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RBI's after-tax profit in Kosovo rises 10.1% in H1

Author Mario Tanev
RBI's after-tax profit in Kosovo rises 10.1% in H1 Author: RBI. Licence: All Rights Reserved.

PRISTINA (Kosovo), August 9 (SeeNews) - Raiffeisen Bank International's (RBI) profit after taxes from operations in Kosovo rose by 10.1% year-on-year to 10 million euro ($11.6 million) in the first half of 2018, the lender said on Thursday.

RBI's operating income in Kosovo decreased by an annual 1.3% to 25 million euro in the first six months of the year, RBI said in an interim financial statement.

The banking group's net interest income in Kosovo added 5.6% on the year to 20 million euro in the review period, while its net fee and commission income fell 15.5% to 5 million euro.

The general administrative expenses of RBI's Kosovo unit edged down by an annual 0.1% to 13 million euro in January-June.

The bank's non-performing loan (NPL) ratio in Kosovo was 4.0% at the end of June, compared to 5.2% at the end of June 2017.

Following are details of RBI's performance in Kosovo (in millions of euro unless otherwise stated):

  H1'18 H1'17 % change
Net interest income 20 19 5.6
Net fee and commission income 5 6 -15.5
Operating income 25 25 -1.3
Operating profit 12 12 -2.5
Profit after tax 11 10 10.1
Loans 603 539 11.9
Deposits 694 702 -1.2
Total assets 890 883 0.8

RBI's subsidiary in Kosovo operated 48 business outlets at the end of June, same as a year earlier.

($ = 0.8625 euro)