SARAJEVO (Bosnia and Herzegovina), May 31 (SeeNews) – The banking sector of Bosnia's Federation ended the first quarter of 2017 with a net profit of 78.8 million marka ($45.1 million/40.3 million euro), the entity's banking agency has said.
It provided no comparative figure.
"The banking sector remained stable, adequately capitalized, with liquidity at a satisfactory level", the Federation banking agency said in a statement earlier this week.
The banking sector's balance at end March was 18.5 billion marka, a slight increase of 0.7% or 122 million compared to the end-2016 level.
Loans, as the largest contributors to the banks' assets, recorded a growth of 2.3% from end-2016 to 12.6 billion marka on March 31. Loans to private companies expanded 3.2% to 5.9 billion marka, while loans to citizens increased 1.1% to 6 billion marka.
The ratio of non-performing loans dropped from 11.7% of all loans at end-2016 to 11.4% on March 31.
The Federation is one of two entities that make up Bosnia and Herzegovina, the other is the Serb Republic.
(1 euro=1.95583 marka)