Financials

Report by Creative Portfolios

This innovative bank is evolving into a south-eastern European powerhouse, commanding a potent market share in the six countries where it is active. A FV of 8%, a PBV of 0.65x, an Earnings Yield of 25.9%, a Dividend Yield of 1.8% and a Total Return Ratio of 3.9x catch the eye for a value investor. NLB commands strong fundamental momentum and value-quality attributes, plus a technical tailwind, and is one of Paul Hollingworth’s preferred financial entities in Europe.

Financials

Report by Creative Portfolios

NLB is evolving into a south-eastern European powerhouse, commanding a market share in excess of 10% in five of the six main countries where it is active (all markets with high entry barriers). A FV of 7%, a PBV of 0.59, an Earnings Yield of 28.6%, a Dividend Yield of 8.9%, and a Total Return Ratio of 4.4x should catch the eye for a value investor. NLB also boasts an impressive PH Score™ of 9 out of 10 (captures fundamental momentum, valuation, and technical indicators).