04/20/2018
Ljubljana, 20 April (STA) - Abanka, a state-owned bank slated for privatisation, saw its profit decline by about 44% to EUR 42.6m in 2017, according to preliminary results released on Friday.
Net interest revenue declined significantly, from EUR 77.6m to EUR 72.2m, whereas fees rose marginally to EUR 40.7m. Expenses dropped by 3.5% to EUR 75.4m.
Total assets rose to EUR 3.7bn, having stood at EUR 3.6bn the year before.
The bank, created after the bank bailout with the merger of Abanka and Banka Celje, did not disclose the reasons for the steep fall in profit.