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Serbia's Privredna Banka Turns to 9-Mo Loss - Table

Oct 28, 2009, 1:27:06 PMArticle by Iskra Pavlova
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October 28 (SeeNews) - Serbian blue chip Privredna Banka turned to a pre-tax loss of 130 million dinars ($2.1 million/1.4 million euro) in the first nine months of 2009 from 12 million dinar profit a year earlier, central bank figures showed.

Serbia's Privredna Banka Turns to 9-Mo Loss - Table

Privredna Banka ranked the 24th largest bank in Serbia at the end of September with total assets of 20 billion dinars.

There were 34 banks active in Serbia in the first nine months of the year. The top three by assets are the Belgrade-based Banca Intesa, part of Italian banking group Intesa Sanpaoplo, Komercijalna Banka and Raiffeisen Banka.

Details of Privredna Banka's performance in January-September follow (in millions of dinars):

End-Sept'09 End-Sept'08
Pre-tax profit/loss -130 12
Net interest income 435 450
Net income from commissions and fees 166 185
Other operating income 66 136

Privredna Banka stock fell 1.66% to 890 dinars on the Belgrade Stock Exchange by 1100 GMT on Wednesday.

(1 euro=93.5738 Serbian dinars)


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