishtina – a rise of 15% YoY. In Q1 2026, the net interest income was also affected by the allocation of corresponding MREL and T2 regulatory costs of EUR 5.3 million. 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change QoQ Net loans to customers 9,911.2 9,644.4 9,358.9 8,576.1 552.3 6% 1,335.1 16% 3% Gross loans to customers 10,086.0 9,832.4 9,540.9 8,745.4 545.1 6% 1,340.7 15% 3% Individuals 5,197.5 5,032.1 4,875.5 4,484.3 322.0 7% 713.2 16% 3% Interest rate on retail loans 5.92% 5.95% 6.21% 6.35% -0.03 pp Corporate 4,376.6 4,296.3 4,172.4 3,950.0 204.2 5% 426.5 11% 2% Interest rate on corporate loans 5.04% 5.02% 5.17% 5.31% 0.02 pp State 512.0 504.0 493.1 311.1 18.9 4% 200.9 65% 2% Interest rate on state loans 6.31% 6.32% 6.81% 6.98% -0.01 pp Deposits from customers 11,581.9 11,332.6 11,104.5 10,151.3 477.4 4% 1,430.6 14% 2% Interest rate on deposits 1.01% 0.98% 0.77% 0.73% 0.03 pp Non-performing loans (gross) 122.3 128.5 126.5 130.6 -4.2 -3% -8.3 -6% -5% 1-6 2026 1-6 2025 Change YoY Cost of risk (in bps) 1 -33 34 CIR 50.3% 46.1% 4.2 pp Net interest margin 3.49% 3.99% -0.50 pp Change YtD -0.29 pp -0.68 pp Change YoY -0.43 pp -0.12 pp -0.27 pp 0.24 pp 0.29 pp -0.50 pp 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Change QoQ Net interest income 229.6 231.8 -2.2 -1% 116.0 113.6 116.0 2% Interest income 305.7 282.4 23.2 8% 156.2 149.5 141.8 5% o/w allocation of regulatory costs -10.7 -9.0 -1.6 -18% -5.4 -5.3 -4.6 -1% Interest expense -76.1 -50.6 -25.4 -50% -40.2 -35.8 -25.8 -12% Net non-interest income 75.1 81.1 -6.0 -7% 38.5 36.6 41.8 5% o/w Net fee and commission income 74.5 69.4 5.1 7% 38.5 36.0 35.9 7% Total net operating income 304.7 312.9 -8.2 -3% 154.5 150.2 157.8 3% Total costs -153.4 -144.4 -9.0 -6% -79.0 -74.3 -74.4 -6% Result before impairments and provisions 151.3 168.5 -17.2 -10% 75.5 75.9 83.4 -1% Impairments and provisions -0.4 13.4 -13.8 - 5.4 -5.8 16.4 - Result before tax 150.9 181.9 -31.0 -17% 80.9 70.0 99.9 15% o/w Result of minority shareholders 7.5 8.1 -0.6 -7% 4.4 3.1 4.8 41% Change YoY in EUR millions consolidated
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Non-core members 74 74 The non-core segment remains focused on portfolio wind-down, aligned with the divestment strategy. The wind-down has remained the core objective of the non-core segment across all non-core portfolios. The divestment process has been running with thoughtful cost management and well-established collection procedures. On 31 March 2026, the segment’s total assets amounted to EUR 18.0 million. 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Change QoQ Net interest income 0.4 0.3 0.1 21% 0.2 0.2 0.2 -15% Net non-interest income 0.6 0.4 0.3 77% 0.6 0.0 0.3 - Total net operating income 1.0 0.7 0.3 49% 0.8 0.2 0.4 - Total costs -3.5 -2.9 -0.6 -19% -2.0 -1.4 -1.7 -42% Result before impairments and provisions -2.5 -2.2 -0.2 -10% -1.2 -1.2 -1.2 0% Impairments and provisions 2.2 1.6 0.7 42% 2.0 0.3 1.2 - Result before tax -0.2 -0.7 0.4 65% 0.7 -1.0 0.0 - Change YoY in EUR millions consolidated 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Segment assets 19.8 18.0 18.4 20.3 1.4 8% -0.5 -3% Net loans to customers 4.1 7.5 7.6 8.2 -3.4 -45% -4.1 -49% Gross loans to customers 18.3 21.8 21.8 23.6 -3.5 -16% -5.3 -22% Investment property and property & equipment received for repayment of loans 6.8 6.9 6.9 5.2 0.0 0% 1.7 33% Other assets 8.8 3.6 3.9 7.0 4.9 124% 1.8 26% Non-performing loans (gross) 18.3 21.8 21.8 23.5 -3.5 -16% -5.2 -22% Change YtD Change YoY
