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Banks in Bosnia's Federation increase 9-mo net profit

Banks in Bosnia's Federation increase 9-mo net profit cozyta/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), December 22 (SeeNews) - The net profit of the banking sector in Bosnia's Federation rose to 264 million marka ($152.2 million/135 million euro) in the first nine months of 2021, compared with 151.2 million marka in the same period a year earlier, the entity's banking agency said.

The total revenue of the banks operating in the Federation increased by 5.4% year-on-year in the nine months through September, reaching 917.7 million marka, whereas total expenses came in at 650.8 million marka, down 9.5% on the year, the banking agency said in a report on Tuesday.

Net interest income fell to 521 million marka in January-September period from 523.7 million marka in the first nine months of 2020.

Total loans amounted to 16.1 billion marka at the end of September, up 5.7% from the end of December. Non-performing loans (NPLs) fell to 953.4 million marka in the first nine months of the year, some 3% lower from the end of 2020.

The total assets of the Federation's 15 banks rose to 25.5 billion marka at the end of September, up 4.5% from the end of 2020.

The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.

(1 euro = 1.95583 marka)

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