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Serbia's c-bank records 260 mln euro after-tax profit in 2018

Author Radomir Ralev
Serbia's c-bank records 260 mln euro after-tax profit in 2018 Author: SeeNews. License: All rights reserved.

BELGRADE (Serbia), March 15 (SeeNews) – Serbia's central bank achieved an after-tax profit of 30.66 billion dinars ($294 million/259.6 million euro) last year, it said.

The biggest part of the operating profit of 13.24 billion dinars - 70%, will be allocated to Serbia's state budget, 10% to core capital and 20% to special reserves, the central bank, NBS, said in a statement on Thursday.

In 2017, NBS posted a loss of 83 billion dinars.

NBS also said that it will pay 426.3 million dinars in profit tax for 2018.

In 2018, the central bank achieved its statutory objectives and maintained low and stable inflation, contributing to the establishment of good conditions for doing business and making investment, it added.

(1 euro = 118.111 dinars)

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