LJUBLJANA (Slovenia), November 21 (SeeNews) – Slovenian lender Abanka said on Wednesday its non-consolidated net profit increased to 53.5 million euro ($61.1 million) in the first nine months of 2018, from 43.05 million euro in the like period of last year.
Abanka’s consolidated net interest income decreased 17.6% on the year to 44.9 million euro in the January-September period, while net fee and commission income shrank to 28.2 million euro from 28.4 million euro, the bank said in an interim financial statement.
As at September 30, Abanka had total assets of 3.7 billion euro, giving it a market share of 9.6%.
In 2013 the Slovenian government had to step in and recapitalise Abanka with 348 million euro whilst also seizing control of the bank. In October 2015, Abanka and its state-owned peer Banka Celje merged. Banka Celje ceased to exist as an independent legal entity, whilst Abanka as the acquiring company and universal legal successor entered all legal relations concerning its peer.
($=0.87588 euro)