NLB Bank Still in Deep Red
Group net profit stood at EUR 16.2m for the same period of last year though it is not immediately clear from the bank's statement whether the figures are comparable. The bank will release detailed financial statements in mid-November.
Though the figures suggest the bank's financial health is poor, the bank sees "first signs that indicate the possibility that after years of decline, the bank will succeed in stabilising the monthly bottom line before provisions and extraordinary events".
The bank's total assets stood at EUR 10.87bn and group assets were EUR 13.66bn, both figures down 5% since the start of the year.