PRISTINA (Kosovo), August 8 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday the after-tax profit of its Kosovo unit went down 1.2% year-on-year to 10 million euro ($11.2 million) in the first half of 2019.
The bank recorded an operating income of 11 million euro in the first half of the year, down from 12 million euro in the like period of 2018, RBI said in an interim financial report.
Net fee and commission income fell 15.2% to 4 million euro in the review period.
Net interest income of Raiffeisen Bank Kosovo increased by 8.7% to 21 million euro.
General administrative expenses grew 13.1% to 15 million euro.
Total assets of the lender increased 11% to 988 million euro.
Following are details on RBI’s performance in Kosovo (in millions of euro unless otherwise stated):
|
H1'19 |
H1'18 |
Net interest income |
21 |
20 |
Net fee and commission income |
4 |
5 |
Operating income |
26 |
25 |
After-tax profit |
10 |
10 |
Loans |
676 |
603 |
Deposits |
767 |
694 |
Total assets |
988 |
890 |
Non-performing exposure (NPE) ratio |
2.3% |
3.3% |
Raiffeisen Bank Kosovo operated 48 business outlets in the first quarter, unchanged from a year earlier.
($ = 0.892184 euro)
Raiffeisen Bank Kosovo JSC is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here