BELGRADE (Serbia), March 18 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday its after-tax profit from operations in Serbia fell 7.0% to 53 million euro ($58.3 million) in 2019.
Raiffeisenbank (Serbia) generated an operating income of 149 million euro in 2019, up 1.4%, RBI said in an interim financial report.
Net fee and commission income from operations in Serbia rose by 13.3% to 51 million euro, while net interest income grew by 3.5% to 88 million euro.
The lender's non-performing exposure (NPE) ratio in Serbia was 1.9% at the end of December. The coverage ratio of NPE was 72.0%.
The total assets of Raiffeisenbank (Serbia) rose by 11.6% year-on-year to 2.789 billion euro at the end of December.
Following are details of RBI's performance in Serbia (in millions of euro unless otherwise stated):
|
2019 |
2018 |
y/y pct change |
Net interest income |
88 |
85 |
3.5% |
Net fee and commission income |
51 |
45 |
13.3% |
Operating income |
149 |
147 |
1.4% |
After-tax profit |
53 |
57 |
-7.0% |
Operating profit |
66 |
68 |
-2.9% |
Loans |
1.567 bln |
1.354 bln |
15.7% |
Deposits |
2.166 bln |
1.935 bln |
11.9% |
Total assets |
2.789 bln |
2.498 bln |
11.6% |
Net interest margin |
3.76% |
3.99% |
-0.25 pp |
($ = 0.908989 euro)
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