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UniCredit's H1 profit in Serbia falls - table

Oct 30, 2017, 2:42:45 PMArticle by Radomir Ralev
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BELGRADE (Serbia), October 30 (SeeNews) – The Serbian unit of Italian banking group UniCredit said its net profit fell to 4.35 billion dinars ($42.5 million/36.5 million euro) in the first half of 2017, from 6.2 billion dinars in the respective period of last year.

UniCredit's H1 profit in Serbia falls - table
Author: SeeNews. License: All rights reserved.

Net interest income slumped to 5.8 billion dinars in the six months ended June 30 from 12.1 billion dinars in the first half of 2016, while net fee and commission income decreased to 2.1 billion dinars from 3.8 billion dinars, UniCredit Bank Srbija said in its H1 2017 financial statement posted on the bank's website.

The bank saw its expenses for impairment of financial assets and credit risk off-balance sheet items shrink to 834.1 million dinars in the first half of 2017 from 3.0 billion dinars in the prior-year period.

The bank's loan portfolio amounted to 216.7 million dinars, while deposits totalled 255.6 billion dinars at the end of the first half of 2017.

Following are details on UniCredit Bank Srbija's performance (in billions of dinars):

  H1'17 H1'16
Deposits 255.624 260.323
Loans 216.679 221.603
Impairment costs 0.834 3.0
Net fee and commission income 2.060 3.807
Net interest income 5.831 12.087
Net profit 4.351 6.227

(1 euro = 119.220 dinars)

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