SARAJEVO (Bosnia and Herzegovina), August 18 (SeeNews) – Bosnia's Sberbank BH, a unit of Austria-based Sberbank Europe, said on Friday its first half net profit dropped sharply to 4.0 million marka ($2.4 million/2.0 million euro) from 7.0 million marka in the same period last year.
Net interest income rose 3.1% on the year to 19.1 million marka in the first six months, while net fee and commission income declined to 8.0 million marka from 9.6 million marka, Sberbank BH said in an income statement.
The bank's net assets totalled 1.4 billion marka at the end of June.
Sberbank BH is based in Sarajevo, in the Federation - one of the two autonomous entities that make up Bosnia.
Sberbank Europe operates another unit - Sberbank a.d. Banja Luka - in the country's other autonomous entity, the Serb Republic.
(1 euro=1.95583 Bosnian marka)