November 14 (SeeNews) - Serbian blue-chip lender Komercijalna banka [BEL:KMBN] said on Tuesday it swung to a net profit of 6.9 billion dinars ($68.5 million/58.3 million euro) in the first nine months of 2017 from a 1.8 billion dinars loss in the like period of last year.
Komercijalna banka's net interest income fell to 9.4 billion dinars in January-September 2017 from 10.2 billion dinars in the prior-year period, while net fee and commission income grew to 3.8 billion dinars from 3.6 billion dinars, Komercijalna said in an interim financial statement filed with the Belgrade Stock Exchange.
Net expenses for impairment of financial assets and credit risk off-balance sheet items decreased to 216.9 million dinars in the first nine months of 2017 from 7.4 billion dinars in the like period of last year.
The bank's loan portfolio amounted to 179.8 billion dinars, while deposits totalled 298.3 billion dinars at the end of September.
Following are details on Komercijalna banka's financial performance (in billions of dinars):
|
9-mo'17 |
9-mo'16 |
Net fee and commission income |
3.756 |
3.589 |
Impairment cost |
217 mln |
7.385 |
Net interest income |
9.442 |
10.228 |
Net profit/loss |
6.934 |
-1.780 |
(1 euro = 118.419 dinars)
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