August 10 (SeeNews) - Raiffeisen Bank International (RBI) said on Thursday the after-tax profit of its Bulgarian unit ticked down 0.9% year-on-year to 40 million euro ($46.9 million) in the first half of 2017.
RBI’s net interest income in Bulgaria fell by an annual 4.2% to 55 million euro in the review period, while the net fee and commission income rose 7.8% to 22 million euro, figures from RBI’s first-half financial report showed.
The general administrative expenses of Raiffeisenbank (Bulgaria) rose 4.5% year-on-year to 46 million euro in the January-June period.
The total assets of RBI’s Bulgarian unit increased 3.0% on the year to 3.42 billion euro at the end of June.
Following are details of RBI's performance in Bulgaria (in millions of euro unless otherwise stated):
|
H1'17 |
H1'16 |
y/y pct change |
Net interest income |
55 |
57 |
-4.2 |
Net fee and commission income |
22 |
20 |
7.8 |
Operating income |
80 |
79 |
1.0 |
After-tax profit |
40 |
40 |
-0.9 |
Loans |
2,236 |
2,062 |
8.4 |
Deposits |
2,490 |
2,347 |
6.1 |
Total assets |
3,422 |
3,321 |
3.0 |
NPL ratio (pct) |
5.7 |
9.5 |
-40.0 |
Raiffeisenbank (Bulgaria) had 599,510 customers at end-June, down 6.5% year-on-year. The lender operated 136 business outlets in the country, down from 148 a year earlier.
($ = 0.8520 euro)
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