SARAJEVO (Bosnia and Herzegovina), August 12 (SeeNews) – Bosnia's Sberbank BH, a unit of Austria-based Sberbank Europe, said on Wednesday its net profit plummeted 81.8% year-on-year to 1.1 million marka ($663,000/562,000 euro) in the first half of 2020.
Net interest income fell 9% on the year to 16.8 million marka in the first six months, while net fee and commission income decreased to 10.5 million marka from 12.6 million marka, Sberbank BH said in a financial statement filed with the Sarajevo Stock Exchange (SASE).
Sberbank BH is based in Sarajevo, in the Federation - one of 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.
Vienna-headquartered Sberbank Europe is a banking group wholly-owned by Sberbank Russia.
(1 euro = 1.95583 marka)