Serbian bank Erste Bank Novi Sad’s net profit increases 39% year-on-year in the first quarter
BELGRADE (Serbia), April 29 (SeeNews) – Serbian lender Erste Bank Novi Sad posted a net profit of 1.21 billion dinars ($10.9 million/€10.3 million) in the first quarter of 2022 , up 38.8% on the year, the bank said. Friday.
Net interest income increased by 10.1% to 2.38 billion dinars, while net fee and commission income increased by 59.9% to 753.3 million dinars, Erste Bank Novi reported. Sad in an emailed statement.
The bank’s non-performing loan (NPL) ratio stood at 1.6% at the end of March, Erste Bank Novi Sad reported.
“While the world is still recovering from the crisis caused by the coronavirus pandemic, the consequences of the conflict between Russia and Ukraine are already beginning to have an impact on the world economy. At times like these, where it is difficult to make forecasts, I would like to emphasize that the banking sector in Serbia is highly capitalized and liquid, and therefore our citizens should not worry about their savings”, said the Chairman of the Board of the bank, Slavko Caric, in the press release.
Erste Bank Novi Sad’s total assets increased to 321 billion dinars at the end of March from 320 billion dinars at the end of 2021.
Erste Bank Novi Sad is part of the Vienna-based Erste Group, which serves approximately 16 million customers in Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia and Serbia.
(1 euro = 117.838 dinars)
Erste Bank AD Novi Sad is one of the biggest banks in SEE, for more reference take a look at top 100 banks