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N. Macedonia's Stopanska Banka Bitola swings to net loss in H1

N. Macedonia's Stopanska Banka Bitola swings to net loss in H1 Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SKOPJE (N. Macedonia), August 1 (SeeNews) - North Macedonia's Stopanska Banka Bitola [MSE:SBT] said that it booked a net loss of 41.6 million denars ($690,389/674,532 euro) in the first half of 2022, after recording a 401.8 million denars net profit in the same period a year earlier.

Net interest income rose 1.5% on the year to 147.9 million denars, while net fee and commission income decreased 4.3% to 69.9 million denars in the January-June period, the bank said in a financial statement filed with the Skopje bourse last week.

The bank’s total assets decreased to 11.1 million denars at the end of June from 12 million denars at the end of 2021.

Loans and advances to customers other than banks rose to 7.05 million denars at the end of June, from 6.94 million denars at the end of 2021, while deposits from such customers fell to 8.9 million denars from 9.7 million denars.

Stopanska Banka Bitola's shares last traded on the Skopje bourse on July 20 at an average price of 2,720 denars, the latest available bourse data showed.

(1 euro = 61.68 denars)

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