Bad bank ups pre-tax profit by 57% to EUR 63m last year

Ljubljana, 21 April - The Bank Assets Management Company (BAMC) finished last year with EUR 178.4 million in revenue from asset management and a pre-tax profit of EUR 63.2 million, up by 57% year-on-year. The average annual return on equity, whose target value under law is set at 8%, reached 25%, BAMC management said in the annual report issued on Wednesday.