Report
Vladan Pavlovic
EUR 11.40 For Business Accounts Only

Komercijalna banka (KMBN)

​Belgrade-based lender Komercijalna Banka (KMBN) announced a RSD 8.06bn loss for 2016, due to new round of net provisioning which amounted to RSD 14.9bn (up 14.6% y/y). A core business of this state-run bank brought stable financial results. Net interest income for FY 2016 arrived at RSD 13.5bn, almost flat y/y, while net F&C income came in at RSD 4.8bn, down 1.7% y/y.The bank’s assets grew 2.1% in 2016 to RSD 400bn. Earlier this year, management of Komercijalna said the bank is set to return to profit in 2017 after cleaning up its bad loans.

Underlying
Komercijalna banka a.d. , Beograd

Provider
BDD Wise broker
BDD Wise broker

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Analysts
Vladan Pavlovic

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