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Serbia's Komercijalna banka net profit declines in Q1 - table

Author Radomir Ralev
Serbia's Komercijalna banka net profit declines in Q1 - table Author: Komercijalna Banka. License: All rights reserved.

BELGRADE (Serbia), May 16 (SeeNews) - Serbian blue-chip lender Komercijalna Banka [BEL:KMBN] said its net profit declined 16% on the year to 1.668 billion dinars ($15.9 million/14.1 million euro) in the first quarter of 2019.

Komercijalna Banka's net interest income rose 1.1% to 3.132 billion dinars, while net fee and commission income grew 1.2% to 1.216 billion dinars from 1.202 billion dinars, Komercijalna said in an interim financial statement filed with the Belgrade Stock Exchange on Wednesday.

The return on assets (ROA) ratio of the bank fell to 1.7% in March from 2.1% at the end of December, while return on equity (ROE) ratio went down to 9.7% from 12.6% at the end of last year.

The bank's loan portfolio amounted to 187.3 billion dinars, while deposits totalled 321.1 billion dinars at the end of March.

Following are details on Komercijalna banka's financial performance (in billions of dinars):

  Q1'19 Q1'18
Loans 187.3 186.024
Deposits 321.059 322.892
Net fee and commission income 1.216 1.202
Net interest income 3.132 3.098
Net profit 1.668 1.987

(1 euro = 117.948 dinars)