In Q1 2016, Erste bank generates RSD 524 m net profit

In Q1 2016, Erste bank in Serbia generated net profit of RSD 524 m, which is 28.4 % improvement over the same period last year.

According to the statement of the bank, balance sheet increased by 3.3%, from 117.5 billion at the end of 2015 to RSD 121.4 billion at the end of Q1 2016. At the same time, capital adequacy is above regulatory minimum defined by NBS and totals 16.83 %.

President of the Executive Board at Erste Bank Slavko Caric said, when commenting results of bank operations, that "in the first volume of loans for citizens and businesses continued growing and level of NPLs continued decreasing which positively affected our profitability. Decline in interest rates at the market gives us more options when creating offers such as current home loans with significantly lower interest rates in dinars and euros.”