The Bank's total assets were €4,780.0 million at the end of September, down €26.5 million, or 0.6%, from the 2010 year-end. As of 30 September 2011, the Bank's market share in terms of total assets was 9.7%, an increase of 0.1 percentage point from the beginning of the year.
In the period from January through September 2011, the Bank generated net interest income of €76.3 million, which accounted for 71.0% of the annual projection. Interest margin, calculated on the average total assets, was 2.12%, which was 0.08 percentage points below the projection. Net fee and commission income totalled €33.1 million, or 81.2% of the annual projection. The Bank covered 52.5% of its administration costs, including depreciation and amortisation, with net fees and commissions.
The Bank's profit before provisions and impairment losses was €52.2 million, which accounted for 76.2% of the annual projection. With the economic recovery stagnating, the quality of the Bank's loan portfolio registered a further moderate deterioration, as a result of which the Bank had to recognise higher than projected provisions and impairment losses; these amounted to €45.2 million, or 82.1% of the annual projection.
Net loans and advances to customers totalled €3,433.6 million at the end of September, a decrease of €72.3 million, or 2.1%, from the end of 2010. Nova KBM's market share in loans to the non-banking sector remained flat at 10.2%.
Deposits from customers totalled €3,136.5 million at the end of September, up €111.6 million, or 3.7%, from the end of 2010. The Bank's market share in deposits from the non-banking sector remained flat at 12.9%. The ratio of net customer loans to customer deposits stood at 109.5% at the end of September (2010 year-end: 115.9%).
As of the end of September 2011, the Bank's total equity was €473.3 million, an increase of €98.1 million, or 26.1%, from the end of 2010. The total capital adequacy ratio of the Bank as of 30 September 2011 was 12.42%.
