Komercijalna Banka a.d. Belgrade (KMBN)
​ Belgrade-based Komercijalna Banka (KMBN) reported huge RSD 5.7bn in its 1H17 pre-tax profit, which is much better versus RSD 2.6bn loss from 1H16, while only 2Q17 pre-tax profit arrived at RSD 3.2bn (versus RSD 4bn loss from 2Q16). Reason for such dramatic improvement at both 1H and 2Q level is an absence of high net provisioning and appearance of smaller amount of recoveries (RSD 72m in 1Q and RSD 154.5m in 2Q), as well as due to solid RSD 1.2bn gain on deferred taxes. On the other side, net interest income for 1H arrived at RSD 6.4bn, down 5.9% y/y, probably due to drop in credit activity and lowered interest rates. Net F&C income in the same period was up 1.9% y/y. The bank’s assets were down 6.5% YTD to RSD 374bn, due to drop in credit activity by 6.3%, while placements into financial instruments were reduced by 5.8% in the same period.
Founded in 2000, WISE Broker was one of the pioneers in the evolution of the Serbian financial market. Today, we are one of the leading brokerage institutions in Republic of Serbia.
Broker-dealer company Wise broker a.d. Belgrade has been incorporated in 2000 under the name of Senzal. In 2007, we became a member of KBC Group headquartered in Brussels when we changed our name into BDD KBC Securities a.d. Belgrade. Since July 2011, we have continued our activity as an independent investment company, providing financial services as WISE Broker .
Our team members have consistently taken leading positions in the most prominent investor surveys and provide the full range of investment services including trading, equity sales, market research, equity capital markets and corporate advisory. Strong sales and trading capabilities and global practices provide our clients with institutional and retail brokerage services. Our trading experts work closely with a range of investors from pension funds to hedge funds, providing an unparalleled view on the market. Global reach and sector specialists keep our clients well informed with unique access to information flows and perspectives. Longstanding ties with corporates allow us to offer insight and a high level of exposure to top company managements. We specialize in strategic and financial advice together with capital raising solutions for both private and listed companies. By growing partnerships, and working with these companies at all stages of their development, we’re able to help structure and execute the widest range of corporate finance solutions. WISEBroker equity research department provide insightful, objective and decisive research, designed to enable informed investment decisions. It is our task to understand industry dynamics, companies, their business segments and competitive position as to create valuable investment guidance.
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