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Commercial banks make gross profit of HRK 2.52 bn in 2014

Author: mses
ZAGREB, March 2 (Hina) - Commercial banks operating in Croatia registered a gross profit of HRK 2.52 billion in 2014, according to unaudited data which the Croatian National Bank (HNB) released about those 28 financial institutions on Monday.

This means that the banks' gross profit in 2014 was twice as high as in 2013, jumping by 1.5 billion or by 148%.

In 2014, a total of 28 lenders operated which was two fewer than in 2013.

During last year, NAVA Bank went into bankruptcy and Banco Popolare merged with OTP Bank Croatia.

The total assets of those 28 credit institutions came to HRK 395.9 billion, down by 0.49% compared to the end of 2013.

Of those 28 institutions, 19 lenders' financial statements regarding pre-tax business results were in the black, and nine banks made a loss of some HRK 806 million, with the Croatian Postal Bank (HPB) accumulating a loss of HRK 632.2 million due to an increase in provisions for loans approved before 2009.

When it comes to a gross profit, Zagrebacka Banka (ZABA) was the top performer with HRK 1.48 billion, rising by 900 million from 2013.

Privredna Banka Zagreb (PBZ) ranks second with gross profit of 821.3 million, which was an increase of HRK 29 million.

The third, the fourth and the fifth places are occupied by Raiffeisenbank Austria, HRK 363.8 million, Erste&Steiermaerkische HRK 266.1 million and Societe Generale - Splitska Banka, HRK 249.2 million, respectively

Five building societies made a gross profit of HRK 71.4 million which then brought the total before tax profit of credit institutions in Croatia in 2014 to HRK 2.6 billion.

(EUR 1 = HRK 7.7)

(Hina) ms

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