KMBN: Komercijalna Banka reported huge RSD 2.6bn loss for 1H16

Komercijalna Banka (KMBN) reported RSD 2.6bn pre-tax loss for 1H 2016, on new round of net provisioning which amounted to RSD 6.2bn.

This was not so expected given the fact that management claimed that most of troubled loans were provisioned in 2015. The second quarter brought RSD 3bn in additional write-offs, which was the main trigger for reported loss in the period. Net interest income for 1H16 arrived at RSD 6.8bn, down 1.7% y/y, while net F&C income came in at RSD 2.4bn, up 1.9% y/y. The bank's assets grew 4.6% YTD to RSD 409.9bn, mainly due to higher amount of placements into government securities.

Source: Wisebroker

NLB Komercijalna banka AD Beograd

Komercijalna Banka

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