Consolidated profit of Komercijalna banka totals RSD 4,5 billion in the first six months 2017

Belgrade-basedKomercijalna Banka published consolidated financial statements for the firstsix months, covering operations of the mother bank and other members of thegroup: branches in Budva and Banja Luka, as well as companies for managinginvestment funds KomBank Invest.

Atthe end of June, the group`s consolidated assets totaled RSD 403.4 billion(decrease of 5.9%), in which dependent companies contribute with about 8%.

In the periodJanuary-June, Komercijalna banka recorded a consolidated profit before tax of RSD4.5 billion against a loss of RSD 2.7 billion in the same period last year. Similarlyto unconsolidated reports, absence of write-off and reservation costs hasbrought a much better result in the current year.

Komercijalnabanka Budva contributed to the profit with EUR 486 thousand, Komercijalna bankaBanja Luka with 120 thousand and KomBank Invest with RSD 2.9 m.

Group capitaladequacy at the end of June was 24% compared to 26.2% from the end of last year,Wisebroker reports.

Recently, results of Komercijalna bankaBeograd have been published, whichin the first six months this year generated profit of RSD 4 billion and 420 m, i.e. approximately EUR 36 mil, which is two billion and RSD 332 mmore than profit planned in H1 2017 business plan.

NLB Komercijalna banka AD Beograd

Banka Poštanska štedionica a.d. Banja Luka

Komercijalna banka a.d. Budva

Kombank invest a.d. Beograd

profit of Komercijalna banka