September 19 (SeeNews) - Opportunity Bank Serbia said it swung to a net profit of 293.8 million dinars ($2.8 million/2.5 million euro) in the first half of 2019 from a 2.9 million dinars loss in the like period of the previous year.
Opportunity Bank Serbia's net interest income increased to 1.09 billion dinars from 217.3 million dinars, while net fee and commission income went down to 9.1 million dinars from 22.6 million dinars, according to the interim financial statement of the lender posted on the website of Serbia's central bank.
The bank's loan portfolio amounted to 13.8 billion dinars, while deposits totalled 12.5 billion dinars at the end of June.
Following are details on Opportunity Bank Serbia's financial performance (in millions of dinars, unless otherwise stated):
|
H1'19 |
H1'18 |
Deposits |
12.533 bln |
6.273 bln |
Loans |
13.780 bln |
4.723 bln |
Net fee and commission income |
9.1 |
22.6 |
Net interest income |
1.09 bln |
217.3 |
Net profit/loss |
293.8 |
-2.9 |
Opportunity Bank Serbia, a member of Opportunity International, is a community bank specialising in microfinance. It provides micro, rural, agro and SME loans and other financial services to clients in Serbia that cannot ordinarily access financial services from traditional banks. Opportunity Bank has been active in Serbia since 2002, when it was first established as Opportunity Savings Bank. It successfully transformed itself into a bank in 2007 with a licence issued by the Serbian central bank.
(1 euro = 117.559 dinars)