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Serbia's Komercijalna Banka 9-mo Pre-tax Profit Drops 42% - Table

Oct 27, 2009, 4:18:41 PMArticle by Iskra Pavlova
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October 27 (SeeNews) - Serbian blue chip Komercijalna Banka said its pre-tax profit fell to 1.2 billion dinars ($19 million/13 million euro) in the first nine months of the year from 2.1 billion dinars a year earlier.

Serbia's Komercijalna Banka 9-mo Pre-tax Profit Drops 42% - Table

Details of Komercijalna Banka's January-September financial statement sent to the central bank follow (in millions of dinars):

End-Sept'09 End-Sept'08
Pre-tax profit 1,193 2,067
Net interest income 4,502 4,464
Net income from commissions and fees 2,475 2,225
Other operating income 152 117

Komercijalna Banka ranks as Serbia’s second largest bank by assets, which totalled 195 billion dinars at the end of September, data from the country’s central bank showed on Tuesday. The Belgrade-based Banca Intesa, part of Italian banking group Intesa Sanpaolo, ranked first among the 34 lenders active in Serbia through September.

Komercijalna Banka added 0.02% to 36,036 dinars on the Belgrade Stock Exchange on Tuesday as 11 shares changed hands.

(1 euro=93.9352 dinars)

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