11/27/2018
Ljubljana, 27 November (STA) - Slovenian banks posted a cumulative profit after tax of EUR 382m for the first nine months of 2018, an increase of 11.4% over the same period last year on the back of solid growth of interest and non-interest revenue.
Interest revenue was up 3.6% to EUR 499m and non-interest revenue grew by 7.4% to EUR 367m.
Banks also booked EUR 40.5m in revenue from the cancellation of write-downs and provisions, an increase of 12.8% over the year before.
At the same time, operating costs contracted by 1.3% to EUR 484m.
At the end of September, return on assets stood at 1.30% compared to 1.07% a year ago and return on equity improved from 8.67% to 10.35%.