Nova KBM
 

Preliminary Announcement of Results of Nova KBM d.d. for 1Q 2010 | NKBM

In the period from 1 January to 31 March 2010, Nova KBM d.d. generated profit from continuing operations of €7.5 million. Net interest income for the period amounted to €27.4 million or 26.9 per cent of the figure planned for 2010. The interest margin (calculated on average total assets) was 2.35 per cent, 0.25 per cent above the planned figure. Net fee and commission income was €11.5 million, 25 per cent of the figure planned for 2010.

Preliminary Announcement of Results of Nova KBM d.d. for 1Q 2010

30 April 2010
OBVESTILA
In the period from 1 January to 31 March 2010, Nova KBM d.d. generated profit from continuing operations of €7.5 million. Net interest income for the period amounted to €27.4 million or 26.9 per cent of the figure planned for 2010. The interest margin (calculated on average total assets) was 2.35 per cent, 0.25 per cent above the planned figure. Net fee and commission income was €11.5 million, 25 per cent of the figure planned for 2010.
 

The Bank covered 58 per cent of administration costs including depreciation and amortisation with net fee and commission income. As a result of the recession and, consequently, deterioration of its credit portfolio, the Bank’s profit has been particularly hit by above-average net impairment charges and provisions of €13.3 million, an amount that equals one third of net impairment charges and provisions to be made in the entire 2010.


The Bank's total assets amounted to €4,768.8 million as of 31 March 2010, a decrease of €20.6 million or 0.4 per cent over the 2009 year-end figure. In terms of total assets, the Bank's market share as of the end of September was 9.4 per cent, 0.1 percentage point above the 2009 year-end figure.


Net loans to non-bank customers reached €3,385.4 million at the end of March, €49.8 million over the amount reported for the 2009 year-end. The Bank's market share in loans to non-bank customers stayed at the same level at 9.9 per cent.


Deposits from non-bank customers were €2,958.4 million at the end of March, and increase of €12.0 million over the 2009 year-end figure. As of the end of March 2010, the ratio of net loans to deposits of non-bank customers was 114 per cent.


Total shareholders' equity amounted to €380.3 million at the end of March 2010, an increase of €12.4 million over the 2009 year-end figure. The total capital adequacy of the Bank as of the end of March 2010 was 10.45 per cent.