ZAGREBACKA BANK HAD 292.6 MILLION KUNA OF NET EARNINGS LAST YEAR ZAGREB, May 24 (Hina) - The Zagrebacka Bank registered the net earnings of 292.6 million kuna (approximately 34.4 million US dollars) last year.
ZAGREB, May 24 (Hina) - The Zagrebacka Bank registered the net
earnings of 292.6 million kuna (approximately 34.4 million US
dollars) last year.#L#
During Wednesday's annual General Assembly of shareholders it was
decided to earmark 58.59 million kuna ($6.9 million) of the
earnings to the payment of dividends to shareholders.
The rest of 234 million kuna ($27.5 million) will be allocated to
the bank's reserves.
According to the KPMG firm that audited the bank's accounts, the
total income climbed by 19.5 percent to about 1.6 billion kuna ($188
million) in the last financial year.
Addressing the assembly, the Management Board Chairman, Franjo
Lukovic, said the Zagrebacka bank had managed to increase
significantly its earnings and market portion on the Croatian
banking market in the last year which was, according to him, a very
difficult one, and it is still a leading bank in the country.
(hina) jn ms