LJUBLJANA (Slovenia), November 28 (SeeNews) – Slovenian group SKB, which is owned by Hungarian banking group OTP, recorded a consolidated net profit of 47.0 million euros ($48.8 million) in the first nine months of 2022, which is 35.7% more than in the same period last year. year.
“The development of the operating result in 2022 was significantly influenced by the net release of impairments and provisions, while the SKB Group maintained its operating profit at the level of last year,” they wrote in a message for the lender on the website.
In the first nine months of 2022, the SKB Group generated EUR 94.7 million in net banking income, which is 3.8 percent more than in the same period last year, they announced.
Return on equity (ROE) increased by 3.3 percentage points to 14.4% at the end of September, according to the SKB Group.
In the first nine months of 2022, the SKB Group increased its credit portfolio by 14 percent to 2.998 billion euros, mainly due to the increased volume of newly approved transactions with legal entities and the increased volume of newly approved housing loans, the lender notes.
In December 2019, the Hungarian banking group completed the acquisition of SKB banka from the French group Societe Generale. At the time of the takeover, SKB banka was the fourth largest bank in Slovenia with a market share of almost 9%, OTP announced at the time.
($ = 0.96341 euros)
SKB banka dd is one of the largest banks in SE, for more information see Top 100 banks