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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 ($11.6 million) in the first half of 2018, the lender said on Thursday.
RBI's operating income in Kosovo decreased by an annual 1.3% to 25 million euro in the first six months of the year, RBI said in an interim financial statement.
The banking group's net interest income in Kosovo added 5.6% on the year to 20 million euro in the review period, while its net fee and commission income fell 15.5% to 5 million euro.
The general administrative expenses of RBI's Kosovo unit edged down by an annual 0.1% to 13 million euro in January-June.
The bank's non-performing loan (NPL) ratio in Kosovo was 4.0% at the end of June, compared to 5.2% at the end of June 2017.
Following are details of RBI's performance in Kosovo (in millions of euro unless otherwise stated):
|Net interest income||20||19||5.6|
|Net fee and commission income||5||6||-15.5|
|Profit after tax||11||10||10.1|
RBI's subsidiary in Kosovo operated 48 business outlets at the end of June, same as a year earlier.
($ = 0.8625 euro)