Business News

Banka Koper Reports EUR 12M in Half-Year Profit

Koper, 02 September (STA) - Banka Koper, the Slovenian subsidiary of the Italian banking group Intesa Sanpaolo, made a net profit of EUR 12.1m in the first half of the year, up 1% on the same period last year.

The bank increased operating revenues by 3% to EUR 46.9m, while decreasing operating costs by 1% in the period, according to a press release from Banka Koper.

Households' deposits grew by 3.5% year-on-year in the first half of the year, while gross loans to households rose by 11.5% and loans to companies increased by 1.1%.

Since December 2008, Banka Koper has been 97.2% owned by Intesa Sanpaolo. The Italian bank reported EUR 1.7bn in consolidated net revenues in the first half of the year, which is up 6.4% on the first half of 2009.

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