The banking sector in Slovenia continues to demonstrate robust performance, benefiting from favourable overall economic conditions and effective management strategies. The net profit of commercial banks in Slovenia rose to 1.1 billion euros last year, which is a 119% increase from the 2022 figure. The positive trends continue this year with a 30 percent annual increase in net interest income, and a 37% increase in profit before impairments and provisions. 

The sector continues to consolidate. After the successful take-over of the second largest bank NKBM, Hungarian group OTP merged its Slovenian operations under its corporate brand. The largest bank NLB also integrated N Banka, acquired last year – thus remaining the largest bank in Slovenia. Two more of NLB’s major acquisitions: NLB took over Summit Leasing, the largest leasing company in Slovenia with operations also in the Western Balkans. By acquiring Serbian Komercialna banka, NLB also strengthened its position as one of the major players in the region. Earlier this year NLB tried to take over Austrian Addiko Bank with a network of subsidiaries in the Western Balkans. 

Slovenian insurance companies also remain the strongest in the region: the combined market share of the four largest Slovenian insurance companies in the Adriatic region exceeds 37 percent. The strongest player remains Zavarovalnica Triglav with 41 percent of Slovenian market: last year Triglav recorded the highest growth of total premiums in the last 15 years.