Profitability of banks in Slovenia accelerates further

Ljubljana, 18 July - Banks in Slovenia generated a pre-tax profit of EUR 437.7 million in the first five months of this year, 151.7% more than in the same period last year. Net profit was up 149.8% to EUR 384.4 million, the Bank of Slovenia reported on Tuesday. The year-on-year growth in profitability thus accelerated further amid favourable interest rate developments.