Cacanska banka posts slightly decreased revenue for Q1 2014 - Profit at RSD 7.4 million

(Photo: Ivana Vuksa)

The Bank's revenue from interests in the given period totaled RSD 470.8 million, down by 1.1 percent, while the resulting profit grew 3.1 percent to RSD 281.1 million. The revenue from fees and commissions dropped 5.5 percent to RSD 145.8 million, pushing down the resulting profit by 8% to RSD 127.3 million. .

Earnings before tax (EBT) amounted to RSD 7.4 million, down 50 percent from the same period in 2013. Cacanska banka's assets at the end of March were at RSD 32.4 billion, dropping 4.3 percent since the beginning of this year.