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ZAGREB (Croatia), May 15 (SeeNews) – Raiffeisen Bank International (RBI) said on Wednesday the after-tax profit of its Croatian unit fell to 13 million euro ($14.6 million) in the first quarter of 2019, from 18 million euro in the same period of last year.
Net interest income remained unchanged year-on-year at 30 million euro at the end of the firat quarter, while net fee and commission income increased 6.6% to 16 million euro, RBI said in an interim financial report.
Operating income dropped 13% to 47 million euro.
The ratio of non-performing loans (NPLs) of RBI's Croatian unit decreased to 4.5% in the first quarter, from 7.5% in the prior-year period.
RBI's total assets in Croatia increased 8.1% year-on-year to 4.81 billion euro in the first quarter.
Following are details on RBI's performance in Croatia (in millions of euro unless otherwise stated):
|Net interest income||30||30|
|Net fee and commission income||16||15|
($ = 0.892551 euro)