Ljubljana/Milan - The Italian Intesa Sanpaolo group posted EUR 12.74 million in net profit in Slovenia in the first nine months of the year, up by as much as 102.2% year-on-year, amid global-scale growth.

The Slovenian Intesa Sanpaolo Bank, formerly Banka Koper, generated 50.3 million in operating and financial income from January through September, roughly the same as in the same period last year.

Profit before tax totalled EUR 19.3 million, up by almost 69% on annual level. The bank's balance sheet total was up by 17% to EUR 3.44 billion at the end of September.

These results confirm the bank's readiness to successfully meet challenges brought about by Covid-19 and an environment of extremely low interest rates, the bank said in today's press release, adding that its capital adequacy also remained at a high level.

Moreover, significant progress has been recorded in lending activity as loan volumes grew year-on-year. Gross lending to households rose by 6.3% and to legal persons by 1.6%.

The Slovenian subsidiary is owned by Intesa Sanpaolo group, Italy's largest bank, which posted some EUR 4 billion in net profit in the first nine months of the year, nearly 29% up year-on-year excluding the effect of last year's takeover of UBI Banca.