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Nov 14, 2017 12:24 EEST
November 14 (SeeNews) - Raiffeisen Bank International (RBI) said on Tuesday the after-tax profit of its Bulgarian unit fell 7.3% year-on-year to 60 million euro ($70.3 million) in the first nine months of 2017.
RBI’s net interest income in Bulgaria fell by an annual 5.2% to 80 million euro in the review period, while the net fee and commission income rose 8.4% to 34 million euro, figures from RBI’s interim financial report showed.
The general administrative expenses of Raiffeisenbank (Bulgaria) rose 4.9% year-on-year to 66 million euro in the January-September period.
The total assets of RBI’s Bulgarian unit increased 7.9% on the year to 3.61 billion euro at the end of September.
Following are details of RBI's performance in Bulgaria (in millions of euro unless otherwise stated):
Raiffeisenbank (Bulgaria) had 612,974 customers at end-September, down 4.6% year-on-year. The lender operated 137 business outlets in the country, down from 149 a year earlier.
($ = 0.8533 euro)
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