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Net Zero Portfolio Strategy Appendix 3:
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76 1st bank headquartered in SEE to commit to Net-Zero targets Climate commitment supporting transition to net zero economy by 2050 General objectives • Align the lending and investment portfolio with achieving net-zero emissions by 2050 or sooner. • Ensure a positive impact by financing sustainable transition. • Identify and mitigate climate-related and other ESG risks in relation to our lending or investments. • Ensure responsible asset management. Net zero • Joined NZBA in May 2022. • Published 1st round of targets in December 2023. • Published 2nd round of targets in July 2025, expanding the Net Zero Portfolio sectoral coverage exposure to 51%. 76 Sector Details GHG Baseline Performance GHG 2030 Targets Target Coverage Scope(s) included Scenario used Unit of measurement Baseline Year Baseline FY 2024 FY 2025 YoY Change 2030 Target Relative to baseline Power Generation 1 and 2 IEA NZE tCO2eq/Mwh 2021 0.232 0.188 0.169 -10% 0.165 -29% NLB Group Iron & Steel 1 and 2 IEA NZE tCO2eq/t 2021 0.6 0.827 0.880 6% 1.07 / NLB Group Road Freight Corporates 1 NECP OU gCO2eq/tkm 2023 54.5 Set in Round 2, subject to future monitoring 49.5 -9% NLB Group Leasing Passenger Cars 1 NECP DU gCO2eq/km 2023 150.8 130 -14% NLB Lease&Go, Ljubljana Commercial Real Estate(i) 1 and 2 IEA NZE, SBTi kgCO2/m² 2023 77.6 69.7 69.7 0% / NLB, Ljubljana Residential Real Estate(i) 1 and 2 IEA NZE, SBTi kgCO2/m² 2023 37.1 37.8 36.8 -3% / NLB, Ljubljana (i) NLB is actively reporting on its efforts within its Commercial and Residential Real Estate portfolio in Slovenia, supporting clients in improving the energy performance of their properties through targeted financing solutions while actively monitoring portfolio progress rather than setting decarbonisation targets.
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77 NLB Group established clear metrics and targets to support its strategic ambition of contributing to the real - economy transition through its financing activities and internal operations. Financing commitments Financing Commitments Across Sectors Segment Description Target 2030 Target Coverage FY 2024 4 Target Commitment to Finance Energy- Efficient Commercial buildings Share of financing of new production in most energy efficient commercial buildings (<50kg CO2/m2) 30% NLB, Ljubljana 85% 283% Commitment to Finance Energy- Efficient Mortgages Share of financing of new production in top-rated mortgages (A & B EPC class) 20%* NLB, Ljubljana 27% 135% 12% NLB KB, Beograd Targets set in FY 2025 10% NLB Banka, Banja Luka 5% NLB Banka, Sarajevo 6% NLB Banka, Skopje Target Share of Low-Carbon Vehicles in Leasing Portfolio Share of BEV/PHEV vehicles in Leasing passenger vehicle fleet by 2030 12% NLB Lease&Go, Ljubljana Commitment to Finance Sustainable Agriculture Financing for farmers and upstream agricultural corporates in Slovenia and Serbia, aligned with the NLB Sustainable Agriculture Framework. EUR 75 m NLB Group Note: Unaudited, quantitative data on Sustainability/ESG activities are currently disclosed on YoY basis • NLB Group has committed EUR 1.9 billion in transition financing by 2030, split between Retail Banking and Corporate & Investment Banking, focusing on renewable energy, sustainable infrastructure, and energy efficiency. • NLB has committed to financing 30% of new production in energy- efficient commercial buildings (<50 kg CO₂/m²) in Slovenia. • The Group has committed EUR 75 million to finance farmers and upstream agricultural corporates in Slovenia and Serbia, supported by a Sustainable Agriculture Framework currently under development. 