BELGRADE (Serbia), November 14 (SeeNews) – Raiffeisen Bank International (RBI) recorded a net profit of 46 million euro ($52 million) from operations in Serbia in the first nine months of 2018, down 0.4% on the year, it said on Wednesday.
Raiffeisenbank Serbia generated an operating income of 111 million euro in the first nine months, an increase of 11.8% over the like period last year, RBI said in an interim financial report.
RBI's net fee and commission income from operations in Serbia rose by 11.2% to 34 million euro, while net interest income increased by 4.5% to 63 million euro.
The lender's non-performing loan (NPL) ratio in Serbia fell to 3.6% at the end of September, from 5.2% a year earlier.
The total assets of Raiffeisenbank Serbia rose by 8.7% year-on-year to 2.433 billion euro at the end of September.
RBI's Serbian unit had about 800,000 customers at end-September, up 5.1% year-on-year, and operated in 89 business outlets, versus 88 a year earlier.
($ = 0.885297 euro)
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