Business News

Banks Post EUR 113.8m Profit in First Seven Months

Ljubljana, 26 September (STA) - Banks operating in Slovenia posted a total of EUR 113.8m in profit after taxes in the first seven months of the year, which compares to a EUR 263.6m net loss in the same period last year. This is mostly owing to total net impairments and provisions being more than halved to EUR 250.2m.

Net revenues from interest amounted to EUR 490.9m, which is 10.3% more than in the January-July period last year.

Non-interest revenues were also up, by 21.4% to EUR 277m, while operating costs were down by 4.5% to EUR 393.2m, according to a report released by the Slovenian central bank on Friday.

The bank's total assets were up in July by 1.8% on the monthly level to stand at EUR 40.03bn, but were nevertheless lower than at the beginning of the year (EUR 40.34bn).

The amount of loans to the non-banking sector was down by 0.8% compared to June and by 21.2% compared to July 2013, standing at EUR 23.14m. Loans to companies were down by 31.1% and to households by 3.3% year-on-year.

Total deposits in Slovenian banks amounted to EUR 33.92bn at the end of July, which is 3.1% more than a month before, but 8.3% less year-on-year.

The share of claims due for more than 90 days was down by 0.6 percentage points to 14.7% on the monthly level, but was up by 1.3 percentage points compared to last December.

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