BELGRADE (Serbia), November 14 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday its after-tax profit from operations in Serbia fell 7.7% year-on-year to 42 million euro ($46.2 million) in the first nine months of 2019.
Raiffeisenbank (Serbia) generated an operating income of 113 million euro in the first nine months, up 2.5%, RBI said in an interim financial report.
Net fee and commission income from operations in Serbia rose by 12.6% to 38 million euro, while net interest income grew by 4.7% to 66 million euro.
The lender's non-performing exposure (NPE) ratio in Serbia was 1.9% at the end of September. The coverage ratio of NPE was 75.3%.
The total assets of Raiffeisenbank (Serbia) rose by 13.4% year-on-year to 2.758 billion euro at the end of September.
Following are details of RBI's performance in Serbia (in millions of euro unless otherwise stated):
|
9-mo'19 |
9-mo'18 |
y/y pct change |
Net interest income |
66 |
63 |
4.7% |
Net fee and commission income |
38 |
34 |
12.6% |
Operating income |
113 |
111 |
2.5% |
After-tax profit |
42 |
46 |
-7.7% |
Operating profit |
54 |
53 |
0.1% |
Loans |
1.513 bln |
1.287 bln |
17.6% |
Deposits |
2.102 bln |
1.814 bln |
15.9% |
Total assets |
2.758 bln |
2.433 bln |
13.4% |
Net interest margin |
3.81% |
4.01% |
- 0.21 pp |
($ = 0.909506 euro)
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