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Serbia's Privredna Banka 9-Mo Net Profit Rises 34% to 12 Mln Dinars (136,800 Euro) - Table

Nov 20, 2008, 6:12:19 PMArticle by Iskra Pavlova
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November 20 (SeeNews) - Serbian blue chip Privredna Banka’s net profit rose 34% on the year to 12 million dinars ($171,500/136,800 euro) in the first nine months of 2008, central bank figures indicated on Thursday.

Serbia's Privredna Banka 9-Mo Net Profit Rises 34% to 12 Mln Dinars (136,800 Euro) - Table

Privredna Banka ranked the twenty-third biggest bank in Serbia at the end of September with total assets of 15.6 billion dinars.

There were 35 banks active in Serbia in the first nine months of 2008. The top three by assets were the Belgrade-based units of Italy’s Banca Intesa and Austria’s Raiffeisenbank, and Komercijalna Banka.

Details of Privredna Banka's performance in first nine months of 2008 (in millions of dinars):

Jan-Sept'08 Jan-Sept'07
Net profit 12 9
Pre-tax profit 12 9
Net interest income 450 357
Net income from commissions and fees 185 161
Other income 136 210

Privredna's shares closed 10.17% down at 521 dinars on the Belgrade Stock Exchange on Thursday.

(1 euro = 87.6892 dinars)


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