Banka Koper Halves Profit in 2012
Banka Koper's pre-tax profit declined by 56.1% compared to 2011 and net profit by almost 55% as operating revenues declined by 6.8% year-on-year.
Loans to companies and households reached EUR 1.9bn while deposits stood at 1.5bn, according to financial statements published by Intesa Sanpaolo.
At the end of 2012, Banka Koper's total assets were EUR 2.4m. Its portfolio included EUR 1.8bn of healthy loans, bad loans amounted to EUR 74m and an additional EUR 50m came in the lowest-grade loans for which restructuring is required.
The bank's parent group generated EUR 1.61bn in net profit in 2012, up from EUR 8.19bn in net loss that the group incurred the year before.