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Net profit of banks in Bosnia's Serb Republic flat y/y in Q1

Jun 7, 2024, 1:45:43 PMArticle by Dragana Petrushevska
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June 7 (SeeNews) - The combined net profit of the banking sector in Bosnia's Serb Republic came in at 55.5 million marka ($30.9 million/28.4 million euro) in the first quarter of 2024, unchanged compared with the same period a year earlier, the entity's banking agency figures showed on Friday.

Net profit of banks in Bosnia's Serb Republic flat y/y in Q1

The combined revenue of the eight banks operating in the entity increased by 18% on the year to 172.3 million marka, whereas total expenses were 31% higher at 111.7 million marka in the first quarter, according to preliminary data published by the Banking Agency of Bosnia's Serb Republic.

Net interest income rose to 113.7 million marka in the first quarter of 2024 from 93.5 million marka in the like period of last year.

Total loans amounted to 6.09 billion marka at the end of March, up from 6.06 billion marka at the end of 2023. Deposits rose to 8.02 billion marka from 7.74 billion marka three months earlier.

The total net assets of the banks operating in the Serb Republic went up to 10.4 billion marka at the end of March, from 10.03 billion marka at the end of 2023.

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

(1 euro = 1.956 marka)

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