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 ($7.6 million) in the first quarter of 2019, from 12.3 million euro in the same period of last year.
Net interest income rose 5.9% year-on-year to 14.2 million euro, while net fee and commission income increased 7.0% to 4 million euro, RBI said in an interim financial report.
Operating income rose 18.1% to 20.5 million euro.
The ratio of non-performinf loans (NPLs) of RBI in Albania decreased to 6.1% in the first quarter, from 6.7% in the prior-year period.
The group's total assets in Albania decreased 2.3% year-on-year to 1.81 billion euro in the first quarter.
Following are details on RBI's performance in Albania (in millions of euro unless otherwise stated):
|
Q1'19 |
Q1'18 |
Net interest income |
14.2 |
13.4 |
Net fee and commission income |
4 |
3.7 |
Operating income |
20.5 |
17.3 |
After-tax profit |
6.8 |
12.3 |
Loans |
718 |
699 |
Deposits |
1,519 |
1,507 |
Total assets |
1,807 |
1,851 |
NPL ratio |
6.1% |
6.7% |
The number of RBI business outlets in Albania remained unchanged at 78 as at the end of March.
According to RBI, Albania's GDP will grow 3.8% this year, compared with 4.1% growth in 2018.
($=0.89097 euro)