SARAJEVO (Bosnia and Herzegovina), August 10 (SeeNews) – Raiffeisen Bank International (RBI) said on Thursday it has recorded a net profit of 24 million euro ($29.3 million) from operations in Bosnia and Herzegovina in the first half of 2017, up 14.3% year-on-year.
RBI generated an operating income of 54 million euro in Bosnia and Herzegovina in the first half of 2017, unchanged from the year-earlier figure, RBI said in its January-June financial report.
Net fee and commission income from operations in Bosnia and Herzegovina rose by 5.3% to 20 million euro, while net interest income fell by 2.9% to 33 million euro.
The lender's non-performing loan (NPL) ratio in Bosnia and Herzegovina stood at 8.1% at the end of June. The coverage of NPLs with provisions stood at 81.3%.
The total assets of RBI in the country rose by 6.1% year-on-year to 2.111 billion euro at the end of June.
Following are details of RBI's performance in Bosnia and Herzegovina (in millions of euro):
|
H1'17 |
H1'16 |
y/y change |
Net interest income |
33 |
34 |
-2.9% |
Net fee and commission income |
20 |
19 |
5.3% |
Operating income |
54 |
54 |
-- |
Net profit |
24 |
21 |
14.3% |
Operating profit |
29 |
28 |
3.6% |
Loans |
1,208 |
1,178 |
2.5% |
Deposits |
1,690 |
1,560 |
8.3% |
Total assets |
2,111 |
1,990 |
6.1% |
Net interest margin |
3.36% |
3.66% |
-0.30 pp |
RBI's Bosnian unit had 431,396 customers at end-June, down 3.1% year-on-year, and operated in 98 business outlets, versus 97 a year earlier.
($ = 0.853401 euro)