BELGRADE (Serbia), October 10 (SeeNews) – The Serbian unit of Austrian-based Addiko Bank said it recorded a net profit of 1 billion dinars ($9.7 million/8.4 million euro) in the first half of 2018, down 9.9% on the year.
Addiko Bank Srbija's net interest income amounted to 1.5 billion dinars, the same as in the first half of 2017, while net fee and commission income grew 8.6% to 579.2 million dinars, according to the lender's interim financial statement posted on its corporate website.
The loan portfolio of Addiko Bank Srbija amounted to 67 billion dinars, while deposits totalled 65.9 billion dinars at the end of June.
Following are details on Addiko Bank Srbija's performance (in billions of dinars):
|
H1'18 |
H1'17 |
Loans |
67.029 |
64.468 |
Deposits |
65.860 |
67.302 |
Net fee and commission income |
0.579 |
0.533 |
Net interest income |
1.532 |
1.532 |
Net profit |
1.004 |
1.114 |
Addiko Bank was spun off Austria's Hypo Alpe-Adria-Bank International AG in 2014, when the Austrian government decided to split the lender into a Balkans banking unit, an Italian business and a bad bank, Heta Asset Resolution. In December 2014, US global private equity firm Advent International acquired 80% of Addiko Bank, while the remainder was purchased by the European Bank for Reconstruction and Development (EBRD).
(1 euro = 118.359 dinars)
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