Strong growth of profitability of Halkbank in three months of 2017 – First quarter profit at RSD 104.4 million

Halkbank Belgrade has published non-audited results for the first quarter, which show a strong growth of profitability in the bank's core business.

The net interest income rose by 31.7% to RSD 357.3 million in the January-March period, whereas the net F&C income grew by 5% to RSD 133 million. Nevertheless, the bank's end result was halved, amounting to RSD 104.4 million, as a result of lower recoveries and an increase in other expenditures.

Halkbank's assets grew by 11.6% YTD to RSD 35.7 billion.

At the current price of RSD 9,000, the bank's market capitalization amounts to RSD 3.1 billion (EUR 24.9 million), including priority shares, Wisebroker reports.

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