7 minutes ago44m euros in bank profit only by April
Periskopi(4 years ago)
(4 years ago)It has gone to 44.6m euros in net profits of commercial banks in Kosovo, only from January to April of this year. A month earlier, so until March, according to data presented in the monthly financial system report from the Central Bank of Kosovo, the profits that banks in the country had presented [...]
A month earlier, as of March, according to data presented in the monthly financial system report by the Central Bank of Kosovo, the profit the banks in the country had presented was over 30.7m euros, while in February alone, they had collected about 27m euros.
So for a month, banks in our country have added another 13.9m euros to their stocks, the Economic Bulletin conveys.
These high profits of the banking sector in Kosovo are largely being realised through high credit interest rates, as well as recently as by price hikes and services.
In Kosovo Central Bank report (BQK) around <x0) for April, it is estimated that only interest revenues from loans from these banks for the past four months were worth 80.7m euros, up from 59.2m euros from this category until March.
Total bank revenues in this quarter were worth 111.8m euros from 82.1m euros as of March, until expenditures reached 67.2 out of 51.5m. Of the total expenditures, only 7.6m euros were for interest expenses, while total administrative spending was worth 40.8m.
Meanwhile, citizens' deposits in the country's financial sector in this quarter were registered at a value of 4 billion 766m euros, of which household deposits were 3,384.7 billion euros, while other corporate and non-financial deposits.
Currently, according to the CEC, the value of banking sector assets in the country is a total of 5 billion and over 890m euros.
Meanwhile, the value of loans granted by banks amounted to 3 billion of 989m euros, of which 1,476.8 billion euros were for family economies, while 2,488.0 billion were for non-financial corporations.
And the effective interest rate on credit was reflected in a percentage of 5.9% from 5.8% as it was in March. For domestic economies' loans, this rate was the same as in March, while the consumer credit rate in April was 6.1% as in March, up from 6.5% in February this year.
Meanwhile, the interest rate in loans for non-financial corporations in April rose to 6.0% from 5.7% in March. In fact, for non-financial agricultural corporations, the interest rate in April rose to 10.8% from 8.9% to an earlier mouse.
