RBI’s Q1 after-tax profit in Serbia rises 55.6% y/y

Raiffeisen Bank Serbia’s operating income rose to 107 million euro in January-March from 89 million euro in the prior-year period, RBI said in an interim financial report last week.

RBI's net interest income in Serbia grew to 74 million euro from 59 million euro, while net fee and commission income rose to 29 million euro from 25 million euro.

General administrative expenses were 7.5% lower year-on-year at 27 million euro in the first three months of 2024.

$ = 0.9290 euro