March 21 (SeeNews) - The combined net profit of the banking sector in Bosnia and Herzegovina's Serb Republic rose 13% on the year to 139.3 million marka ($76.4 million/71.2 million euro) in 2022, the entity's banking agency figures showed.
The combined revenue of the eight banks operating in the entity increased by an annual 10% to 549.2 million marka in the year under review, whereas total expenses grew 6% to 396.3 million marka, according to preliminary data published by the Banking Agency of Bosnia's Serb Republic on Monday.
Net interest income rose by 12% on the year to 279.2 million marka in 2022.
Total loans amounted to 5.79 billion marka at the end of 2022, up from 5.71 billion marka from the end of 2021. Deposits totalled 7.56 billion marka, up 1% compared with the end-2021 figure.
The total net assets of the banks operating in the Serb Republic rose to 9.76 billion marka at the end of 2022, from 9.55 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)