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HNB says Croatian banking system reasonably safe and profitable

ZAGREB, July 29 (Hina) - Compared to banking systems in othercountries, Croatia's banking system is reasonably safe and profitable,and compared to banking systems in other Central and East Europeantransition countries last year it scored good financial results withmoderate exposure to credit risk and a strong capital base, theCroatian National Bank has reported.
ZAGREB, July 29 (Hina) - Compared to banking systems in other countries, Croatia's banking system is reasonably safe and profitable, and compared to banking systems in other Central and East European transition countries last year it scored good financial results with moderate exposure to credit risk and a strong capital base, the Croatian National Bank has reported.

The central bank says that the positive trend of decreased risk and increased bank profitability has continued both in Croatia and other countries in the region. This is evidenced by the credit rating agency Moody's having awarded the Croatian banking system a financial strength coefficient of 33.3, which makes it one of the five most successful transition banking systems.

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