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Serbia's Erste Bank Novi Sad 9-mo net profit rises

Author Radomir Ralev
Serbia's Erste Bank Novi Sad 9-mo net profit rises Author: Georgi Georgiev. License: All rights reserved.

BELGRADE (Serbia), October 30 (SeeNews) - The net profit of Serbia's Erste Bank Novi Sad rose 16.2% year-on-year in the first nine months of 2019, reaching 1.95 billion dinars ($18.4 million/16.6 million euro), the bank said on Wednesday.

Net interest income grew 8.9% to 5.36 billion dinars, while net fee and commission income increased 8.8% to 1.26 billion dinars, Erste Bank Novi Sad said in a statement.

The non-performing loan (NPL) ratio of the bank stood at 1.4% at the end of September, Erste Bank Novi Sad said.

"The support we provide to our clients and the society is based precisely on our founders' vision of creating and expanding prosperity, democratising banking and creating equal opportunities for all. Our purpose is to be a stable support for those who believe in themselves and want to achieve not only their financial goals, but also to bring new values to their environment," the president of the executive board of the bank, Slavko Caric, said in the statement.

The total assets of Erste Bank Novi Sad rose to 227.82 billion dinars as at end-September from 202.9 billion dinars at the end of last year.

Erste Bank Novi Sad is part of Vienna-based Erste Group, which serves over 16 million clients in Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.

(1 euro = 117.489 dinars)