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Macedonia’s Investbanka 9-Mo Prelim Net Profit Down 78% Y/Y - Table

Nov 10, 2008, 3:36:26 PMArticle by Valentina Dimitrievska
share
November 10 (SeeNews) - Macedonian commercial bank Investbanka AD said on Monday its preliminary nine-month net profit dropped 78% on the year to 55.1 million denars ($1.15 million /895,500 euro).

Macedonia’s Investbanka 9-Mo Prelim Net Profit Down 78% Y/Y - Table

Following are details from Investbanka's income statement sent to the Macedonian Stock Exchange (MSE) where it is listed (in millions of denars):

Jan-Sept'08 Jan-Sept'07
Total Income 283.6 202.4
Expenditures 204.9 140.0
Net Interest Income 169.5 130.4
Operating profit 78.7 62.4
Net profit 55.1 251.1

The bank's shares were quoted unchanged at 9,000 denars on Monday at 1300 GMT.

Austria’s Steiermarkische Bank und Sparkassen acquired nearly 96% of Investbanka in September for a total of 38.5 million euro ($49.7 millon).

Total 18 banks operate in the country of two million people.

(1 euro = 61.5289 Macedonian denars)

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