Komercijalna Banka revising 2016 business plan

The Management Board of Belgrade’s Komercijalna Banka has scheduled a regular general meeting for December 1, and the agenda includes decisions pertaining to amendments to the business plan for the current year and the bank’s strategies and the business plan for the 2017-2019 period.

Shareholders or authorized persons holding at least 1% of shares on the date of November 21 will have the right to vote, Wisebroker reports.

The previous business plan projected a growth in assets of 1.2% and a profit of RSD 5.16 billion, certain to be amended considering the loss in the first six months of 2016.

Komercijalna Banka incurred a consolidated loss of RSD 2.7 billion in the first half of 2016, compared to the profit of RSD 703.4 million in the corresponding period of 2015.

The bank’s stock has increased by 1.6% YTD, and its market capitalization amounts to around RSD 28 billion (around EUR 228 million).

NLB Komercijalna banka AD Beograd

Komercijalna Banka general meeting

Komercijalna Banka results

Komercijalna Banka loss

Komercijalna Banka profit

Komercijalna Banka market capitalization