Annual Report

Overview

The report describes a challenging 2011 for the NLB Group, which recorded a loss of EUR 239.2 million amid the deteriorating credit portfolio and increased impairments. The group continued restructuring and cost-control efforts, and reported 7,448 employees in NLB and its subsidiaries. NLB began implementing its Social and Environmental Policy across group companies and introduced environmental considerations into purchasing and internal rules. It also reported efforts to reduce paper, water, and electricity use.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2011
Period: 1 January 2011 – 31 December 2011
Publication date: 10 April 2012
Language: English
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