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Opportunity Bank Serbia's profit rises 57% in 2018 - table

Author Radomir Ralev
Opportunity Bank Serbia's profit rises 57% in 2018 - table Ken Teegardin/CC BY-SA 2.0

BELGRADE (Serbia), April 19 (SeeNews) - Opportunity Bank Serbia said its profit rose 57.2% in 2018, reaching 554.9 million dinars ($5.3 million/4.7 million euro).

Opportunity Bank Serbia's net interest income increased to 2.0 billion dinars from 1.8 billion dinars, while net fee and commission income fell to 21.5 million dinars from 25.6 million dinars, according to the annual financial statement of the lender for 2018 posted on its website.

The bank's loan portfolio amounted to 13 billion dinars, while deposits totalled 12 billion dinars at the end of December.

Following are details on Opportunity Bank Serbia's financial performance (in millions of dinars, unless otherwise stated):

  2018 2017
Deposits 12.017 bln 9.965 bln
Loans 13.038 bln 11.215 bln
Net fee and commission income 21.5 25.6
Net interest income 2.046 bln 1.779 bln
Net profit 554.9 353.1

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 = 118.125 dinars)