SKB Group net profit up by third last year

Ljubljana – SKB Group, which has been part of the Hungarian banking group OTP since the end of 2019, posted a net profit of EUR 46 million last year, up 32% compared to the year before. The bank attributes the rise to the general economic recovery after the Covid-19 pandemic. Net revenue was level at EUR 122 million. The favourable economic situation reflected in an increased loan activity. Nevertheless, due to high access liquidity and the pressure of competition on interest rates, net interests were down by 4.4%. Non-interest net…

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