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Losses in non-banking financial sector in 2009 Q1 lower than in 2008 Q1

OPATIJA, May 15 (Hina) - The president of the Croatian Financial Services Supervisory Agency (HANFA), Ante Samodol, has said that net losses in the non-banking financial sector in the first quarter of 2009 totalled approximately HRK 900 million, while in 2008 some HRK 1 billion "disappeared" every month from that sector.
OPATIJA, May 15 (Hina) - The president of the Croatian Financial Services Supervisory Agency (HANFA), Ante Samodol, has said that net losses in the non-banking financial sector in the first quarter of 2009 totalled approximately HRK 900 million, while in 2008 some HRK 1 billion "disappeared" every month from that sector.

Addressing the conference "The Croatian Financial Market" in the northern Adriatic resort of Opatija on Friday, Samodol said that the banking sector had performed well in 2008, increasing its assets and netting in a profit of HRK 5.7 billion.

The earnings of the banking sector in the first quarter of 2009 were HRK 1.43 billion, he added.

In the non-banking financial sector, the net aggregate losses last year were HRK 12 billion and assets were most drastically reduced in open-end funds.

Samodol said that an annual assembly of Zagreb Stock Exchange shareholders would be held on Monday 18 May, calling on the ZSE shareholders and owners to behave in a rational manner.

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