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HPB says 90% drop in profit due to provisions related to Agrokor

Author: Roberta Mlinarić

ZAGREB, April 28 (Hina) - In the first quarter of 2017 the Croatian Postal Bank (HPB) earned a net profit of HRK 4.9 million, which is 89.1% less than in the same period of last year, "primarily due to unplanned expenses related to provisions for exposure to the Agrokor Group where events have occurred that negatively affect its ability to duly service obligations to its creditors."

(Hina) rml

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