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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