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RBI's Q1 after-tax profit in Bosnia rises 7.7% y/y

Author Iskra Pavlova
RBI's Q1 after-tax profit in Bosnia rises 7.7% y/y Author: Radomir Ralev

SARAJEVO (Bosnia and Herzegovina), May 15 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday its after-tax profit from operations in Bosnia and Herzegovina increased 7.7% year-on-year to 14 million euro ($15.7 million) in the first quarter of 2019.

Raiffeisenbank (Bosnia and Herzegovina) generated an operating income of 27 million euro during January-March, unchanged from the like period of 2018, RBI said in an interim financial report.

Net interest income rose 12.5% to 18 million euro, while net fee and commission income remained flat at 10 million euro.

Loans to customers rose to 1.31 billion euro from 1.21 billion euro in January-March 2018, while deposits grew to 1.84 billion euro from 1.78 billion euro.

RBI's non-performing exposure (NPE) ratio in Bosnia and Herzegovina was 3.6% at the end of March, down from 4.4% a year earlier. The NPE coverage ratio rose to 79.6%, from 77.5%.

The total assets of Raiffeisenbank (Bosnia and Herzegovina) grew 6.3% year-on-year to 2.368 billion euro at the end of March.

($ = 0.892261 euro)