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)