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Release of the Banks performance results for the nine months ended 30 September 2014

20. 11. 2014

In the nine months to September 2014 the Banks operating results improved compared to the same period last year.

The Banks operating profit for the period before impairments and provisions, and before tax, was up to EUR 8,755 thousand (1–9 2013: EUR 7,447 thousand).

After impairments and provisions profit before tax was also up compared to the same period last year, amounting to EUR 2,938 thousand. Profit after tax totalled EUR 2,433 thousand (1–9 2013: EUR 12 thousand).

Capital adequacy improved in the nine months of 2014 both at the level of the Bank and the DBS Group, totalling at the end of September 2014 10.42% and 10.72%, respectively (31 December 2013: 9.83% and 10.26%).

The Banks most important and stable source of funding, assets collected from the retail segment, increased by 11% in the nine months to September 2014. The amount of collected deposits and the good liquidity situation enabled the Bank to decrease its exposure to the banking sector. Total assets amounted to EUR 855,815 thousand at the end of September 2014. The optimised balance sheet structure resulted in an interest margin of 2.54%; the Bank has been reporting one of the best interest margins among Slovenian banks for quite a while.

Loans to corporate customers were slightly down in the nine months, with loans to retail customers up as much as 7%. Net impairments and provisions were down 22% compared to the same period last year, totalling EUR 5,817 thousand (1–9 2013: EUR 7,418 thousand).

Operating costs were under control in the nine months, having decreased by EUR 229 thousand from the same period last year.

The Banks performance results for the nine months ended 30 September 2014

Deželna banka Slovenije d. d.
Management Board