Komercijalna Banka incurs loss of RSD 1.8 billion in third quarter – Income increases to RSD 5.6 billion

Komercijalna Banka had a net income of RSD 5.6 billion at the end of the third quarter, an increase of 11% compared to 2015. This is the result before the correction of the credit portfolio.

Savings deposits amounted to EUR 1.59 billion, a growth of EUR 15.5 million compared to late 2015, thanks to which the bank has remained the top bank in the Serbian market regarding the volume of citizen savings.

The bank's capital adequacy ratio stands at 23.06%, far above the regulatory limit prescribed by the National Bank of Serbia (12%), and places Komercijalna Banka second regarding the amount of share capital.

Due to increased expenditures related to net provisioning, Komercijalna Banka incurred a loss of RSD 1.8 billion in the third quarter of 2016.

The reserves from profit for estimated losses on assets and off balance sheet items amount to RSD 18.8 billion, which is RSD 5.7 billion more than reserves required by the NBS regulations, which equal RSD 13.1 billion.

All operating parameters of Komercijalna Banka are above the limits prescribed by the Law on Banks. The bank has also met all its obligations, which is a reliable indicator of stable and steady operations, the bank's report states.

NLB banka AD Beograd

Narodna banka Srbije Beograd

Komercijalna Banka income

Komercijalna Banka profit

Komercijalna Banka loss

saving at Komercijalna Banka

capital adequacy ratio

NBS