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Net profit of banks in Bosnia's Serb Republic up 22% y/y in H1

Net profit of banks in Bosnia's Serb Republic up 22% y/y in H1 Capricorn Studio/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), August 16 (SeeNews) - The combined net profit of the banking sector in Bosnia and Herzegovina's Serb Republic rose 22% on the year to 78.3 million marka ($40.5 million/40 million euro) in the first half of 2022, the entity's banking agency figures showed on Tuesday.

The combined revenue of the eight banks operating in the entity increased by an annual 9% to 261.5 million marka in the period under review, whereas total expenses grew 4% to 177 million marka, according to preliminary data published by the Banking Agency of Bosnia's Serb Republic.

Net interest income rose to 158.3 million marka in the first half of 2022 from 148.8 million marka in the like period of last year.

Total loans amounted to 5.78 billion marka at the end of June, up 1% from the end of 2021. Deposits totalled 7.115 billion marka, down 5% compared with the end-2021 figure.

The total net assets of the banks operating in the Serb Republic declined to 9.27 billion marka at the end of June, 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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