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Serbia's Erste Bank Novi Sad raises net profit 81% y/y in 2021

Serbia's Erste Bank Novi Sad raises net profit 81% y/y in 2021 Author: Georgi Georgiev. License: All rights reserved.

BELGRADE (Serbia), March 2 (SeeNews) - Serbia's Erste Bank Novi Sad recorded a net profit of 2.41 billion dinars ($22.8 million/20.5 million euro) in 2021, up 80.7% on the year, it said.

Net interest income grew 9.8% to 8.96 billion dinars, while net fee and commission income increased 44% to 2.74 billion dinars, Erste Bank Novi Sad said in a statement on Monday.

The non-performing loan (NPL) ratio of the bank stood at 2% at the end of December, Erste Bank Novi Sad said.

"We have put behind another year full of challenges during which we had to showcase how important flexibility, understanding and support really are in order for our clients to be able to count on us. Positive result in all aspects of business is proof that they firmly believe we are able to provide them with products and services that match their needs," 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 319 billion dinars as at end-December from 287 billion dinars at the end of last year.

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

(1 euro = 117.619 dinars)

Erste Bank AD Novi Sad is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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