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Unicredit Slovenia subsidiary posts slightly higher H1 profit

Ljubljana, 07 August (STA) - The Slovenian subsidiary of the Italian banking group Unicredit posted EUR 16 million in consolidated profit in the first half of the year, a marginal increase of 0.3% on the same period a year ago, shows the annual report released by the parent bank.

Unicredit Banka Slovenija and Unicredit Leasing saw their operating profit increase by almost 6% to EUR 19 million in the same period. Operating revenue rose by 7.2% to EUR 42 million and net interest revenue was up 1.3% to EUR 23 million.

The bank formed EUR 5 million in net write-downs on loans, a decline of 7.4% compared with the first half of 2018.

Unicredit Group reported a net profit of EUR 2.16 billion for the first half of the year, up 1% year-on-year.

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