ZAGREB (Croatia), March 13 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday its after-tax profit from operations in Croatia soared 76.9% year-on-year to 46 million euro ($52 million) in 2018.
Raiffeisenbank (Croatia) generated an operating income of 202 million euro last year, down 8.1%, RBI said in its 2018 annual financial report.
Net fee and commission income from operations in Croatia remained unchanged at 71 million euro, while net interest income edged down by 0.79% to 125 million euro.
The lender's non-performing loan (NPL) ratio in Croatia was 8.1% at the end of last year. The coverage of NPLs with provisions stood at 78.5%.
The total assets of Raiffeisenbank (Croatia) rose by 3.2% year-on-year to 4.755 billion euro at the end of December.
Following are details of RBI's performance in Croatia (in millions of euro unless otherwise stated):
|
2018 |
2017 |
y/y pct change |
Net interest income |
125 |
126 |
-0.79 |
Net fee and commission income |
71 |
71 |
0.0 |
Operating income |
202 |
220 |
-8.1 |
After-tax profit |
46 |
26 |
76.9 |
Operating profit |
79 |
90 |
13.9 |
Loans |
2.361 bln |
2.362 bln |
-0.04 |
Deposits |
3.698 bln |
3.352 bln |
9.3 |
Total assets |
4.755 bln |
4.606 bln |
3.2 |
Net interest margin |
2.93% |
3.05% |
-0.12% pp |
($ = 0.885413 euro)
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