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RBI's after-tax profit in Albania falls 19% in H1 - table

Author Mario Tanev
RBI's after-tax profit in Albania falls 19% in H1 - table Author: RBI. Licence: All Rights Reserved.

TIRANA (Albania), 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)