Business News

Probanka Posts EUR 30.2m January-September Loss

Maribor, 30 November (STA) - Probanka reported on Friday a EUR 30.2m net loss for the first nine months of the year. The small Maribor-based private bank, which had a EUR 1.7m net profit in the same period last year, attributes the loss to impairments and provisions.

Without the impairments and provisions, totaling EUR 36.7m or four times more than in the first nine months last year, Probanka's gross profit was EUR 4.8m, which is a 53.3% decrease year-on-year.

The total assets of the bank, which is led since October by Bogomir Kos, decreased by 6.8% to EUR 1.077bn, while its market share in Slovenia was 2.3%.

Given the negative economic forecast, Probanka does not exclude further impairments and provisions and expects things to stabilise only next year. The bank plans to continue with actives aimed at capital consolidation.

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