PRISTINA (Kosovo), March 14 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday the after-tax profit of its Kosovo unit rose to 18 million euro ($22.2 million) in 2017, from 17 million euro in 2016.
The improvement was mainly driven by higher net fee and commission income, which rose by an annual 40.6% to 13.5 million euro, RBI said in its 2017 financial report.
Net interest income slightly increased by 0.8% year-on-year to 37.9 million euro in the review period.
Operating income increased by 6.6% year-on-year to 52 million euro, RBI said.
RBI's total assets in Kosovo increased by 2.9% year-on-year to 922 million euro at the end of December.
Following are details on RBI’s performance in Kosovo (in millions of euro unless otherwise stated):
|
2017 |
2016 |
y/y change |
Net interest income |
37.9 |
37.6 |
0.8% |
Net fee and commission income |
13.5 |
9.6 |
40.6% |
Operating income |
52 |
49 |
6.6% |
After-tax profit |
18 |
17 |
3.9% |
Loans |
577 |
533 |
8.3% |
Deposits |
734 |
725 |
1.3% |
Total assets |
922 |
896 |
2.9% |
NPL ratio |
4.8% |
5.8% |
-18.1% |
The customers of RBI’s Kosovo unit decreased by an annual 18.5% to 255,005 during the review period.
RBI ran 48 business outlets in Kosovo in 2017, down from 52 a year earlier.
($ = 0.80909 euro)
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