Serbia's AIK Banka H1 pre-tax profit doubles to EUR 17mn.

By bne IntelliNews August 27, 2012
Serbian lender AIK Banka said its pre-tax profit doubled to RSD 2bn (EUR 17mn) in the first half of the year. According to AIK Banka's Jan-Jun financial report posted on the bourse's website, its net interest income rose 18% y/y RSD 3.8bn, while its net commissions and fees income fell an annual 9.7% to RSD 418mn. The bank's net provisions for bad debt rose 2.7% on the year to RSD 2.44bn in the first half of 2012. AIK Banka's total net assets rose 9.4% y/y to RSD 152bn at end-June. Last week the central bank said blue chip AIK Banka one of the five banks, which were asked to provide by August 31 details on the number and identity of all legal entities and individuals who participate in their shareholder structure under custody accounts. The five lenders should as well inform the central bank on the size of the individual holdings of these shareholders in the total shareholder capital. The monetary authority has said that this move, which aims to raise the transparency of bank ownership, is part of its measures to intensify its overseeing over the domestic lenders. Greece's ATEbank is the largest single shareholder of the Serbian lender with a 20.34% stake, followed by UniCredit Bank Austria with 7.85%. The remainder belongs to smaller shareholders.

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