Banking sector reports 84% higher half-year net profit

Ljubljana – Slovenian banks generated a cumulative after-tax profit of EUR 226.4 million in the first half of the year, an increase of 84% compared with the same period last year that the central bank says is the product of a release of impairments and provisions. According to the monthly report released by Banka Slovenije, the combined pre-tax profit of banks in Slovenia rose by over 90% year-on-year to over EUR 251 million. This was as more than two-thirds of banks reported net release of impairments and provisions, more than…

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