LJUBLJANA (Slovenia), April 21 (SeeNews) – Slovenian lender Abanka said on Friday its consolidated net profit surged to 77.5 million euro ($83.2 million) in 2016 from 41.7 million euro in the previous year.
Abanka’s consolidated net interest income increased 2.1% on the year to 78.7 million euro in 2016, while net fee and commission income fell 7.2% to 38.9 million euro, the bank said in a financial statement filed with the Ljubljana bourse.
The bank's total assets dropped 215.4 million euro from end-2015 to 3.6 billion euro at end-2016.
In 2013, the Slovenian government had to step in and recapitalise Abanka with 348 million euro whilst also seizing control of the bank. In October 2015, Abanka and its state-owned peer Banka Celje merged. The latter ceased to exist as an independent legal entity, whilst Abanka as the acquiring company and as Celje's universal legal successor entered all legal relations concerning its peer.
($=0.931898 euro)