1st Half Profit Just €1m at Unicredit Banka Slovenija

By , 06 Aug 2020, 13:07 PM Business

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STA, 6 August 2020 - The Slovenian subsidiary of the Italian banking group Unicredit saw its consolidated profit plunge to EUR 1 million in the first half of 2020 compared to EUR 16 million in the same period last year.

Pre-tax profit for Unicredit Banka Slovenija and its leasing arm Unicredit Leasing in the first half was meanwhile down by 94.8%, from EUR 20 million to EUR 1 million, shows a report released on Thursday.

Net operating profit decreased 83.6% to EUR 4 million, and operating profit was down from 19 million to 11 million (-41.9%).

While operating revenue was down almost 22% to EUR 33 million, operating costs were down only 5.1% to EUR 21 million, with payroll costs decreasing by 4% to EUR 12 million.

Net interest revenue was up slightly to EUR 23 million, but net fees and commissions were down by 15.3% to EUR 11 million.

The bank saw a 2.2% drop in customers loans in the first half of the year to EUR 1.9 billion, while deposits by customers were up by 3.7% to EUR 2.08 billion.

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