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Serbia's Erste Bank Novi Sad net profit rises in H1

Author Radomir Ralev
Serbia's Erste Bank Novi Sad net profit rises in H1 Author: Georgi Georgiev. License: All rights reserved.

BELGRADE (Serbia), July 31 (SeeNews) - The net profit of Serbia's Erste Bank Novi Sad rose 25% year-on-year in the first half of 2019, reaching 1.09 billion dinars ($10.3 million/9.3 million euro), the bank said.

Net interest income grew 9.2% to 3.49 billion dinars, while net fee and commission income increased 4% to 790 million dinars, Erste Bank Novi Sad said in a statement on Tuesday.

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

"The continuation of positive market trends has contributed to the very good results we have achieved in working with citizens and entrepreneurs. By joining the programmes of international financial institutions and the Government of Serbia, we have offered our clients a wide variety of financial products to enable them to improve their quality of life, business, products and services," 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 220.69 billion dinars as at end-June from 202.9 billion dinars at the end of last year.

The number of users of the Erste Bank Novi Sad's online and mobile banking services increased by 9.0% in the first half of 2019 to about 269,000.

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 = 117.725 dinars)

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