Moody’s upgrades NLB’s ratings

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Rating agency Moody's has upgraded Nova Ljubljanska Banka d.d. (NLB) by one notch, raising its long-term issuer credit ratings to A2/P-1 from A3/P-2 and its long-term senior unsecured ratings to A3 from Baa1. This upgrade reflects NLB's consistently strong financial performance, robust profitability, and resilient asset risk metrics, driven by diversified revenue streams and market leadership in Slovenia and Southeastern Europe. Moody's also noted the bank's proficient risk management, sound asset quality with low problem loan levels, and ample reserve coverage. The upgrade is expected to enhance NLB's funding flexibility and support its commitment to delivering stakeholder value.

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Nova Ljubljanska Banka d.d.

03 March 2026

Nova Ljubljanska Banka d.d.

March 3, 2026

Moody's upgrades NLB's ratings

Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the Market in Financial Instruments Act, relating to the Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana announces:

Rating agency Moody's raised NLB's long-term issuer credit ratings by one notch to A2/P-1 from A3/P-2 and its long-term senior unsecured ratings to A3 from Baa1.

Moody's cited NLB's consistently strong financial performance, supported by robust profitability and resilient asset risk metrics, as the key driver for the upgrade of the Baseline Credit Assessment (BCA). Over the past years, NLB has achieved sustainable profitability by diversifying its revenue streams and reinforcing market leadership in Slovenia, while maintaining a solid footprint in Southeastern Europe (SEE). The bank demonstrates proficient risk management capabilities in navigating the higher volatility and risk profile of the SEE markets, as reflected in its sound asset quality with low problem loan levels and ample reserve coverage across both domestic and regional operations, noted the agency.

"We value the upgrade of our ratings. This recognition reflects the strength of our balance sheet, disciplined risk management and consistent execution of our strategy, in particular the deliberate build-up of our hybrid, subordinated and senior capital market instruments. The upgrade further strengthens our funding flexibility and supports our commitment to delivering sustainable value to our stakeholders." commented Archibald Kremser, CFO.

This announcement will be available on the company's website (www.nlbgroup.com) as of 3.3.2026.

Investor Relations
NLB d.d., Ljubljana

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