UniCredit Bank Slovakia posts net profit of EUR 11.4mn at end-Sep.

By bne IntelliNews November 2, 2010
UniCredit Bank Slovakia reported a net profit of EUR 11.4mn as of end-Sep, a decrease of 26.6% y/y. The result is in line with bank's expectations. Net operating income dropped by 3.9% y/y reflecting the low reference rates on the interbank market. The operating costs shrank by 3.8% y/y to EUR 54.9mn. Customers' deposits were EUR 2.45bn, increasing by 7.1%. Business deposits, which have a 64.9% share in the deposit portfolio, increased by 9.9% y/y. Net loans were EUR 2.6bn and increased by 9.9% for Jan-Sep period. Retail loans hiked by 40.4% y/y. The bank reveals that non-performing loans were 7.7% of the total gross loans as of end-Sep. UniCredit Bank Austria holds 99% of UniCredit Bank Slovakia. The rest is owned by the agriculture ministry and a number of small shareholders. UniCredit Bank Slovakia is among the top 5 banks in the country.

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