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Bosnia's Federation banks Q1 net profit down 9.3% y/y

Bosnia's Federation banks Q1 net profit down 9.3% y/y Capricorn Studio/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), June 27 (SeeNews) - The net profit of the banking sector in Bosnia's Federation fell to 71.7 million marka ($38.7 million/36.7 million euro) in the first three months of 2022, down 9.3% compared with the same period a year earlier, the entity's banking agency said.

The total revenue of the banks operating in the Federation increased by 7.6% year-on-year in the three months through March, reaching 313.1 million marka, whereas total expenses rose 13.8% to 240.6 million marka, the banking agency said in a report on Friday.

Net interest income totalled 171.2 million marka in the January-March period, flat compared with the first three months of 2021.

Total loans amounted to 15.7 billion marka at the end of March, down 1.3% from the end of 2021. Non-performing loans (NPLs) fell to 948.9 million marka in the first three months of the year, some 7.1% lower from the end of 2021.

The total assets of the Federation's 14 banks fell to 25.6 billion marka at the end of March, down 1.2% from the end of 2021.

The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.

(1 euro = 1.95583 marka)

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