Raiffeisenbank (Serbia) generated an operating income of 113 million euro in the first nine months, up 2.5%, RBI said in an interim financial report.
Net fee and commission income from operations in Serbia rose by 12.6% to 38 million euro, while net interest income grew by 4.7% to 66 million euro.
The lender's non-performing exposure (NPE) ratio in Serbia was 1.9% at the end of September. The coverage ratio of NPE was 75.3%.
The total assets of Raiffeisenbank (Serbia) rose by 13.4% year-on-year to 2.758 billion euro at the end of September.
Following are details of RBI's performance in Serbia (in millions of euro unless otherwise stated):
9-mo'19 | 9-mo'18 | y/y pct change | |
Net interest income | 66 | 63 | 4.7% |
Net fee and commission income | 38 | 34 | 12.6% |
Operating income | 113 | 111 | 2.5% |
After-tax profit | 42 | 46 | -7.7% |
Operating profit | 54 | 53 | 0.1% |
Loans | 1.513 bln | 1.287 bln | 17.6% |
Deposits | 2.102 bln | 1.814 bln | 15.9% |
Total assets | 2.758 bln | 2.433 bln | 13.4% |
Net interest margin | 3.81% | 4.01% | - 0.21 pp |
($ = 0.909506 euro)