NLB Banka Skopje in cooperation with Generali Investments AD Skopje introduces a new product – sale of units from investment funds

(Skopje, Ljubljana 9.12.2021) Generali Investments AS Skopje in cooperation with NLB Banka Skopje, enriches bank's offer of financial products. By cooperating, the bank will strengthen its offer with new modern financial products - funds of one of the most eminent and oldest asset management companies in South-East Europe. With the introduction of the new product, NLB Banka completes the concept of a “one-stop shop”, i.e. financial supermarket that offers comprehensive financial advice and a rich offer of financial products and services to its clients.


Today the cooperation between the two companies was marked with a donation for the young mathematics genius Damjan Davkov from Štip to whom the Council of the Municipality of Štip recently awarded the highest municipal distinction, the 8th of November award. The President of the Management Board of NLB Banka Skopje, Antonio Argir, President of the Management Board of Generali Investments, Luka Podlogar and Chief Executive Officer of Generali Investments AD Skopje, Laze Kamchev, presented Damjan with a voucher worth 3,000 euros, funds that will be invested in units in “Generali Top Brands”, in order to achieve additional income that he will be able to use in the future for his education and training.

“NLB Banka continuously introduces new and innovative products, at the same time enabling sophisticated and advanced consulting and optimal management of clients’ funds through products that correspond to their current needs and ensure future financial stability. Trading in units of investment funds is one of the fastest growing financial activities in our country, and additionally, after stabilising the situation arising from the pandemic and consequently, the domestic and world economy, even greater and faster growth of this industry is expected in the future. With this product NLB Banka Skopje completes its offer of non-banking financial products and thus equals the services offered by Western European banks by enabling wide opportunities for clients, comprehensive financial advice and access to a range of instruments that can meet even the most complex needs of clients and achieving their financial goals,” said Antonio Argir, President of the Management Board of NLB Banka Skopje, who congratulated Damjan and his family and expressed confidence that the units of the investment fund will bring Damjan a return that will provide him with a decent education in the future.

The President of the Board of Generali Investments, Luka Podlogar welcomed the cooperation between the two companies and on this occasion said: “We nurture the cooperation with NLB Banka Skopje and recognise the Bank as an important business partner. We strongly believe in synergy and I am convinced that this is just the beginning for further joint local and international growth and expansion of our product portfolio. I would say we are the best at what we do.”

“First of all, I would like to thank NLB Banka Skopje for the cooperation, the vision of the management for the future of the financial products and the comprehensive approach to the needs of the clients. Together with NLB Banka Skopje we are building a strong partnership and we are confident that this cooperation will provide a special approach and range of products that will benefit existing and future clients. I am convinced that our products, now available in all branches of NLB Banka Skopje, add value to the Bank’s offer because investment funds are becoming an increasingly important savings and investment product,” stated Laze Kamchev, Chief Executive Officer of General Investments AD Skopje.

Some of the products that are subject to this cooperation are: sale of units in equity funds with one-time payment, sale of units in equity funds with programmed payment, and sale of units in cash funds – intended for legal entities, as well as sale of units in investment deposit.

Both companies, Generali Investments AS Skopje and NLB Banka Skopje, are subsidiaries of two big and eminent Slovenian companies, the first one of Generali Investments, one of the largest and the oldest asset management companies in South-East Europe and the oldest asset management company in Slovenia; the second one of NLB Group.


Established in 2008, Generali Investments AD Skopje manages seven investment funds with EUR 37 million of assets of approximately 3.000 investors under management. Generali Investments AD Skopje is owned by Generali Investments Slovenia, and is part of the Generali Group.


Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Commitment to sustainability is one of the enablers of Generali’s strategy, inspired by the ambition to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries being one of the top three insurers in the Region.

Generali Investments has EUR 563 billion in assets under management globally, and EUR 25 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.