77 Segment Description Target 2030 Target Coverage 2025 2025 Relative to Target Corporate and Investment Banking Green Transition Financing Financing for renewable energy, green buildings, clean transport, energy-efficient technologies, and sustainable water and pollution prevention projects that support the low-carbon transition. 1,370,000 NLB Group 953,815 70% Retail Banking Green Transition Financing Financing for solar power plants, energy-efficient buildings (EPC A & B), energy renovations and equipment, and zero-emission electric vehicles to support the low-carbon transition. 528,000 NLB Group 591,587 112% Total Green Transition Financing 1,900,000 NLB Group 1,545,402 81% Commitment to Finance Energy- Efficient Commercial buildings Share of financing of new production in most energy efficient commercial buildings (<50kg CO2/m²) 30% NLB 24% 82% Commitment to Finance Energy- Efficient Mortgages Share of financing of new production in top-rated mortgages (A & B EPC class) 20% NLB 42% 210% 12% NLB KB Beograd Targets set in FY 2025, subject to future monitoring 10% NLB Banka, Banja Luka 5% NLB Banka Sarajevo 6% NLB Banka, Skopje Target Share of Low-Carbon Vehicles in Leasing Portfolio Share of BEV/PHEV vehicles in Leasing passenger vehicle fleet by 2030 12% NLB Lease&Go, Ljubljana Commitment to Finance Sustainable Agriculture Financing for farmers and upstream agricultural corporates in Slovenia and Serbia, aligned with the NLB Sustainable Agriculture Framework. 75,000 NLB Group
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Financial Statements Appendix 4:
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NLB Group Income statement 79 Net interest income 488.0 466.4 21.5 5% 247.3 240.6 232.5 6.7 3% Net fee and commission income 178.8 163.1 15.7 10% 92.2 86.6 82.7 5.6 6% Dividend income 0.1 0.1 0.0 -7% 0.1 0.0 0.1 0.0 186% Net income from financial transactions 10.1 20.9 -10.8 -51% 7.5 2.6 13.4 4.9 191% Net other income -23.3 -15.5 -7.8 -51% -5.3 -18.0 -4.1 12.8 71% Net non-interest income 165.7 168.6 -2.8 -2% 94.5 71.2 92.1 23.4 33% Total net operating income 653.7 635.0 18.7 3% 341.9 311.8 324.6 30.1 10% Employee costs -175.6 -171.4 -4.2 -2% -88.1 -87.5 -88.9 -0.5 -1% Other general and administrative expenses -98.8 -93.9 -4.9 -5% -53.2 -45.6 -47.7 -7.6 -17% Depreciation and amortisation -29.4 -31.0 1.6 5% -14.6 -14.7 -15.9 0.1 1% Total costs -303.8 -296.3 -7.5 -3% -155.9 -147.9 -152.5 -8.1 -5% Tax on balance sheet -18.2 -16.3 -1.9 -12% -9.2 -9.0 -8.2 -0.1 -1% Result before impairments and provisions 331.7 322.4 9.3 3% 176.8 154.9 164.0 21.9 14% Impairments and provisions for credit risk -32.0 5.8 -37.7 - -19.1 -12.8 20.3 -6.3 -49% Other impairments and provisions -0.4 -3.3 2.9 87% 0.4 -0.8 -5.6 1.2 - Impairments and provisions -32.4 2.5 -34.9 - -18.7 -13.6 14.7 -5.1 -37% Share of profit from investments in associates and joint ventures 1.2 1.4 -0.2 -15% 0.7 0.5 0.9 0.2 46% Result before tax 300.5 326.3 -25.8 -8% 158.8 141.8 179.5 17.0 12% Income tax -40.6 -43.9 3.2 7% -21.3 -19.3 -26.2 -2.0 -10% Result of non-controlling interests 7.5 8.1 -0.6 -7% 4.4 3.1 4.8 1.3 41% Result after tax 252.4 274.4 -22.0 -8% 133.1 119.3 148.5 13.8 12% Change QoQ in EUR millions 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025Change YoY
