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Bosnia's NLB Banka Banja Luka posts lower net profit in H1

Bosnia's NLB Banka Banja Luka posts lower net profit in H1 Author: Radomir Ralev

SARAJEVO (Bosnia and Herzegovina), August 3 (SeeNews) - NLB Banka Banja Luka [BANJ:VBBB-R-A], a Bosnian subsidiary of Slovenia's Nova Ljubljanska Banka (NLB), said on Wednesday its net profit fell 15.5% on the year in the first half of 2022, to 18 million marka ($9.4 million/9.2 million euro).

Net interest income came in at 21.1 million marka in the January-June period, up from 19.4 million marka in the like period a year earlier, the lender, based in Bosnia's Serb Republic entity, said in a bourse filing.

Net fee and commission income increased to 12.5 million marka in the first half of the year, compared with 10.9 million marka in the first six months of 2021.

The lender increased its administrative and other expenses to 16.2 million marka in the first half of 2022 from 14.5 million marka in the like period of last year.

The assets of NLB Banka Banja Luka totalled 1.86 billion marka at the end of June, up compared with 1.80 billion marka at the end of 2021.

The bank's shares last traded on the Banja Luka Stock Exchange (BLSE) on December 9, when they closed 42.86% higher at 3,000 marka.

The Slovenian banking group has another subsidiary in Bosnia - NLB Banka based in Sarajevo, in the Federation entity.

The Federation and the Serb Republic are two autonomous entities that form Bosnia and Herzegovina.

(1 euro = 1.95583 marka)

 
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