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Banks' gross profit in late September down 8.2% y-o-y

ZAGREB, Nov 23 (Hina) - Banks in Croatia earned pre-tax profits in the amount of 1.96 billion kuna in the first nine months of 2014, according to preliminary unaudited data for 30 banks, published by the Croatian National Bank (HNB) this past Monday.

Compared to data of one year ago, the banks' gross profits on the last day of September 2014 were down 8.2% or 176.3 million kuna.

The banks' and savings banks' assets at the end of September were 399.7 billion kuna, 0.47% up from the end of 2013.

Of the 30 banks and savings banks, 20 operated at a profit and 10 at a loss.

Zagrebacka Banka reported the highest gross profit, amounting to slightly more than one billion kuna. It is followed by Privredna Banka Zagreb, with a pre-tax profit of HRK 641 million.

Raiffeisenbank Austria earned a gross profit amounting to 358.2 million kuna, Erste&Steiermaerkische Bank reported a gross profit of 231.1 million, and Societe Generale - Splitska Banka a gross profit of 213.5 million kuna.

When the gross profit of five building societies, totalling 66.7 million kuna, is added to this amount, the lenders' total pre-tax profit at the end of September reaches 2.03 billion kuna.

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