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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 ($22 million) in the first half of 2018, the lender said on Thursday.
RBI's operating income in Albania decreased by an annual 6.6% to 33 million euro in the first six months of the year, RBI said in an interim financial statement.
The lender's net interest income in the country fell 4.8% on the year for 27 million euro in the review period, while its net fee and commission income increased 11.6% to 8 million euro.
The general administrative expenses of RBI's Albanian unit rose by an annual 1.7% to 21 million euro in January-June.
The bank's non-performing loan (NPL) ratio in Albania was 15.7% at the end of June, compared to 18.5% at the end of June 2017.
Following are details of RBI's performance in Albania (in millions of euro unless otherwise stated):
|Net interest income||27||28||-4.8|
|Net fee and commission income||8||7||11.6|
|Profit after tax||19||24||-19.0|
RBI's Albanian unit operated 78 business outlets in the country at the end of June, down by 1 compared to June 2017.
($ = 0.8625 euro)