April 13, 2018 / 11:16 AM / 11 days ago

Slovenian bank NLB's 2017 net profit doubles

LJUBLJANA, April 13 (Reuters) - Slovenia’s largest bank Nova Ljubljanska Banka (NLB), which is due to be privatised later this year, made a group net profit of 225.1 million euros ($277.26 million) in 2017 versus 110 million a year before, partly due to a drop in bad loans.

NLB said bad loans fell to 9.2 percent of all loans by the end of 2017 from 13.8 percent a year before.

$1 = 0.8119 euros Reporting By Marja Novak. Editing by Jane Merriman

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