The Bank's total assets were €4,780.0 million at the end of September. As of 30 September 2011, the Bank's market share in terms of total assets was 9.7%, an increase of 0.1 percentage point from the beginning of the year. In the period from January through September 2011, the Bank generated net interest income of €76.3 million, which accounted for 71.0% of the annual projection.
The Bank's profit before provisions and impairment losses was €52.2 million, which made up 76.2% of the annual projection. With the economic recovery stagnating, the quality of the Bank's loan portfolio registered a further moderate deterioration, as a result of which the Bank had to recognise higher than projected provisions and impairment losses; these amounted to €45.2 million, or 82.1% of the annual projection.
Net loans and advances to customers totalled €3,433.6 million at the end of September, and OTP banka's market share in loans to the non-banking sector remained flat at 10.2%. As of the end of September 2011, the Bank's total equity was €473.3 million, an increase of €98.1 million, or 26.1%, from the end of 2010. The Bank’s total capital adequacy ratio was 12.42% at the end of September.
Upon today's release of preliminary results of operations, Matjaž Kovačič, President of OTP banka's Management Board, said: »Despite continuing adverse market conditions, both in Slovenia and globally, OTP banka delivered a net profit of €6.2 million. The Bank's market share in loans to the non-banking sector remained flat over the first nine months of 2011, which is an evidence of our ongoing support to the Slovene economy. OTP banka will be a strong partner of corporate customers also in the future«.
