Operating profit increased by 4.2% to EUR 26.5m, while the group's cost/income ratio was down by 52.4%, said a press release on Tuesday.
Interest revenue was up by 7.5% to EUR 41m, while non-interest revenue decreased by 7.2% to EUR 14.7m. Provisions and impairments went up by 75% to EUR 3.7m.
The SKB Group, owned by Societe Generale, said that the results were the result of "strong commercial dynamics". The group encompasses the SKB Bank, SKB Leasing and SKB Leasing Select.
The bank increased its market share in loans by 0.2 percentage points to 10% since the end of 2017. The increase was driven by companies as well as households.
Moreover, the number of household accounts went up by 2.9%, while the bank's market share in housing loans climbed to 13.7%.
Financial leasing by SKB Leasing reached EUR 464.5m in the first half of the year, a 5.9% improvement over the end of 2017.
