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Bosnia's NLB Banka Sarajevo net profit plunges in H1

Bosnia's NLB Banka Sarajevo net profit plunges in H1 NLB Banka Beograd headquarters in Belgrade Source:

SARAJEVO (Bosnia and Herzegovina), August 1 (SeeNews) - Bosnia's NLB Banka Sarajevo, owned by Slovenia's Nova Ljubljanska Banka (NLB), said on Monday that its net profit dropped to 5.7 million marka ($3 million/2.9 million euro) in the first half of 2022 from 18.1 million marka in the same period a year earlier.

Net interest income rose 3.4% year-on-year to 16.9 million marka in January-June, while net fee and commission income increased 22.1% to 12.3 million marka, the bank said in a filing with the Sarajevo Stock Exchange.

The bank's total assets rose to 2.7 billion marka at the end of June, from 2.5 billion marka at the end of 2021.

The bank's shares last traded on the Sarajevo bourse on March 9, when they closed 50% higher at 585 marka.

NLB Banka is based in Sarajevo, in Bosnia's Federation entity.

Bosnia and Herzegovina is made up of two autonomous entities - the Federation and the Serb Republic. NLB has another subsidiary in Bosnia, NLB Razvojna Banka, which is based in the Serb Republic.

(1 euro = 1.95583 marka)

NLB Banka d.d. Sarajevo is among the biggest banks in SEE, for more reference take a look at Top 100 banks