Business News

Central Bank Ends 2009 with EUR 103.6M Profit

Ljubljana, 20 April (STA) - Slovenia's central bank posted a profit of EUR 103.6m for 2009 compared to a loss of EUR 29.7m the year before. EUR 25.9m will be transferred to the state budget according to the law and the rest allocated for reserves, Banka Slovenije said Tuesday.

Interest revenue of EUR 116.8m accounted for the bulk of the central bank's revenue, but the figure is marginally lower than in 2008.

Income from the sale of securities and currencies rose to EUR 62.8m from EUR 2.8m the year before, as securities prices rose to pre-crisis levels.

Provisions amounted to EUR 64.9m, up from EUR 7.2m the year before.

Operating expenses remained virtually level at EUR 29.7m.

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