H1 profitable for Slovenian banks that record a 26.5% year-on-year increase 

H1 profitable for Slovenian banks that record a 26.5% year-on-year increase 

A report by the Banka Slovenije’s which was released on Tuesday showed that the country’s banks generated nearly 323 million euros in pre-tax profit in the first half of the year (H1), or else a 26.5% year-on-year increase. Profit after taxes was up 25.3% reaching 295.7 million euros. The total assets of the banking system rose by more than 0.5 billion euros to 38.5 billions overall.

It said that all Slovenian banks operated at a profit in the first six months of 2018.

The report reads: “After a solid June increase of loans to the non-banking sector in the amount of EUR 100m, growth increased to 5.6% year-on-year. Despite a June increase of loans to nonfinancial companies in the amount of EUR 81m, the year-on-year growth remained at a moderate 2.5%.”

Continued stable growth of loans to households was recorded, deposits by the non-banking sector are also continuing to grow and a very positive development is that all banks exposure to non-performing assets decreased by another 0.3 percentage points to 4.9% in June…. / IBNA