Bosnia's Federation banks Q1 net profit up 34% y/y

Net interest income totalled 219.9 million marka in the January-March period, up 7.5% compared with the first three months of 2023, the banking agency said in a report last week, citing preliminary data.

Total loans amounted to 17.1 billion marka at the end of March, up from 17 billion marka at the end of 2023. Deposits came in at 23.4 billion marka at the end of the first quarter, down from 23.9 billion marka at the end of last year.

The total assets of the Federation's 13 banks rose to 29.4 billion marka at the end of March, up from 29 billion marka from the end of 2023.

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

(1 euro = 1.956 marka)