UPDATE 1 - Slovenia's NKBM sees 9-mo non-cons net loss at 100 mln euro

The non-consolidated pre-tax loss from continuing operations amounted to 101 million euro through September with profit before provisions and impairment losses standing at 30.4 million euro, NKBM said in a bourse filing.

The lender attributed its preliminary operating loss for the review period to deteriorating conditions on the financial markets, an increasing number of companies filing for bankruptcy and the restructuring of bad loans incurred in the past.

Non-consolidated net interest income totalled 56.4 million euro through September with net fee and commission income reaching 31.2 million euro.

NKBM said its results continued to be adversely affected by high loan loss provisions, reflecting deterioration in its loan portfolio. In the first nine months of the year, the bank recorded net impairment losses and provisions of 131.5 million euro.

The bank’s total assets amounted to 4.57 billion euro at end-September, down 4.9% from the end of 2011. As of the end of August, NKBM’s domestic market share in total assets was 9.8%, the same as at the end of 2011.

Net loans and advances to customers totalled 3.11 billion euro at end-September, a decrease of 233.9 million euro relative to the end of 2011. The bank’s market share in this segment decreased in the first eight months of the year by 0.4 percentage points to reach 9.7% at the end of August.

Loans and deposits from customers amounted to 2.92 billion euro at the end of September, with NKBM’s market share remaining flat at 12.5% on this segment. The customer net loans-to-deposits ratio fell by 2.9 percentage points to 106.2%.

The bank’s total capital adequacy ratio as of September 30 was 8.79%.

($=0.7698 euro)