The Slovenia Times

Banka Celje Posts Nearly EUR 3M Profit in H1


The bank has reduced its total assets by 14% or EUR 253m in the six month-period to EUR 1.56bn at the end of June, says a press release from the bank posted on the website of the Ljubljana Stock Exchange on Friday.

Profit before impairments and provisions increased by nearly 71% to EUR 21.6m during the same period, the bank said.

The bank has worked on balancing the finance sources and increased household deposits by EUR 7.8m, which represents 43% of the bank's liabilities and is the strongest single source of funding for the bank.

In line with the restructuring plan, the bank is also reducing its loaning activity and has refocused to provide loans for small and medium-sized companies. Net value of loans was reduced by 10% in the first six months of the year.


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