July 30 (SeeNews) - Serbia's financial leasing sector posted a combined net profit of 495.8 million dinars ($4.9 million/4.2 million euro) in the first quarter of 2018, up from 353.1 million dinars in the previous year, the country's central bank NBS said.
The industry's return on assets (ROA) rose to 2.86% at the end of March 2018 from 2.29% twelve months earlier, while return on equity (ROE) grew to 22.75% from 17.91%, NBS said in a quarterly sector report, published on its website on Friday.
The sector's operating profit went up to 535.3 million dinars in the first quarter from 378.7 million dinars in the same period of the previous year.
The assets of 16 financial leasing companies operating in Serbia totalled 74.3 billion dinars at end-March, down 1.3% year-on-year. The biggest player in the sector was Intesa Leasing with a market share by assets of 18.6%, followed by Sogelease Srbija with 17.0%, Raiffeisen Leasing with 12.5%, and UniCredit Leasing also with 12.5%.
(1 euro = 118.005 dinars)