Business News

NKBM Group Posts EUR 11.5M Net Profit in Nine Months

Ljubljana, 23 November (STA) - The supervisory board of Slovenia's second largest bank, NKBM, discussed on Monday the bank's nine-month results, according to which the NKBM group finished the period with a net profit of EUR 11.5m or EUR 0.34 per share.

In the January-September period, the group's total assets increased by 6.1% and at the end of September stood at EUR 5.83bn.

At the group level, the bank posted EUR 16.2m in operating profit, and increased the profit before impairment and provisions by 25% compared to the same period last year to EUR 72.8m.

The profit from trade in securities in the first nine months of 2009 stood at EUR 3m, while the group's loss from this activity in the same period last year was EUR 16.7m.

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