September 1 (SeeNews) - Slovenian lender Abanka said its non-consolidated net profit dropped to 32.455 million euro ($38.627 million) in the first half of 2017, from 47.386 million euro in the like period of last year.
The decline is primarily due to 9.96 million euro in net provisioning and impairment income recorded by the lender, Abanka said in a financial statement for the first half of 2017.
Abanka’s net interest income decreased 6.6% on the year to 37.456 million euro in the first half, while net fee and commission income shrank by 25% to 25.146 million euro.
The bank's total assets decreased to 3.606 billion euro as at end-June, down from 3.615 billion euro at end-2016. Its market share in terms of assets stood at 9.7% at the end of June.
In 2013 the Slovenian government had to step in and recapitalise Abanka with 348 million euro whilst also seizing control of the bank. In October 2015, Abanka and its state-owned peer Banka Celje merged. Banka Celje ceased to exist as an independent legal entity, whilst Abanka as the acquiring company and universal legal successor entered all legal relations concerning its peer.
($= 0.840346 euro)