May 18 (SeeNews) - North Macedonia's Ohridska Banka [MSE:OHB] said its net profit decreased to 80.2 million denars ($1.4 million/1.3 million euro) in the first quarter of 2020, compared with 150.7 million denars in the like period of 2019.
Ohridska Banka's net interest income totalled 365.3 million denars in January-March, down 5% year-on-year, the lender said in an interim financial statement last week.
Net fee and commission income fell 3.8% on the year to 78.5 million denars in the review period.
Net foreign exchange gains decreased by 21.6% to 31.3 million denars in the first three months of 2020, while other operating income plunged 94% year-on-year to nearly 3 million denars.
The lender's financial asset impairments decreased to 79 million denars in the period under review from 115 million denars the year before, while depreciation and amortisation costs were flattish at 22.4 million denars.
Ohridska Banka's assets dropped to 41.3 billion denars at the end of March from 42.3 billion denars at the end of 2019.
Loans and advances to customers other than banks rose to 28.91 billion denars at the end of March from 28.87 billion denars three months earlier, while deposits from customers other than banks decreased to 29.5 billion denars from 29.9 billion denars.
Last year, Steiermarkische Bank und Sparkassen acquired a 91.5733% stake in Ohridska Banka in a buyout bid, including the 74.53% stake previously held by Societe Generale. The buyout offer was priced at 6,298.79 denars per share.
(1 euro = 61.62 denars)