Bosnian Federation banks increase 9-month net profit

SARAJEVO (Bosnia and Herzegovina), December 22 (SeeNews) – Net profit of the Bosnian Federation banking sector reached 264 million mark ($ 152.2 million / € 135 million) in the first nine months 2021, compared to 151.2 million mark in the same period a year earlier, the entity’s bank agency said.

The total revenues of banks operating in the Federation increased by 5.4% year-on-year in the nine months to September, reaching 917.7 million marka, while total expenditure stood at 650.8 million marka, down 9.5% on the year, the bank agency said in a report on Tuesday.

Net interest income fell to Mk 521 million in the January-September period, from M Mark 523.7 million in the first nine months of 2020.

Total loans stood at 16.1 billion marks at the end of September, up 5.7% from the end of December. Nonperforming Loans (NPLs) fell to DM 953.4 million in the first nine months of the year, about 3% lower than at the end of 2020.

The total assets of the 15 banks of the Federation amounted to 25.5 billion marks at the end of September, up 4.5% 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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