February 7 (SeeNews) - Serbia's financial leasing sector posted a combined net profit of 607 million dinars ($5.7 million/5.2 million euro) in the first nine months of 2019, down from 1.047 billion dinars in the like period of the previous year, the country's central bank NBS said.
The industry's return on assets (ROA) fell to 1.12% at the end of September 2019 from 1.93% twelve months earlier, while return on equity (ROE) declined to 10.73% from 15.80%, NBS said in a quarterly sector report, published on its website on Thursday.
The sector's operating profit went down to 740.6 million dinars in the first nine months from 1.15 billion dinars in the respective period of 2018.
The assets of 17 financial leasing companies operating in Serbia totalled 99.311 billion dinars at end-September. The biggest player in the sector was OTP Leasing with a market share by assets of 17.6%, followed by Intesa Leasing with 16.1%, UniCredit Leasing with 14.1%, and Raiffeisen Leasing with 13.8%.
(1 euro = 117.476 dinars)