November 10 (SeeNews) - Opportunity Bank Serbia's profit rose 6.4% on the year in the first half of 2017 to 223.3 million dinars ($2.19 million/1.88 million euro), data from the country's central bank, NBS, shows.
Opportunity Bank Serbia's net interest income rose to 857.7 million dinars from 754.8 million dinars, while net fee and commission income fell to 14 million dinars from 22.4 million dinars, according to the financial statement of the lender for the first half of 2017, posted on the website of NBS.
Net expenses for impairment of financial assets and credit risk off-balance sheet items decreased to 53.1 million dinars in the first half of 2017 from 53.6 million dinars in the like period of last year.
The bank's loan portfolio amounted to 4.1 billion dinars, while deposits totalled 9.2 billion dinars at the end of the first half of 2017.
Following are details on Opportunity Bank Serbia's financial performance (in millions of dinars unless otherwise stated):
| |
H1'17 |
H1'16 |
| Loans |
10.739 bln |
10.168 bln |
| Deposits |
9.679 bln |
9.623 bln |
| Impairment cost |
53.1 |
53.6 |
| Net fee and interest income |
14.0 |
22.4 |
| Net interest income |
857.7 |
754.8 |
| Net profit |
223.3 |
209.7 |
Opportunity Bank Serbia, a member of Opportunity International is a community bank specialising in microfinance, providing micro, rural, agro and SME loans and other financial services to their 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 into a bank in 2007 with a license issued by the Serbian central bank, the NBS.
(1 euro = 118.608 dinars)