May 23 (SeeNews) - Slovenian lender Abanka said on Wednesday its non-consolidated net profit rose to 25.5 million euro ($29.9 million) in the first quarter of 2018, from 17.0 million euro in the same period last year.
Abanka’s net interest income decreased 21.6% on the year to 14.9 million euro in the three months through March, while net fee and commission income dropped by 13.5% to 9.4 million euro, Abanka said in a financial statement for the first quarter of 2018.
The bank's total assets rose to 3.73 billion euro as at end-March, up 2.0% from end-2017, whilst its market share in terms of assets stood at 9.8%.
In 2013 the Slovenian government had to step in and recapitalise Abanka with 348 million euro whilst also seizing control of the bank. In October 2015, Abanka and its state-owned peer Banka Celje merged. The latter ceased to exist as an independent legal entity, whilst Abanka as the acquiring company and universal legal successor entered all legal relations concerning its peer.
($= 0.8534 euro)