November 1 (SeeNews) - North Macedonia's TTK Banka [MSE:TTK] said that its net profit rose to 45.6 million denars ($733,769/738,517 euro) in the first nine months of 2022, from 38 million denars in the like period of last year.
The bank almost halved its net financial impairment losses in the period under review - to 42.6 million denars, compared with 81.5 million denars a year earlier, it said in an interim financial statement on Monday.
Net interest income fell to 182.4 million denars from 193.6 million denars, while net fee and commission income rose to 147.3 million denars from 143.3 million denars.
The bank's assets fell to 8.7 billion denars at the end of September from 9.2 billion denars at the end of 2021.
Loans and advances to customers other than banks decreased to 4.8 billion denars at the end of September from 4.9 billion denars at the end of last year, while deposits from customers other than banks fell to 7.2 billion denars from 7.7 billion denars.
(1 euro = 61.70 denars)