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 ($14.6 million) in the first quarter of 2019, from 18 million euro in the same period of last year.
Net interest income remained unchanged year-on-year at 30 million euro at the end of the firat quarter, while net fee and commission income increased 6.6% to 16 million euro, RBI said in an interim financial report.
Operating income dropped 13% to 47 million euro.
The ratio of non-performing loans (NPLs) of RBI's Croatian unit decreased to 4.5% in the first quarter, from 7.5% in the prior-year period.
RBI's total assets in Croatia increased 8.1% year-on-year to 4.81 billion euro in the first quarter.
Following are details on RBI's performance in Croatia (in millions of euro unless otherwise stated):
|
Q1'19 |
Q1'18 |
Net interest income |
30 |
30 |
Net fee and commission income |
16 |
15 |
Operating income |
47 |
54 |
After-tax profit |
13 |
18 |
Loans |
2,397 |
2,422 |
Deposits |
3,602 |
3,325 |
Total assets |
4,815 |
4,453 |
NPL ratio |
4.5% |
7.5% |
($ = 0.892551 euro)