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Serbia's Komercijalna Banka H1 net profit surges - table

Author Senad Dedeic
Serbia's Komercijalna Banka H1 net profit surges - table Author: Komercijalna Banka. License: All rights reserved.

BELGRADE (Serbia), August 18 (SeeNews) - Serbian blue-chip lender NLB Komercijalna Banka [BEL:KMBN] reported a net profit of 3.4 billion dinars ($29.4 million/28.97 million euro) in the first half of 2022, sharply up from 944 million dinars in the like period of last year.

NLB Komercijalna Banka's net interest income rose by 15% year-on-year to 6.856 billion dinars in the period under review, while the net fee and commission increased 42% to 3.689 billion dinars, the lender said in a financial statement filed with the Belgrade Stock Exchange.

Return on assets (ROA) stood at 1.42% in June, up from 0.34%, while return on equity (ROE) rose to 9.25% from 2.11%, compared to June 2021.

In late April, Slovenia's Nova Ljubljanska Banka (NLB) [LJE:NLBR] completed the process of integration of the Belgrade-based lender.

NLB completed the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka for 394.7 million euro ($414.7 million) on December 30, 2020, becoming the third-largest banking group in Serbia. In May 2022, NLB raised its stake in Komercijalna Banka to 91.73%.

Following are details on NLB Komercijalna Banka's financial performance (in billions of dinars):

  H1'22 H1'21
Loans 299.578 193.851
Deposits 444.114 378.350
Net fee and commission income 3.689 2.590
Net interest income 6.856 5.978
Net profit 3.398 0.944

Komercijalna banka's shares last traded at 4,500 dinars on the Belgrade stock exchange.

(1 euro = 117.375 dinars)


Komercijalna Banka AD Beograd is among the biggest banks in SEE, for more reference take a look at Top 100 banks