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Friday, April 12, 2024

NLB group ups half-year net profit by 90%

By: J.S., STA

The banking group NLB reported EUR 139.8 million in net profit for the first half of the year, a rise of 90% year-on-year, which came with a “visible contribution” from the NLB’s latest acquisition, the Serbian bank Komercijalna Banka.

Net interest income increased by 32% to EUR 198.6 million and net non-interest income was up 23% to EUR 135.3 million as EUR 19 million net impairments and provisions were released. Total assets were up 8% from January to EUR 21.187 billion.

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