Bosnia's Federation banks 9-mo net profit up 47% y/y - prelim data

The total revenue of the banks based in the Federation increased by 9.9% year-on-year in the nine months through September, reaching 1.1 billion marka, whereas total expenses rose 2.5% to 717.9 million marka, the banking agency said in a report on Monday.

Net interest income totalled 672.5 million marka in the January-September period, up 28.3% compared with the first nine months of 2022.

Total loans amounted to 16.6 billion marka at the end of September, up from 16.5 billion marka at the end of 2022. Deposits came in at 23.6 billion marka at the end of the first nine months, up from 22.4 billion marka at the end of last year.

The total assets of the Federation's 14 banks rose to 28.6 billion marka at the end of September, up from 27.2 billion marka from the end of 2022.

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)