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RBI's 9-mo net profit in Bosnia shrinks 28% - table

Nov 14, 2019, 12:01:30 PMArticle by Stefan Radulovikj
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SARAJEVO (Bosnia and Herzegovina), November 14 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday it recorded an annual drop of 27.8%, to 26 million euro ($28.6 million), in its net profit from operations in Bosnia and Herzegovina in the first nine months of 2019.

RBI's 9-mo net profit in Bosnia shrinks 28% - table
Author: Radomir Ralev

RBI generated an operating income of 85 million euro in Bosnia and Herzegovina in January-September, up 3.7% on the year-earlier figure, it said in an interim financial report.

Net interest income grew by 2% to 51 million euro, while net fee and commissions income rose by 3.3% to 31 million euro.

RBI's non-performing loan (NPL) ratio in Bosnia and Herzegovina decreased to 3.6% at the end of September, from 4.3% a year earlier.

The total assets of RBI in Bosnia increased by 10.5% year-on-year to 2.440 billion euro at the end of September.

Following are details of RBI's performance in Bosnia and Herzegovina (in millions of euro):

  Jan-Sept '19 Jan-Sept '18 % change
Net interest income 51 50 2.0
Net fee and commission income 31 30 3.3
Operating income 85 82 3.7
Operating profit 42 43 -2.3
Net profit  26 36 -27.8
Loans 1,329 1,242 7.0
Deposits 1,897 1,764 7.5
Assets 2,440 2,208 10.5

RBI's Bosnian unit had about 400,000 customers at end-September, unchanged year-on-year, and operated in 103 business outlets, up by one compared to a year earlier.

($ = 0.884872 euro)

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