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Nov 30, 2017 16:13 EEST
November 30 (SeeNews) - Slovenia's state-owned SID Bank Group, whose parent is development lender SID Banka, said on Thursday its consolidated net profit shrank to 7.7 million euro ($9.1 million) in the first nine months of 2017, from 19.9 million euro a year earlier.
Consolidated net interest income decreased 19.5% year-on-year, reaching 15.3 million euro in January-September, while non-interest revenue dropped 37.2% to 8.2 million euro, the group said in its interim financial report for the nine months ended September 30.
Operating costs grew to 12.7 million euro from 11.7 million euro.
SID Bank Group's total assets amounted to 2.42 billion euro at end-September, down from 2.60 billion euro at the end of 2016.
SID Banka Group employed 265 at end-September, down from 289 a year earlier.
The group comprises SID Banka and Prva kreditna zavarovalnica. SID Bank Group also owns a 50% stake in Prvi faktor factoring company and participates in Ljubljana-based Centre for International Cooperation and Development.
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