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Serbia's Expobank turns to H1 loss - table

Author Radomir Ralev
Serbia's Expobank turns to H1 loss - table Ken Teegardin/CC BY-SA 2.0

BELGRADE (Serbia), September 11 (SeeNews) - Serbia's Expobank Beograd, a subsidiary of Czech lender Expobank CZ, turned to a loss of 211.2 million dinars ($2 billion/1.8 million euro)  in the first half of 2019 from a profit of 74.8 million dinars in the like period of last year.

Expobank Beograd's net interest income grew to 249.6 million dinars from 263.1 million dinars, while net fee and commission income declined to 54.3 million dinars from 57.8 million dinars, according to the bank's interim unaudited financial statement posted on its corporate website.

Expobank CZ said in March 2018 it completed the purchase of Serbia's Marfin Bank from Cyprus Popular Bank Public (CPB) for an undisclosed sum and would rename Marfin Bank to Expobank.

Expobank Beograd's loan portfolio amounted to 3.1 billion dinars, while deposits totalled 12.1 billion dinars at the end of June.

Following are details on Expobank's financial performance (in millions of dinars unless otherwise stated):

  H1'19 H1'18
Deposits 12.122 bln 11.067 bln
Loans 3.100 bln 9.594 bln
Net fee and commission income 54.3 57.8
Net interest income 249.6 263.1
Net profit/loss -211.2 74.8

(1 euro = 117.547 dinars)

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