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