Bosnia's NLB Banka Sarajevo net profit up 47% y/y in Q1

Net interest income rose 27.3% year-on-year to 14 million marka in January-March, while net fee and commission income increased 9.6% to 6 million marka, the bank said in a filing with the Sarajevo Stock Exchange.

NLB Banka is based in Sarajevo, in the Federation entity.

Bosnia and Herzegovina is made up of two autonomous entities - the Federation and the Serb Republic. NLB has another subsidiary in Bosnia, NLB Razvojna Banka, which is based in the Serb Republic.

(1 euro = 1.956 marka)