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RBI's after-tax profit in Albania rises 89% in 2023

Jan 31, 2024, 3:32:33 PMArticle by Genta Hodo
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January 31 (SeeNews) - Raiffeisen Bank International (RBI) said on Wednesday that its after-tax profit from operations in Albania rose to 60 million euro ($65 million) in 2023, up from a profit of 32 million euro last year.

RBI's after-tax profit in Albania rises 89% in 2023

Net interest income rose 59% year-on-year to 114 million euro, while net fee and commission income rose 5.5% at 20 million euro, RBI said in an interim financial report.

Operating income grew 42.3% on the year to 131 million euro in 2023.

Raiffeisen Bank Albania was the third largest lender in terms of assets among 11 Albanian banks in the third quarter, according to the Albanian banks' association.

($ = 0.933 euro)

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