SID Bank Increases Pre-Tax Profit in 2011

Ljubljana, 15 March - The state-owned export and development bank SID posted EUR 7.5m in pre-tax profits in 2011, up from EUR 7.2m a year before. Profits from net interest rose to EUR 54.4m, up from EUR 40.1m, while total assets increased by 3.43% to about EUR 4bn.