SARAJEVO (Bosnia and Herzegovina), May 10 (SeeNews) – Italian banking group UniCredit said on Thursday its two Bosnian units recorded a consolidated profit of 14 million euro ($16.6 million) in the first quarter of 2018, up from 12 million euro a year earlier.
The units' net interest income lost 1.5% on the year 27 million euro in the first three months, while net fees and commission income rose 9.3% to 11 million euro, the UniCredit Group said in a financial statement.
The operating income of UniCredit's Bosnian units grew 3.7% on the year to 40 million euro, while net operating profit added 10.0% to 19 million euro.
The units' net volume of loans increased 7.1% on the year to 2.1 billion euro, while deposits totalled 2.6 billion euro up from 2.3 billion euro a year earlier.
UniCredit Group has a banking unit in each of Bosnia's two entities - the Serb Republic and the Federation of Bosnia and Herzegovina.
($=0.8417 euro)
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