May 22 (SeeNews) – The net profit of the banking sector in Bosnia’s Federation rose to 134.9 million marka ($74.5 million/69 million euro) in the first three months of 2023, up 88% compared with the same period a year earlier, the entity’s banking agency said.
The total revenue of the banks operating in the Federation increased by 5.8% year-on-year in the three months through March, reaching 331.4 million marka, whereas total expenses fell 11% to 214.1 million marka, the banking agency said in a report last week.
Net interest income totalled 204.5 million marka in the January-March period, up 19.4% compared with the first three months of 2022.
Total loans amounted to 16.3 billion marka at the end of March, down from 16.5 billion marka at the end of 2022. Deposits came in at 22.6 billion marka at the end of the first quarter, up from 22.4 billion marka at the end of last year.
The total assets of the Federation’s 14 banks fell to 27.4 billion marka at the end of March, up from 27.2 billion marka from the end of 2022.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.
Source: See News