January 4 (SeeNews) - Serbia's financial leasing sector posted a combined net profit of 701.1 million dinars ($7.1 million/5.9 million euro) in the first nine months of 2017, down from 887.8 million dinars in the like period of the previous year, the country's central bank NBS said on Thursday.
The industry's return on assets (ROA) fell to 1.52% at the end of September from 2.10% twelve months earlier, while return on equity (ROE) declined to 11.80% from 15.59%, NBS said in a quarterly sector report, published on its website.
The sector's operating profit declined to 789.2 million dinars in the first nine months of 2017 from 970.9 million dinars in the prior-year period.
The assets of 16 financial leasing companies operating in Serbia totalled 71.9 billion dinars at end-September, up 13.8% year-on-year. The biggest player in the sector was Intesa Leasing with a market share by assets of 17.8%, followed by Sogelease Srbija with 16.7%, Raiffeisen Leasing with 12.7%, and UniCredit Leasing with 12.2%.
(1 euro = 118.902 dinars)