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Net profit of banks in Bosnia's Serb Republic rises 23% y/y in Q1

Author Radomir Ralev
Net profit of banks in Bosnia's Serb Republic rises 23% y/y in Q1 Ken Teegardin/CC BY-SA 2.0

SARAJEVO (Bosnia and Herzegovina), May 25 (SeeNews) - The combined net profit of the banking sector in Bosnia's Serb Republic rose 22.9% on the year to 38.7 million marka ($21.1 million/19.8 million euro) in the first quarter of 2022, the entity's banking agency figures showed.

The combined revenue of the eight banks operating in the entity increased by 9.4% to 128.4 million marka, whereas total expenses grew 3.3% to 86.5 million marka, according to preliminary data published by the Banking Agency of Bosnia's Serb Republic last week.

Net interest income rose to 78.6 million marka in the first quarter of 2022 from 72.9 million marka in the like period of last year.

Total loans amounted to 5.746 billion marka at the end of March, up 0.7% from the end of 2021. Deposits totalled 7.002 billion marka, down 7% compared with the end-2021 figure.

The total net assets of the banks operating in the Serb Republic declined to 9.105 billion marka at the end of March, from 9,551 billion marka at the end of 2021.

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

(1 euro = 1.95583 marka)

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