Business - Economy

Slovenia: SID Bank With Declining Profits

Published: March 18, 2014; 17:57 · (Vindobona)

The public export and development bank of Slovenia, SID, sees shrinking profits.

Profits saw a small decline for the Slovenian public export and development bank. / Picture: © Flickr

According to a financial report at the website of Ljubljana Stock Exchange, the interest revenues of the bank dropped from € 63.1m in 2012 to € 52.5m in 2013. Profits declined from € 5m to € 4.9m in the same period.

Total assets shrank by 7.4 percent to € 3.8bn. However, the group around the bank increased profits by even one thrid to € 10m this year.

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Slovenia: SID Bank With Declining Profits

The public export and development bank of Slovenia, SID, sees shrinking profits.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.