May 21 (SeeNews) - Austria's Addiko Bank AG said the profit before tax of its Croatian unit fell 6% year-on-year to 10.9 million euro ($12.0 million) in the first quarter of 2020.
The bank's operating income dropped 10.7% to 20.9 million euro in January-March, while operating expenses narrowed to 12.1 million euro from 13.6 million euro, Addiko Bank said in its first-quarter financial report published on Tuesday.
Net interest income dropped 3.7% on the year to 15.7 million euro, while net fee and commission income edged down to 7.0 million euro from 7.1 million euro in the same period last year.
Moreover, net interest margin amounted 2.6% in the period under review, down 0.1 percentage point on the year.
The bank's total assets edged up to 2,429.9 million euro at the end of March, from 2,412.8 million euro at end-2019.
Addiko Bank AG runs units in five SEE countries - Slovenia, Croatia, Bosnia, Serbia and Montenegro.
($ = 0.911511 euro)
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