BELGRADE (Serbia), October 8 (SeeNews) – Serbia's Agrobanka posted a profit of 1.36 billion dinars ($21.6 million/14.6 million euro) through August, equal to 93% of the profit projected for all of 2009, the blue-chip bank said.
It did not say whether the profit for the first eight months of the year was net of gross and provided no comparative figures but the bank's executive board member Branislav Pesic told SeeNews last month that Agrobanka had a net profit of 1.28 billion dinars through July, unchanged from a year earlier.
The volume and the dynamics of revenue and expenditure had a positive effect on the operation of the bank in the first eight months, Agrobanka said in a statement made available to SeeNews on Thursday.
Agrobanka had total assets of 52.17 billion dinars at the end of August 2009, 14.3% above the projected end-year figure, it said. Agrobanka was ranked as the 15th largest bank in Serbia with total assets of 45.7 billion dinars at the end of June, central bank figures showed.
The bank extended 35 billion dinars in loans to corporate borrowers and citizens in the first eight months of this year, it said. It disbursed 25.4 billion dinars in loans in all of 2008.
Agrobanka shares closed 1.41% higher at 11,223 dinars on Wednesday.
(1 euro=93.0818 Serbian dinars)