August 9 (SeeNews) - Raiffeisen Bank International's (RBI) profit after taxes from operations in Albania declined by 19% year-on-year to 19 million euro ($22 million) in the first half of 2018, the lender said on Thursday.
RBI's operating income in Albania decreased by an annual 6.6% to 33 million euro in the first six months of the year, RBI said in an interim financial statement.
The lender's net interest income in the country fell 4.8% on the year for 27 million euro in the review period, while its net fee and commission income increased 11.6% to 8 million euro.
The general administrative expenses of RBI's Albanian unit rose by an annual 1.7% to 21 million euro in January-June.
The bank's non-performing loan (NPL) ratio in Albania was 15.7% at the end of June, compared to 18.5% at the end of June 2017.
Following are details of RBI's performance in Albania (in millions of euro unless otherwise stated):
|
H1'18 |
H1'17 |
% change |
Net interest income |
27 |
28 |
-4.8 |
Net fee and commission income |
8 |
7 |
11.6 |
Operating income |
33 |
35 |
-6.6 |
Operating profit |
11 |
14 |
-19.3 |
Profit after tax |
19 |
24 |
-19.0 |
Loans |
667 |
671 |
-0.6 |
Deposits |
1,531 |
1,593 |
-3.9 |
Total assets |
1,872 |
1,928 |
-2.9 |
RBI's Albanian unit operated 78 business outlets in the country at the end of June, down by 1 compared to June 2017.
($ = 0.8625 euro)
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