SARAJEVO (Bosnia and Herzegovina), September 19 (SeeNews) – The banking sector of Bosnia's Federation booked a profit of 174.8 million marka ($104.5 million/89.4 million euro) in the first half of 2018, up 15.2% on the year, data from the entity's banking agency shows.
All 15 banks operating in the Federation saw positive results in the first half of the year, with their combined net assets reaching 21.1 billion marka, up 4% compared to end-2017, the data revealed.
Total revenue of the banking sector edged up 0.1% on the year to 586.4 million marka, while total costs dropped 5% to 411.5 million marka.
Total loans rose 5% compared to December 31 to 13.8 billion marka, while non-performing loans dropped to 9% from 9.7%.
The Federation is one of two entities that make up Bosnia and Herzegovina, the other is the Serb Republic.
(1 euro=1.95583 marka)