TOP 100 banks is a ranking of the largest banks in Southeast Europe in terms of total assets from non-consolidated balance sheets as of December 31, 2011.
To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2011 and 2010, respectively. Local currency figures have been used when calculating year-on-year changes.
All data is sourced from central banks, national commercial registers, financial supervision commissions, bank associations, government and corporate websites, and companies themselves.
The initial pool of companies exceeds 240 banks registered in the region including branches and representative offices of foreign banks. 40% to 956.3 million euro last year but its profit shrank to 3.2 million from 13.2 million euro in 2010. The bank is 99.97%-owned by the state.
Slovenia’s Hypo Alpe-Adria-Bank d.d. was the biggest decliner, sliding 28 places in the ranking to the 37th position. Its assets fell some 10% while its net loss rose by 2.1% to 26.9 million euro. The bank said that the fall in assets was a result of the transfer of a portion of non-banking sector loans to an enterprise in the group while its loss was largely due to a 23% increase in loan impairments.
There were 241 active banks in SEE at the end of 2011, up from 238 a year earlier.