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UniCredit posts 5.2% rise in 9-mo cons profit in Bosnia

Author Radomir Ralev
UniCredit posts 5.2% rise in 9-mo cons profit in Bosnia Metropolico.org/Creative Commons

SARAJEVO (Bosnia and Herzegovina), November 8 (SeeNews) – Italian banking group UniCredit said on Thursday its two Bosnian units recorded a consolidated profit of 43 million euro ($49.1 million) in the first nine months of 2018, up from 41 million euro a year earlier.

The units' net interest income edged up 0.4% on the year to 83 million euro in the first nine months, while net fees and commission income rose 8.8% to 33 million euro, the UniCredit Group said in an interim financial statement.

The operating income of UniCredit's Bosnian units grew 4.8% on the year to 123 million euro, while net operating profit added 3.9% to 61 million euro.

The units' volume of customer loans increased 12.2% on the year to 2.227 billion euro in the first nine months of 2018, while deposits totalled 2.789 billion euro, up from 2.366 billion euro a year earlier.

UniCredit Group has a banking unit in each of Bosnia's two entities - the Serb Republic and the Federation.

($ = 0.875387 euro)

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