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NLB Group Statement of financial position 80 ASSETS #REF! Cash, cash balances at central banks, and other demand deposits at banks 3.550.6 4.287.3 4.371.8 4.215.2 -821.2 -19% -664.7 -16% -736.8 -17% Loans to banks 447.1 591.9 404.5 351.3 42.5 11% 95.8 27% -144.8 -24% Net loans to customers 19.654.0 19.317.0 18.705.5 17.481.5 948.5 5% 2.172.5 12% 337.0 2% Gross loans to customers 20.060.8 19.717.6 19.093.4 17.834.5 967.3 5% 2.226.3 12% 343.2 2% - Corporate 8.684.2 8.641.1 8.318.3 7.914.7 365.9 4% 769.5 10% 43.1 0% - Individuals 10.573.3 10.288.1 9.992.4 9.347.6 580.8 6% 1.225.7 13% 285.2 3% - State 803.3 788.4 782.7 572.2 20.6 3% 231.1 40% 14.9 2% Impairments and valuation of loans to customers -406.8 -400.6 -388.0 -353.0 -18.8 -5% -53.8 -15% -6.2 -2% Financial assets 7.272.9 7.061.3 7.087.8 6.666.3 185.1 3% 606.6 9% 211.6 3% - Trading book 8.9 13.0 6.5 8.3 2.3 36% 0.6 7% -4.2 -32% - Non-trading book 7.264.0 7.048.3 7.081.3 6.658.0 182.7 3% 606.0 9% 215.7 3% Investments in subsidiaries, associates, and joint ventures 14.4 14.6 14.1 14.0 0.2 2% 0.3 2% -0.3 -2% Property and equipment 336.0 328.6 331.3 312.6 4.8 1% 23.4 7% 7.4 2% Investment property 24.2 24.3 24.4 22.3 -0.2 -1% 1.9 9% -0.1 0% Intangible assets 119.3 116.2 115.9 100.2 3.4 3% 19.1 19% 3.0 3% Other assets 434.2 529.6 419.6 409.5 14.6 3% 24.6 6% -95.4 -18% TOTAL ASSETS 31.852.5 32.270.8 31.474.8 29.573.0 377.7 1% 2.279.5 8% -418.3 -1% LIABILITIES Deposits from customers 25.075.9 24.835.3 24.509.9 22.837.8 566.0 2% 2.238.0 10% 240.5 1% - Corporate 7.017.1 7.159.7 7.107.3 6.292.3 -90.2 -1% 724.8 12% -142.6 -2% - Individuals 17.550.6 17.061.7 16.951.2 16.124.9 599.4 4% 1.425.7 9% 488.9 3% - State 508.2 613.9 451.4 420.6 56.8 13% 87.5 21% -105.8 -17% Deposits from banks and central banks 100.0 82.8 98.8 178.8 1.2 1% -78.8 -44% 17.2 21% Borrow ings 489.1 496.8 280.0 431.2 209.1 75% 57.9 13% -7.7 -2% Subordinated debt securities 542.2 529.7 545.6 551.2 -3.3 -1% -9.0 -2% 12.6 2% Other debt securities in issue 1.006.6 1.542.4 1.553.6 1.526.7 -547.1 -35% -520.2 -34% -535.9 -35% Other liabilities 666.0 818.7 626.6 589.5 39.4 6% 76.5 13% -152.6 -19% Equity 3.895.1 3.883.7 3.781.6 3.386.2 113.5 3% 508.9 15% 11.4 0% Non-controlling interests 77.7 81.4 78.8 71.6 -1.1 -1% 6.0 8% -3.8 -5% TOTAL LIABILITIES AND EQUITY 31.852.5 32.270.8 31.474.8 29.573.0 377.7 1% 2.279.5 8% -418.3 -1% in EUR millions 30 Jun 2026 31 Dec 2025 30 Jun 2025 Change YtD Change YoY31 Mar 2026 Change QoQ
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NLB d.d. Income Statement 81 1-6 2026 1-6 2025 Q2 2026 Q1 2026 Q2 2025 Net interest income 227.1 205.6 21.5 10% 115.7 111.4 101.8 4.3 4% Net fee and commission income 83.8 76.9 6.9 9% 43.1 40.7 38.5 2.4 6% Dividend income 249.8 210.5 39.2 19% 238.9 10.8 192.7 228.1 - Net income from financial transactions 1.3 5.8 -4.5 -78% 1.9 -0.6 4.3 2.6 - Net other income -10.0 -7.0 -3.0 -44% 2.2 -12.2 1.9 14.5 - Net non-interest income 324.9 286.3 38.6 13% 286.2 38.7 