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):
|Net fee and commission income
|Net interest income
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