Piraeus Bank makes RSD 223.8 million in profit in first quarter – Capital adequacy ratio 28.7%

In the first quarter of 2017, Piraeus Bank had RSD 223.8 million in pre-tax profit, considerably more than planned.

– The achieved results are down to our constant care for the clients and enhancing products and services in line with the demands of the market – said president of the Executive Board of Piraeus Bank, Vojislav Lazarevic.

Compared to the first quarter of 2016, the bank's net loans grew by 15.4%, whereas net interest revenues increased by 8.4%. Retail dinar cash loans marked the highest increase at 10%.

The capital adequacy ratio of Piraeus Bank amounted to 28.7% at the end of the first quarter, considerably above the regulatory limit of 12% prescribed by the National Bank of Serbia.

The bank said in its press release that it had also considerably reduced the percentage of NPLs in the previous year and that they were expected to drop to around 11% before the end of 2017.

Piraeus bank a.d. Beograd

Narodna banka Srbije Beograd

Piraeus Bank Serbia

Piraeus Bank

Piraeus Bank profit

Vojislav Lazarevic

Piraeus Bank loans

dinar cash loans

National Bank of Serbia

NBS

Piraeus Bank revenues