237.5 247.6 - Total net operating income 552.0 491.9 60.1 12% 401.9 150.1 339.2 251.9 168% Employee costs -85.5 -86.4 0.9 1% -42.9 -42.6 -45.6 -0.3 -1% Other general and administrative expenses -50.2 -48.1 -2.1 -4% -27.1 -23.1 -23.6 -4.0 -17% Depreciation and amortisation -11.2 -12.7 1.4 11% -5.6 -5.7 -6.4 0.1 2% Total costs -147.0 -147.2 0.2 0% -75.6 -71.4 -75.7 -4.2 -6% Tax on balance sheet -18.2 -16.3 -1.9 0% -9.2 -9.0 -8.2 -0.1 0% Result before impairments and provisions 386.8 328.5 58.3 18% 317.2 69.6 255.4 247.5 - Impairments and provisions for credit risk -26.5 -6.5 -20.0 - -21.2 -5.3 1.2 -15.9 - Other impairments and provisions -1.0 -4.2 3.1 76% 0.0 -1.0 -4.2 1.0 - Impairments and provisions -27.5 -10.7 -16.8 -158% -21.2 -6.3 -3.0 -14.9 - Result before tax 359.3 317.8 41.5 13% 296.0 63.3 252.4 232.6 - Income tax -22.1 -21.8 -0.2 -1% -15.7 -6.4 -18.0 -9.3 -146% Result after tax 337.2 296.0 41.2 14% 280.3 57.0 234.4 223.3 - Change YoY Change QoQ in EUR millions
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NLB d.d. Statement of financial position 82 ASSETS #REF! Cash, cash balances at central banks, and other demand deposits at banks 1.356.9 2.220.6 2.220.6 2.299.3 -863.7 -39% -942.4 -41% -863.7 -39% Loans to banks 319.9 322.2 322.2 311.7 -2.3 -1% 8.2 3% -2.3 -1% Net loans to customers 10.043.2 9.554.6 9.554.6 9.080.0 488.6 5% 963.1 11% 488.6 5% Gross loans to customers 10.247.3 9.740.2 9.740.2 9.242.9 507.1 5% 1.004.4 11% 507.1 5% - Corporate 5.338.9 5.075.0 5.075.0 4.832.0 263.9 5% 506.8 10% 263.9 5% - Individuals 4.617.3 4.375.8 4.375.8 4.149.7 241.5 6% 467.6 11% 241.5 6% - State 291.1 289.5 289.5 261.2 1.7 1% 30.0 11% 1.7 1% Impairments and valuation of loans to customers 204.1 185.7 185.7 162.9 18.5 10% 41.3 25% 18.5 10% Financial assets 5.548.3 5.265.8 5.265.8 4.929.8 282.5 5% 618.5 13% 282.5 5% - Trading book 8.8 6.3 6.3 9.6 2.5 39% -0.9 -9% 2.5 39% - Non-trading book 5.539.5 5.259.5 5.259.5 4.920.2 280.0 5% 619.4 13% 280.0 5% Investments in subsidiaries, associates, and joint ventures 1.280.3 1.267.1 1.267.1 1.217.0 13.2 1% 63.3 5% 13.2 1% Property and equipment 107.8 103.5 103.5 96.7 4.3 4% 11.1 12% 4.3 4% Investment property 5.3 5.3 5.3 5.2 -0.1 -1% 0.0 1% -0.1 -1% Intangible assets 49.0 46.6 46.6 42.8 2.4 5% 6.2 15% 2.4 5% Other assets 399.4 275.2 275.2 394.8 124.2 45% 4.6 1% 124.2 45% TOTAL ASSETS 19.110.0 19.061.0 19.061.0 18.377.3 49.0 0% 732.7 4% 49.0 0% LIABILITIES Deposits from customers 13.538.5 13.449.9 13.449.9 12.727.1 88.7 1% 811.4 6% 88.7 1% - Corporate 3.367.9 3.650.7 3.650.7 3.260.9 -282.8 -8% 107.0 3% -282.8 -8% - Individuals 10.038.3 9.708.3 9.708.3 9.347.9 330.0 3% 690.4 7% 330.0 3% - State 132.3 90.8 90.8 118.3 41.5 46% 14.0 12% 41.5 46% Deposits from banks and central banks 312.3 151.7 151.7 342.1 160.6 106% -29.8 -9% 160.6 106% Borrow ings 130.2 48.0 48.0 228.2 82.2 171% -98.0 -43% 82.2 171% Subordinated debt securities 542.2 545.6 545.6 551.2 -3.3 -1% -9.0 -2% -3.3 -1% Other debt securities in issue 1.006.6 1.553.6 1.553.6 1.526.7 -547.1 -35% -520.2 -34% -547.1 -35% Other liabilities 378.2 309.1 309.1 296.6 69.2 22% 81.6 28% 69.2 22% Equity 3.201.9 3.003.1 3.003.1 2.705.2 198.8 7% 496.7 18% 198.8 7% TOTAL LIABILITIES AND EQUITY 19.110.0 19.061.0 19.061.0 18.377.3 49.0 0% 732.7 4% 49.0 0% 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Jun 2025 Change YtD Change YoY Change QoQ in EUR millions