Ljubljana, 12 May (STA) - The bank Deželna banka Slovenije (DBS) last year posted EUR 3.81m in net profit or 55% more than in 2016. Pre-tax profit was up by 58% to EUR 4.66m, while earnings before interest, taxes, depreciation, and amortisation reached EUR 9m, according to the annual report published on the bank's website.
The small private bank saw its revenue from net interest grow by 8% to EUR 17.81m, while net commissions were up slightly to EUR 7.56m.
Compared to 2016, expenses for impairment of investments were up slightly to EUR 3.42m, which included EUR 2.42m in impairments for loans.
The bank's total assets stood at EUR 931.03m at the end of 2017, growing by more than 10% year-on-year, mostly owing to loans from the central bank and higher deposits from households.
According to the data for the end of 2016, it was the eleventh-biggest bank in Slovenia in terms of total assets.
Deposits from households remain the banks's biggest source of financing, growing by 3% last year. Loans to households were meanwhile up 9% compared to 2016.
The DBS group, which includes a leasing arm, two real estate arms and seed producer Semenarna Ljubljana, last year posted EUR 5.62m in pre-tax profit or 73% more than in 2016.
Net profit almost doubled to EUR 4.76m, mostly owing to the good performance of the core bank, while the group's capital adequacy ratio was at 14.72% at the end of last year.