Banks’ Net Profit “Surges in 2016”

Bosnia’s banking sector ended 2016 with a net profit of 220.4 million KM, sharply up from 31.6 million KM profit in the previous year, according to Raiffeisen Research. Out of 23 banks in Bosnia, only three showed a negative net financial result – Addiko Mostar, Addiko Banja Luka and Pavlovic banka, while the remaining 20 registered a combined profit of 284.3 million KM, Raiffeisen Research said in a Central and Eastern Europe weekly report.

The two most profitable banks were UniCredit Mostar with a net profit of 81.5 million KM and Raiffeisen Bank Bosnia and Herzegovina with 52.5 million KM.

 

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