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Nov 10, 2017 14:31 EEST
LJUBLJANA (Slovenia), November 10 (SeeNews) – Slovenian lender Abanka said on Friday its consolidated net profit fell to 42.5 million euro ($49.5 million) in the first nine months of 2017, from 67.4 million euro in the prior-year period.
Consolidated net interest income decreased 6.8% on the year to 55.8 million euro in the nine months ended September 30, while net fee and commission income rose 4.6% to 31.2 million euro, Abanka said in an interim financial statement.
The bank's total assets edged down slightly to 3.60 billion euro as of September 30, from 3.61 billion euro at the end of 2016.
In 2013, the Slovenian government stepped to 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. Banka Celje ceased to exist as an independent legal entity, whilst Abanka as the acquiring company and Celje's universal legal successor entered all legal relations concerning its peer.
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