Business News

Abanka Group profit down 32% in first half of 2019

Ljubljana, 04 September (STA) - Abanka Group generated EUR 26.3 million in net profit in the first six months of the year, according to unaudited report, which is 32.3% less than in the same period last year. Net interest revenue was down by 0.5% and net non-interest income by 19.5%, Abanka said in a press release on Wednesday.

Net interest reached EUR 29.8 million and net non-interest income stood at EUR 27.3 million.

The group's total assets amounted to EUR 3.76 billion at the end of June, after standing at EUR 3.73 billion at the end of December.

Abanka posted a net profit of EUR 26.2 million in the January-June period, down 35.2% from the same period last year.

Net interest was up by around 1% to EUR 29.8 million, while net non-interest income dropped by a quarter to EUR 26.4 million.

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