Ljubljana, 13 August (STA) - Banks in Slovenia generated EUR 496.2 million in net profit in the first half of 2024, a 6.3% increase compared to the same period last year. While net interest income continued to grow, non-interest income declined. Additionally, there was a continued increase in the formation of net impairments and provisions.
From January to June, banks' pre-tax profits rose by 6.8%, reaching EUR 569.4 million. Net interest income increased by 20.3% to EUR 796 million, while non-interest income decreased by 1.1% to EUR 313.7 million, according to a report published by the Bank of Slovenia on Tuesday.
Gross income grew by 13.4% to EUR 1.11 billion. Operating expenses increased by 19.1% year-on-year, amounting to EUR 505.7 million. Banks set aside EUR 34.5 million in net impairments and provisions, which is a 64.6% increase compared to the same period last year.
Banks slightly expanded their lending to the non-banking sector. The year-on-year growth of loans to the non-banking sector was 1% in June. Household loans increased by 5.5%, with housing loans up by 2% and consumer loans rising by 16.7%. On the other hand, loans to companies decreased by 4.5%.
Deposits from the non-banking sector increased by 2.4% year-on-year. Household deposits grew by 2.5%, while corporate deposits increased by 8.2%. In June, corporate deposits decreased by 1.7%, while household deposits increased by the same percentage.
