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RBI's 9-mo after-tax profit in Kosovo falls 9.6% - table

RBI's 9-mo after-tax profit in Kosovo falls 9.6% - table

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
Operating income 41 39
After-tax profit 15 17
Loans 672 601
Deposits 825 682
Total assets 1,024 893 
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)