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RBI's 9-mo after-tax profit in Serbia declines - table

Author Radomir Ralev
RBI's 9-mo after-tax profit in Serbia declines - table Source: Raiffeisen Bank International

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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