Bosnian Federation banks increase their net profit in the first half of the year

SARAJEVO (Bosnia and Herzegovina), September 20 (SeeNews) – Combined net profit of the Bosnian Federation banking sector reached 150.7 million mark ($ 90.2 million / € 77 million) in the first half 2021, up from 105.5 million mark in the same period a year earlier, the entity’s bank agency said.

Total revenues of banks operating in the Federation of Bosnia increased by 3.7% year-on-year in the six months to July, to 599 million marka, while total expenditure amounted to 447.3 million marka, down 5.3% on year, the Bosnian Federation Bank Agency said in a report last week.

Net interest income fell to DM 345.4 million in the January-June period from DM 349.6 million in the first half of 2020.

Total loans stood at 16.1 billion marks at the end of June, up 5.3% from the end of December. Non-performing loans (NPLs) fell to DM 969.9 million in the first half of the year, around 1.4% lower than at the end of 2020.

Deposits amount to 20.2 billion marks, up 2.7% from the end of 2020.

The total assets of the 15 banks of the Federation amounted to 25 billion marks at the end of the first half of the year, up 2.5% compared to the end of 2020.

The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other entity is the Serbian Republic.

(1 euro = 1.95583 marka)

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