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Serbian banks turn to total net loss of 2.1 bln dinars (18.2 mln euro) in 2013

Serbian banks turn to total net loss of 2.1 bln dinars (18.2 mln euro) in 2013

BELGRADE (Serbia), June 10 (SeeNews) - The thirty banks operating in Serbia turned to a combined net loss of 2.1 billion dinars ($24.8 million/18.2 million euro) in 2013 from a net profit of 11.65 billion dinars in the previous year, the country's central bank said.

Fifteen banks posted a profit - of 32.5 billion dinars in total - and the remainder closed the year in the red, reporting a combined loss of 34.6 billion dinars, the National Bank of Serbia (NBS) said in a regular report published last week.

Total gross non-performing loans (NPLs) of the Serbian banking sector increased to 395.3 billion dinars by the end of 2013 from 365.8 billion dinars a year earlier, with the share of gross NPLs in the total gross loans rising by 2.8 percentage points to 21.4%.

The capital adequacy ratio at the end of December stood at 20.9%, up from 19.9% at the end of September.

The banking sector's total assets decreased by 34 billion dinars from end-2012, reaching 2,846 billion dinars.

Banca Intesa Beograd ranked first in terms of assets, totalling 427.2 billion dinars. Komercijalna Banka [BEL:KMBN] and UniCredit Bank Srbija followed with 363.7 billion dinars and 252 billion dinars respectively.

The number of people employed in local banks reached 26,380 by the end of 2013.

(1 euro=115.4063 Serbian dinars)

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