May 21 (SeeNews) - North Macedonia's Centralna Kooperativna Banka [MSE:CKB] said that its net loss widened to 16.9 million denars ($307,000/275,000 euro) in the first quarter of 2019 from 1.4 million denars in the same period of last year.
This was mainly a result of an increase in net financial assets impairments, which grew to 21.2 million denars in the first three months of the year from 5.8 million denars in the comparable period of 2018, according to figures from Centralna Kooperativna Banka's interim financial statement, published last week.
The lender's net interest income rose to 68.7 million denars in the January-March period of the year from 65.8 million denars a year earlier, while net fee and commission income edged up to 17.3 million denars from 17.2 million denars the year before.
Personnel expenses increased to 38.9 million denars in the review period from 37.6 million denars in the prior-year period.
Other operating expenses expanded to 38.1 million denars from 35.4 million denars.
Centralna Kooperativna Banka's total assets amounted to 9.57 billion denars at the end of March, up from 9.21 billion denars a year ago.
Loans and advances to customers other than banks rose to 6.46 billion denars at the end of March from 6.33 billion denars a year earlier, while deposits from customers other than banks increased to 7.87 billion denars from 7.77 billion denars.
The Skopje-based bank is majority owned by Bulgaria's Central Cooperative Bank [BUL:4CF].
(1 euro = 61.52 denars)