Banks, Financial Services, Latvia
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Thursday, 25.04.2024, 08:10
DNB Banka’s group posts EUR 12.2 mln in H1 profit
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The bank’s board chairman Janis
Teteris told LETA that the
group’s net profit in the first six months of last year reached 22.8 million,
but the profit was significantly – by EUR 11.8 million - affected by one
transaction, as the bank’s shares in Visa Europe Limited were sold. That
transaction excluded, the group’s net profit was EUR 11.1 million, and compared
to that, the profit of the first six months of this year has risen by 9%.
The bank’s net interest income reached EUR 19.5 million, which is about the
same as in the respective period last year. Expenditure amounted to EUR 18.4
million, down 6% year-on-year.
The bank had attracted EUR 1.2 billion in deposits, and net loan portfolio
reached EUR 1.5 billion. New loans issued by the bank reached EUR 149 million
in the second quarter of this year.
In the first half of 2016, DNB Banka’s
group generated EUR 22.782 million in profit.
At the end of March 2017, DNB Banka
was the seventh largest bank in Latvia by assets, according to the data of the
Association of Latvian Commercial Banks.
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