Growth of Jubmes Bank profit in first quarter of 2017 – Three month profit at RSD 28.7 million

Jubmes Bank Belgrade recorded a growth of profit in the January-March period, primarily on the strength of recoveries.

Jubmes had a slight growth of net interest income of 4.7% to RSD 87.2 million, whereas the F&C net income dropped by 11.9% to RSD 21.6 million. The bank also reported RSD 41 million in recoveries, which is much better versus RSD 36.4 million provisioned in 2016.

The net profit was four time higher y/y, amounting to RSD 28.7 million.

Jubmes' assets amounted to RSD 10.2 billion at the end of March, a growth of 8.9% YTD. The bank's stock is the top gainer in 2017, with a growth of 63.7%, Wisebroker reports.

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