Serbia's financial leasing sector net profit declines in Q1

The industry's return on assets (ROA) fell to 1.24% at the end of March 2019 from 2.05% twelve months earlier, while return on equity (ROE) declined to 11.25% from 17.53%, NBS said in a quarterly sector report, published on its website on Monday. 

The sector's operating profit went down to 259.6 million dinars in the first quarter from 535.3 million dinars in the respective period of last year.

The assets of 17 financial leasing companies operating in Serbia totalled 88.459 billion dinars at end-March. The biggest player in the sector was Sogelease Srbija with a market share by assets of 17.7%, followed by Intesa Leasing with 17.1%, UniCredit Leasing with 13.6%, and Raiffeisen Leasing with 13.5%.

(1 euro = 117.476 dinars)