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Bosnia's Federation banks end 2017 with higher net profit

Bosnia's Federation banks end 2017 with higher net profit Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SARAJEVO (Bosnia and Herzegovina), May 16 (SeeNews) – The banking sector of Bosnia's Federation ended 2017 with a net profit of 247.3 million marka ($149.1 million/126.4 million euro), up 16.8% on 2016, the entity's banking agency has said.

The banking sector's total interest income and similar income reached 754.5 million marka in 2017, compared to 752.2 million marka a year earlier,  the Federation banking agency said in a statement on Tuesday.

Total operating income rose 10.3% to 421.5 million marka at the end of December.

Loans recorded an annual growth of 7.4% to 13.2 billion marka last year. Loans to private companies expanded 9% to 6.3 billion marka, while loans to citizens increased 6% to 6.4 billion marka.

The ratio of non-performing loans dropped from 11.7% of all loans at the end of 2016 to 9.7% on December 31, 2017.

The total capital of the 15 commercial banks operating in the Federation at the end of 2017, reached 2.9 billion marka, up 5.8% on the year.

The combined net assets of the 15 banks increased to 20.2 billion marka, from 18.4 billion marka at the end of 2016.

The Federation is one of two entities that make up Bosnia and Herzegovina, the other is the Serb Republic.

(1 euro=1.95583 marka)

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