February 26 (SeeNews) - Macedonia's Stopanska banka Skopje [MSE:STB] said on Monday its net profit decreased to 2.04 billion denars ($40.9 million/33.2 million euro) in 2017 from 2.24 billion denars the year before.
Net impairment losses of financial assets grew to 932.1 million denars in 2017 from 491.0 million denars a year earlier, Stopanska banka said in a bourse filing.
The lender’s net interest income edged up to 3.68 billion denars last year from 3.64 billion denars in 2016.
Net fee and commission income rose to 981.8 million denars in the review period from 951.6 million denars in 2016.
Personnel expenses increased to 801.1 million denars last year from 795.3 million denars in 2016, while other operating expenses edged down to 1.03 billion denars from 1.04 billion denars.
(1 euro = 61.48 denars)
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