Business News

Slovenian Unicredit Posts Lower Profit Even as Business Expands

Ljubljana, 03 August (STA) - The Slovenian branch of Unicredit bank posted a pre-tax profit of EUR 6.7m for the first half of the year, down 30.2% over the year before, despite increasing total assets 3.3% on the back of strong crediting and deposit growth.

Loans grew 5.2% year-on-year and deposits by 20.1%, Unicredit banka Slovenije said in a press release.

But revenue was down 2.1% to EUR 41.3m, due to falling interest revenue as well as a EUR 400,000 charge it took under the act that taxes the total assets of banks.

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