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RBI after-tax profit in Albania more than doubles in 2021

Feb 2, 2022, 12:35:23 PMArticle by Dragana Petrushevska
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February 2 (SeeNews) - Raiffeisen Bank International (RBI) said on Wednesday that its after-tax profit from operations in Albania more than doubled to 29 million euro ($32.8 million) in 2021, from 12 million euro booked the year before.

RBI after-tax profit in Albania more than doubles in 2021
Raiffeisen Bank Romania; Author: Raiffeisen Bank License: all rights reserved.

Net interest income added 4.4% year-on-year to 55 million euro in 2021, while net fee and commission income increased 34.3% to 16 million euro, RBI said in an annual financial report.

Operating income totalled 75 million euro in the period under review, up 7.6% on the year, while general administrative expenses were 2.8% higher at 40 million euro.

At the same time, impairment losses on financial assets came in at a positive 6 million euro in 2021, compared with negative 10 million euro in 2020.

($ = 0.8851 euro)

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