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Serbia's Univerzal Banka 9-Mo Pre-tax Profit Falls 83% to 128.5 Mln Dinars (1.38 Mln Euro) - Table

Oct 27, 2009, 6:40:02 PMArticle by Vera Ovanin
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BELGRADE (Serbia), October 27 (SeeNews) –  Serbian blue chip Univerzal Banka posted a pre-tax profit of 128.5 million dinars ($2.04 million/1.38 million euro) through September, 83% down from a year earlier, central bank figures indicated.

Serbia's Univerzal Banka 9-Mo Pre-tax Profit Falls 83% to 128.5 Mln Dinars (1.38 Mln Euro) - Table

Univerzal ranked the 19th biggest bank in Serbia at the end of September with total assets of 28.3 billion dinars, central bank figures showed.

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

Details of Univerzal Banka's performance through September follow (in millions of dinars):

End-Sept'09 End-Sept'08
Pre-tax profit 128.5 746.5
Net interest income 1,648 1,287
Net income from commissions and fees 315.5 464.5
Other operating income 6.3 24.2

The bank's share fell 1.10% to 9,000 dinars on the Belgrade Stock Exchange on Tuesday.

(1 euro=93.2525 Serbian dinars)

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