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PRISTINA (Kosovo), November 14 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday the after-tax profit of its Kosovo unit decreased 9.6% year-on-year to 15 million euro ($16.5 million) in the first nine months of 2019.
RBI's Kosovo unit recorded an operating income of 41 million euro in January-September, up from 39 million euro in the like period of 2018, RBI said in an interim financial report.
Raiffeisen Bank Kosovo's net fee and commission income fell 7.0% to 8 million euro in the review period, whereas net interest income increased by 7.4% to 33 million euro.
General administrative expenses grew 13.0% to 22 million euro.
Total assets increased 14.6% to 1.024 billion euro.
Following are details on RBI’s performance in Kosovo (in millions of euro unless otherwise stated):
|Jan-Sept '19||Jan-Sept '18|
|Net interest income||33||30|
|Non-performing exposure (NPE) ratio||1.6%||3.1%|
Raiffeisen Bank Kosovo operated 48 business outlets in the first nine months, unchanged from a year earlier.
($ = 0.90831 euro)