Nova Kreditna Banka Maribor (KBMR) d.d., Slovenia’s largest publicly traded bank, said profit in the first quarter plunged 72 percent from a year ago as the bank set aside more provisions to cover bad loans.
Net income dropped to 1.4 million euros ($1.8 million) from 5.1 million euros, the Maribor-based bank said in a regulatory filing today.
Nova Kreditna last year reported a loss of 81 million euros, the first since the lender sold shares to the public in 2007.
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