August 3 (SeeNews) - The net profit of Serbia's Erste Bank Novi Sad recorded a net profit of 890 million dinars ($8.9 million/7.6 million euro) in the first half of 2020, down 18.7% on the year, it said.
Net interest income grew 11.5% to 3.89 billion dinars, while net fee and commission income increased 11.9% to 890 million dinars, Erste Bank Novi Sad said in a statement.
The non-performing loan (NPL) ratio of the bank stood at 1.1% at the end of June, Erste Bank Novi Sad said.
"Preserving the liquidity of companies will be crucial in the period ahead, during which we will remain available to state institutions if there is a need to be involved in additional support measures, but also to continue long-term active participation in programs of international financial institutions aimed at supporting our economy," the president of the executive board of the bank, Slavko Caric, said in the statement.
The total assets of Erste Bank Novi Sad rose to 267.26 billion dinars as at end-June from 231.45 billion dinars at the end of last year.
Erste Bank Novi Sad is part of Vienna-based Erste Group, which serves over 16 million clients in Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.
(1 euro = 117.605 dinars)
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