May 27 (SeeNews) - Bank of China's Serbian unit, established in January 2017, recorded an after-tax loss of 21.5 million dinars ($200,400/182,800 euro) in the first quarter of 2020, versus a loss of 5.4 million dinars in the like period of last year.
Bank of China Serbia a.d. Beograd recorded a net interest income of 17.3 million dinars in the period under review, down from 80.4 million dinars in January-March 2019, according to the interim unaudited financial statement of the bank posted on its corporate website.
In January 2017, Bank of China appointed former NBS governor Dejan Soskic and former Serbian economy minister Zeljko Sertic as management board members of Bank of China Serbia a.d. Beograd. Slavisa Aleksic, former manager at Findomestic Banka and Astra Banka, was appointed as executive board member.
Bank of China Hungary owns the entire capital of Bank of China Serbia a.d. Beograd. The Serbian unit of Bank of China supports Chinese and Serbian companies jointly entering third markets and also offers services to retail customers.
(1 euro = 117.593 dinars)