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PBZ BANK GROUP MAKES EUR107 MLN IN GROSS PROFITS IN 2002

ZAGREB, March 4 (Hina) - The profit of the Privredna Banka Zagreb Group in 2002 before taxation amounted to 814 million kuna (EUR107 million), up 20.4 percent from 2001, while the net profit grew by 10.3 percent to 641 million kuna (EUR84.3 million).
ZAGREB, March 4 (Hina) - The profit of the Privredna Banka Zagreb Group in 2002 before taxation amounted to 814 million kuna (EUR107 million), up 20.4 percent from 2001, while the net profit grew by 10.3 percent to 641 million kuna (EUR84.3 million). #L# The group's assets totalled 35.1 billion kuna (EUR4.6 billion), an increase of 11.2 percent, while deposits grew by 11.5 percent. Deposits in the group's principal institution, Privredna Banka Zagreb (PBZ), increased by 12 percent. PBZ's gross profit totalled 669 million kuna (EUR88 million), up 20.3 percent from 2001, while the net profit stood at 530 million kuna (EUR69.7 million). Last year PBZ increased its assets by 11 percent to 30.63 billion (EUR4 billion), according to a report adopted by the supervisory board. (EUR1 = 7.6 kuna) (hina) ha sb

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