SARAJEVO (Bosnia and Herzegovina), March 18 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday its after-tax profit from operations in Bosnia and Herzegovina has decreased by 27.2% to 31 million euro ($34.1 million) in 2019.
Raiffeisenbank (Bosnia and Herzegovina) generated an operating income of 114 million euro last year, up 3.4%, RBI said in its 2019 annual financial report.
Net fee and commissions income from Bosnian operations increased by 4.4% to 42 million euro, while net interest income remained virtually unchanged at 68 million euro in 2019.
However, impairment losses on financial assets almost tripled to 14 million euro in 2019, while general administrative expenses rose by 2.7% to 59 million euro.
RBI's non-performing loan (NPL) ratio in Bosnia and Herzegovina rose to 4.2% at the end of last year from 3.8% at end-September, while the coverage of NPLs with provisions stood at 77.9% versus 89.3% at end-September.
The total assets of Raiffeisenbank (Bosnia and Herzegovina) rose by 7.5% year-on-year to 2.469 billion euro at the end of December.
Following are details of RBI's performance in Bosnia (in millions of euro unless otherwise stated):
|
2019 |
2018 |
y/y pct change |
Net interest income |
68 |
68 |
0.3 |
Net fee and commission income |
42 |
40 |
4.4 |
Operating income |
114 |
110 |
3.4 |
After-tax profit |
31 |
43 |
-27.2 |
Operating profit |
55 |
52 |
4.2 |
Loans |
1,329 |
1,292 |
2.9 |
Deposits |
1,897 |
1,811 |
4.7 |
Total assets |
2,469 |
2,296 |
7.5 |
Net interest margin |
3.23% |
3.48% |
-0.26 pp |
($ = 0.908386 euro)
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