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RBI's 9-mo after-tax profit in Albania drops 14.4% - table

RBI's 9-mo after-tax profit in Albania drops 14.4% - table Raiffeisen Bank Romania

TIRANA (Albania), November 14 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday the after-tax profit of its Albanian unit fell to 23 million euro ($25.3 million) in the first nine month of 2019, from 27 million euro in the like period of last year.

Net interest income rose 5.5% year-on-year to 43 million euro, while net fee and commission income fell 3.0% to 12 million euro, RBI said in an interim financial report.

Operating income rose 10.2% to 59 million euro.

The non-performing exposure (NPE) ratio of RBI in Albania decreased to 5.6%, from 6.5%.

The group's total assets in Albania increased 2.4% year-on-year to 1.8 billion euro in the first nine months.

Following are details on RBI's performance in Albania (in millions of euro unless otherwise stated):

  Jan-Sept'19 Jan-Sept'18
Net interest income 43  41
Net fee and commission income 12 13
Operating income 59 53
After-tax profit 23 27
Loans 773  683
Deposits 1.521 bln 1.495 bln
Total assets 1.818 bln  1.775 bln
NPE ratio 5.6% 6.5%

The number of RBI business outlets in Albania remained unchanged at 78 as at the end of September.

($ = 0.90831 euro)

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