You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Macedonia's Komercijalna Banka turns to 9-mo non-cons loss

Macedonia's Komercijalna Banka turns to 9-mo non-cons loss

SKOPJE (Macedonia), October 30 (SeeNews) - Macedonia's Komercijalna Banka [MSE:KMB] said on Wednesday it turned to an unconsolidated net loss of 293 million denars ($6.6 million/4.8 million euro) in the first nine month of 2013 from a net profit of 266.3 million denars a year earlier.

Net interest income edged up to 2.16 billion denars through September from 2.12 billion denars a year ago, while net fee and commission income fell to 664.1 million denars from 682.8 6 million denars, Komercijalna Banka said in its income statement filed with the Macedonian Stock Exchange.

Skopje-based Komercijalna Banka (www.kb.com.mk) is the largest Macedonian bank in terms of assets. It is a component of the bourse's blue-chip MBI-10 index.

(1 euro = 61.5025 Macedonian denars)

Compare