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Bosnian bank Pavlovic to post profit in 2014

Dec 29, 2014, 4:51:33 PMArticle by Valentina Dimitrievska
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BANJA LUKA (Bosnia and Herzegovina), December 29 (SeeNews) – Bosnia’s Pavlovic International Bank [BANJ:PIBB-R-D] said on Monday it will close 2014 with a profit of some 1.4 million marka ($873,000/715,000 euro).

Bosnian bank Pavlovic to post profit in 2014

It did not specify if the figures refer to net or pre-tax profit.

The bank’s total assets at the end of 2014 are seen at 216 million marka, Pavlovic International Bank said in a statement published on its website.

In 2013 the bank's net profit rose to 634,000 marka from 371,000 marka a year earlier. Its assets totalled 254 million marka in December 2013.

Pavlovic International Bank is based in Bijeljina in the Serb Republic, one of the two entities that make up Bosnia. The other is the Muslim-Croat Federation.

(1 euro=1.95583 Bosnian marka)

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