You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Federation banks Q1 net profit rises 3.7%

Bosnia's Federation banks Q1 net profit rises 3.7% UniCredit Romania

SARAJEVO (Bosnia and Herzegovina), June 24 (SeeNews) – The net profit of the banks operating in Bosnia's Federation rose 3.7% year-on-year in the first quarter of 2019, reaching 89.9 million marka ($52.3 million/46 million euro), the entity's banking agency, FBA, said.

The banks' net interest income edged down by 0.6% to 149.4 million marka in the period under review, FBA said in a report on the performance of the banking sector published on Friday.

The total operating income of banks in the Federation rose 3.6% on the year to 106.8 million marka in January-March, while operating costs increased 1.8% to 126 million marka.

The Federation banking sector's non-performing loan (NPL) ratio declined to 8.2% at the end of March, down 0.3 percentage points compared to the end-December figure.

The banks' total net assets increased to 22.5 billion marka as at end-March, up 1.6% compared to the end of 2018.

A total of 14 banks operated in the Federation at the end of March.

Mostar-based UniCredit Bank was the largest bank in the Federation in terms of assets at end-March, followed by Sarajevo-based Raiffeisen Bank and the Bosnian arm of Intesa Sanpaolo bank.

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

(1 euro = 1.95583 marka)