ZAGREB REALISED US17 MILLION OF PROFIT IN 1998 ZAGREB, April 20 (Hina) - The Privredna Banka Zagreb (PBZ) d.d. has completed the financial year 1998 with net earnings amounting to US$17 million, which is five times more than the year
before, the PBZ reported on Tuesday. The increase in net profit is the result of a clear strategy of the new management, consisting of cautious bank management, and a more conservative approach to reservations regarding risky assets and investments.(hina) rml
ZAGREB, April 20 (Hina) - The Privredna Banka Zagreb (PBZ) d.d. has
completed the financial year 1998 with net earnings amounting to
US$17 million, which is five times more than the year before, the
PBZ reported on Tuesday.
The increase in net profit is the result of a clear strategy of the
new management, consisting of cautious bank management, and a more
conservative approach to reservations regarding risky assets and
investments.
(hina) rml