February 27 (SeeNews) - North Macedonian lender Stopanska Banka Bitola [MSE:SBT] said on Wednesday that its net profit fell to 34.4 million denars ($637,000/559,000 euro) in 2018 from 43 million denars in 2017.
The bank's financial asset impairments nearly tripled to 84.8 million denars in 2018 from 30.6 million denars the year before, figures from the company's unaudited financial report showed.
Non-financial asset impairments rose to 12.4 million denars last year from 2.9 million denars in 2017.
Personnel expenses edged down to 179.5 million denars in 2018 from 180.5 million denars a year earlier, while other operating expenses fell to 158.7 million denars from 184.1 million denars.
The lender's net interest income grew to 347.6 million denars from 316 million denars in 2017, while net fee and commission income rose to 110.8 million denars from 98.8 million denars.
Other operating income amounted to 35.9 million denars, down from 45.7 million denars in 2017.
(1 euro = 61.49 denars)