31 July 2023
Financial results
- Loans to individuals and micro customers declined slightly, by 0.8% relative to the end of 2022, and amount to 109.82 billion dinars at the end of Q2 2023; deposits of individuals and micro customers increased by 2.6% to 135.68 billion dinars.
- Corporate loans went up by 5.6% relative to the end of 2022 and amount to 117.83 billion dinars; corporate deposits rose by 8.4% to 102.81 billion dinars.
- Net interest income increased by 42.8% relative to the same period of the previous year to 6.87 billion dinars while net fee and commission income went up by 8.0% to 1.72 billion dinars.
- Net result amounts to 3.22 billion dinars at the end of Q2 2023, up by 86.0% relative to the same period of 2022 owing to the strong growth of the operating result.
- Total assets increased by 2.8%, from 352 billion dinars at the end of 2022 to 362 billion dinars.
- NPL ratio is 2.6% at the end of Q2 2023.
"For us, it is particularly important that the continuously good and stable result we recorded was in the quarter during the transition to our new information system. Having entered a new chapter of our Bank's development, we will continue to grow together with the market, constantly improving our products and services so that we could provide comprehensive support to our clients in achieving their financial needs and goals. In other words, the implementation of the new IT system is the basis for our Bank’s complete digital transformation in the coming period. Outstanding client experience remains our strategic goal, and through digitalization we will strive to maximize and improve the availability of our products and services, while at the same time optimizing all processes", said Jasna Terzić, CEO of Erste Bank a.d. Novi Sad.