50% Rise in Net Profit at NKBM Bank for 2018

By , 25 Mar 2019, 11:44 AM Business
50% Rise in Net Profit at NKBM Bank for 2018 www.nkbm.si

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STA, 22 March 2017 – NKBM (Nova Kreditna Banka Maribor), Slovenia's second largest bank, posted a group net profit of EUR 72.5m for 2018, a year-on-year increase of 50%, shows the audited annual report released on Friday.

 

The bank recorded a substantial increase in net interest revenue, which was up 32% to EUR 109.6m, whereas non-interest revenue declined marginally to EUR 59.3m.

NKBM also booked substantial revenue, EUR 16.5m, from the cancellation of write-downs and provisions, an indication of an improving credit portfolio.

The share of non-performing loans declined by over four percentage points at group level, the bank said in a press release.

The bank remains well capitalised, with the common equity tier 1 capital ratio, a key benchmark of capital adequacy, remaining roughly level at 20.13%.

Total assets rose marginally to just under EUR 5bn.

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