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N. Macedonia's Stopanska Banka Bitola expects 55.69% drop in 2018 net profit

Author Mario Tanev
N. Macedonia's Stopanska Banka Bitola expects 55.69% drop in 2018 net profit cozyta/Shutterstock.com

SKOPJE (North Macedonia), July 3 (SeeNews) - North Macedonia's Stopanska Banka Bitola [MSE:SBT] said that it expects its net profit to fall by an annual 55.69% to 15.5 million denars ($286,000/253,000 euro) in 2019.

Stopanska Banka Bitola sees a 9.32% decrease in its net interest income to 315.2 million denars in 2019, the lender said in a bourse filing.

Net fee and commission income is expected to lose 7.12% to 102.9 million denars this year.

Stopanska Banka Bitola expects its assets to increase 9.08% to 11.29 billion denars at the end of 2019.

(1 euro = 61.22 denars)

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