ZADAR, April 28 (Hina) - The Dalmatinska Banka d.d. from Zadar has successfully completed the financial year 1998, with total earnings of US$44.96 million, which is 27.4 per cent more than in 1997. Despite the unstable macro-economic
environment, the overall insolvency and the crisis in the banking system, the bank's gross earnings increased by 10.5 per cent and now amount to US$9.99 million, the president of the bank's management, Zdravko Bubalo, told a news conference in Zadar. The bank's post-tax net earnings amount to US$2 million, which is 33 per cent less than in 1997, Bubalo said, adding that risk reservations, on the other hand, increased by 63.6 per cent, amounting to US$7.87 million. New foreign currency savings are the most reliable indicator of trust in a bank, and they have remained stable, with an increase of 3.2 per cent. The Dalmatinska Banka enjoys trust of foreign
ZADAR, April 28 (Hina) - The Dalmatinska Banka d.d. from Zadar has
successfully completed the financial year 1998, with total
earnings of US$44.96 million, which is 27.4 per cent more than in
1997.
Despite the unstable macro-economic environment, the overall
insolvency and the crisis in the banking system, the bank's gross
earnings increased by 10.5 per cent and now amount to US$9.99
million, the president of the bank's management, Zdravko Bubalo,
told a news conference in Zadar.
The bank's post-tax net earnings amount to US$2 million, which is 33
per cent less than in 1997, Bubalo said, adding that risk
reservations, on the other hand, increased by 63.6 per cent,
amounting to US$7.87 million.
New foreign currency savings are the most reliable indicator of
trust in a bank, and they have remained stable, with an increase of
3.2 per cent.
The Dalmatinska Banka enjoys trust of foreign financial
institutions, Bubalo said. The bank has an open credit line with the
World Bank, amounting to DM15.8 million, and with the European Bank
for Reconstruction and Development, amounting to four million
German marks. These funds are available and ready for allocation to
any good client.
In general, the bank successfully answered to all challenges and
negative impacts of its environment in the past year, said Bubalo.
(hina) jn rml