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TIRANA (Albania), May 15 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday the after-tax profit of its Albanian unit fell to 6.8 million euro ($7.6 million) in the first quarter of 2019, from 12.3 million euro in the same period of last year.
Net interest income rose 5.9% year-on-year to 14.2 million euro, while net fee and commission income increased 7.0% to 4 million euro, RBI said in an interim financial report.
Operating income rose 18.1% to 20.5 million euro.
The ratio of non-performinf loans (NPLs) of RBI in Albania decreased to 6.1% in the first quarter, from 6.7% in the prior-year period.
The group's total assets in Albania decreased 2.3% year-on-year to 1.81 billion euro in the first quarter.
Following are details on RBI's performance in Albania (in millions of euro unless otherwise stated):
|Net interest income||14.2||13.4|
|Net fee and commission income||4||3.7|
The number of RBI business outlets in Albania remained unchanged at 78 as at the end of March.
According to RBI, Albania's GDP will grow 3.8% this year, compared with 4.1% growth in 2018.