SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Serbia's Mirabank cuts H1 net loss

Sep 17, 2019, 11:07:59 AMArticle by Radomir Ralev
share
September 17 (SeeNews) - Serbia's Mirabank, a unit of United Arab Emirates-based Royal Group conglomerate, reduced its net loss to 111.3 million dinars ($1.0 million/947,000 euro) in the first half of 2019 from 178.3 million dinars in the like period of last year, data from its unaudited interim report showed.

Serbia's Mirabank cuts H1 net loss
Source: SNP Construction

Mirabank's net interest income fell to 70.4 million dinars from 77 million dinars, while net fee and commission income grew to 15 million dinars from 10.2 million dinars, according to the financial statement of the lender posted on its website.

The bank's loan portfolio amounted to 3.0 billion dinars, while deposits totalled 3.5 billion dinars at the end of June 2019.

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

H1'19 H1'18
Deposits 3.029 bln 2.082 bln
Loans 3.461 bln 2.862 bln
Net fee and commission income 15.0 10.2
Net interest income 70.4 77.0
Net profit/loss -111.3 -178.3

(1 euro = 117.559 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.