Business News

Slovenian banks Q1 profit up nearly two thirds

Ljubljana, 19 May (STA) - Slovenian banks posted a cumulative profit after tax of EUR 95 million for the first quarter, up 61% over the same period last year. Pre-tax profit rose by half to almost EUR 105 million, show central bank data released on Wednesday.

Total assets grew by 9.2% in the year to March to reach EUR 46 billion, mostly due to surging deposits by the non-banking sectors, which increased by EUR 528 million in March alone.

Household lending ticked up as well, but at a slower pace, 4.3%. Loans to corporates declined by 3.6% at the annual level despite an uptick in March.

The share of non-performing loans remains low, at EUR 905 million. Hospitality is the only industry in which the share of bad loans increased.

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