February 1 (SeeNews) - North Macedonia's TTK Banka [MSE:TTK] said that its net profit rose to 60.9 million denars ($1.1 million/986,200 euro) in 2022, from 44.6 million denars the year before.
The bank decreased its net financial impairment costs - to 66.1 million denars in 2022, compared with 102.8 million denars a year earlier, it said in an annual financial statement on Monday.
Net interest income fell to 249.1 million denars on the year from 257.5 million denars, while net fee and commission income grew to 199.1 million denars from 194.1 million denars the year before.
The bank's assets decreased to 8.7 billion denars at the end of 2022 from 9.2 billion denars at the end of 2021.
Loans and advances to customers other than banks fell to 4.8 billion denars at the end of 2022, from 4.9 billion denars at the end of 2021, while deposits from customers other than banks decreased to 7.1 billion denars from 7.7 billion denars.
The lender's shares last traded on the Macedonian Stock Exchange (MSE) on January 31, at an average price of 1,370 denars.
(1 euro = 61.71 denars)