Bosnian bank NLB Banka Banja Luka posts lower net profit in first half

SARAJEVO (Bosnia and Herzegovina), August 3 (SeeNews) – NLB Banka Banja Luka [BANJ:VBBB-R-A]Bosnian subsidiary of Slovenian bank Nova Ljubljanska Banka (NLB), said on Wednesday its net profit fell 15.5% year on year in the first half of 2022, to 18 million marka ($9.4 million/9, 2 million euros).

Net interest income amounted to 21.1 million marks in the January-June period, compared with 19.4 million marks in the same period a year earlier, the lender, based in the entity of the Serbian Republic of Bosnia, in a scholarship file.

Net commission income increased to DM 12.5 million in the first half of 2021 from DM 10.9 million in the first half of 2021.

The lender increased its administrative and other expenses to 16.2 million marks in the first half of 2022, from 14.5 million marks in the same period last year.

NLB Banka Banja Luka’s assets stood at DM 1.86 billion at the end of June, up from DM 1.80 billion at the end of 2021.

The bank’s shares last traded on the Banja Luka Stock Exchange (BLSE) on December 9, when they closed up 42.86% at 3,000 marka.

The Slovenian banking group has another subsidiary in Bosnia – NLB Banka based in Sarajevo, in the entity of the Federation.

The Federation and the Serbian Republic are two autonomous entities that form Bosnia and Herzegovina.

(1 euro = 1.95583 marks)

About Eleanor Blackburn

Check Also

Analysis: Foreign exchange reserves of Bosnia and Herzegovina

The foreign exchange reserves of Bosnia and Herzegovina as of July 31, 2022 amounted to …