March 1 (SeeNews) - North Macedonia's Centralna Kooperativna Banka [MSE:CKB] said that it booked a net profit of 17 million denars ($333,000/276,000 euro) in 2020, up 73% compared with 2019.
Net interest income ticked up 0.5% to 280 million denars, while net fee and commission income rose 16% on the year to 87.6 million denars in 2020, the bank said in an annual financial statement last week.
Net impairment losses of financial assets fell to 20 million denars in 2020, from 27.7 million denars a year earlier. Net impairments of non-financial assets turned to negative 27,000 denars from positive 1.7 million denars.
The bank's assets were flattish at 10.57 billion denars at the end of 2020, compared with the end of 2019.
Loans and advances to customers other than banks grew to 7.2 billion denars at the end of December from 6.78 billion denars at the end of 2019, while deposits from customers other than banks were flat at 8.9 billion denars.
(1 euro = 61.54 denars)