Vojvodjanska banka posts 5.9 bln dinar hafl-year net profit

Vojvodjanska banka has posted a half-year net profit of 5.9 bln dinars, which is more than a 100 pct increase compared to the same period last year.

20 Septembar 2019 19:06

BELGRADE - Vojvodjanska banka has posted a half-year net profit of 5.9 bln dinars, which is more than a 100 pct increase compared to the same period last year.

The results were achieved despite 697 mln dinar losses from a conversion of a portfolio of Swiss franc-denominated housing loans following the passage of special legislation in April 2019, the bank said in a statement.

Executive Board Chairman Predrag Mihajlovic said a positive business trend for Vojvodjanska banka from last year had also continued during the finalisation of a complex merger with OTP Bank Serbia.

"Net retail and entrepreneurial lending rose 3.7 pct to 66 bln dinars, primarily as a result of growing cash and housing loans. Net lending to legal persons rose 5 pct, growing even more dynamically compared to the end of last year, and totalling 70 bln dinars," he said.

(1 euro = 117.5 dinars)


Full article(s) available to Tanjug subscribers

top of page