SID Bank's Profit Down in 2012

Ljubljana, 15 March - The state-owned SID export and development bank generated EUR 5m in net profit in 2012, which is almost 22% less than the year before. The results were chipped off especially by the last quarter, when the bank generated a loss of almost EUR 4.8m. Impairments and provisions almost doubled in 2012 to some EUR 79.5m.