November 29, 2017 / 6:11 PM / 19 days ago

Slovenia's NLB bank doubles Jan-Sept net profit

LJUBLJANA, Nov 29 (Reuters) - Slovenia’s largest bank Nova Ljubljanska Banka (NLB) reported a group net profit of 184 million euros ($218.10 million) in the first nine months of 2017 compared with 91.5 million a year earlier, partly due to profits from its units in the Balkans.

The state-owned bank also said in a statement on Wednesday that it cut the amount of bad loans to 11.9 percent of all loans from 12.6 percent at the end of June.

$1 = 0.8437 euros Reporting by Marja Novak; Editing by Edmund Blair

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