BELGRADE (Serbia), August 8 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday its after-tax profit from operations in Serbia fell 11.5% year-on-year to 29 million euro ($32.5 million) in the first half of 2019.
Raiffeisenbank (Serbia) generated an operating income of 74 million euro in the first half, down 0.8%, RBI said in an interim financial report.
Net fee and commission income from operations in Serbia rose by 11.5% to 25 million euro, while net interest income grew by 4.6% to 44 million euro.
The lender's non-performing exposure (NPE) ratio in Serbia was 2.1% at the end of June. The coverage ratio of NPE was 75.5%.
The total assets of Raiffeisenbank (Serbia) rose by 9.5% year-on-year to 2.609 billion euro at the end of June.
Following are details of RBI's performance in Serbia (in millions of euro unless otherwise stated):
|
H1'19 |
H1'18 |
y/y pct change |
Net interest income |
44 |
42 |
4.6% |
Net fee and commission income |
25 |
22 |
11.5% |
Operating income |
74 |
74 |
-0.8% |
After-tax profit |
29 |
33 |
-11.5% |
Operating profit |
35 |
37 |
-6.5% |
Loans |
1.398 bln |
1.261 bln |
10.8% |
Deposits |
1.979 bln |
1.789 bln |
10.6% |
Total assets |
2.609 bln |
2.382 bln |
9.5% |
Net interest margin |
3.88% |
4.03% |
- 0.16 pp |
($ = 0.891466 euro)
Raiffeisen Banka AD is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here