Results Exceeded Our Expectations
Diplomacy and Commerce|May 2018
Results Exceeded Our Expectations

In 2017 Jubmes bank significantly exceeded its targets in terms of profitability, deposit potential and placements to clients’ growth. Substantial profitability growth is expected also for the year 2018

Miloš Vujnović, CEO at JUBMES Banka a.d. Beograd took up the leading position in the Executive Board at the time when JUBMES banka was operating in difficult conditions, but managed to reverse the trend.

Are you satisfied with the business results achieved in 2017 and what are the expected trends in 2018?

 I am very satisfied with the results achieved in 2017 and the continuity of the positive trend in operating business, established in the last two years. The results achieve indicate a significant improvement in Bank’s financial situation, which is reflected in high growth of balance sheet amount of 25,5%, further growth of placements to active clients exceeding 46%, interest income growth of 13.2%, as well as in further decrease of non-performing loans participation in Bank’s portfolio to the 5.1% level, which is significantly under the Serbian banking sector’s average.

I am especially proud of depositor’s increasing confidence in the Bank, resulting in 92.5% savings deposits growth, bringing them to the historically highest level.

The focus of activity over the past two years has been to attract new clients and expand the loan portfolio. Total cumulative growth of placements to active clients realized in this period is approx. 250%, reaching also the historically highest level.

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May 2018