RBI's 9-mo after-tax profit in Serbia more than doubles

Raiffeisen Bank Serbia’s operating income rose to 289 million euro in the nine months through September from 171 million euro in the like period of last year, RBI said in an interim financial report.

RBI's net interest income from operations in Serbia grew to 197 million euro from 96 million euro, while net fee and commission income rose to 78 million euro from 64 million euro.

General administrative expenses were 11.5% higher year-on-year at 87 million euro in the first nine months of 2023.

($ = 0.9325 euro)