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PBZ Group accounts for seven percent of banking sector's foreign debt

Autor: ;rmli;
ZAGREB, June 13 (Hina) - Privredna Banka Zagreb (PBZ) Group accountedfor 7.6 percent of the overall foreign debt of the Croatian bankingsector at the end of last year. At the end of March this year the debtof PBZ Group totalled 4.3 billion kuna, a 7-percent share in theoverall foreign debt of the banking sector, which is significantlyless than the Group's market share measured both by assets and loans,bank officials said today.
ZAGREB, June 13 (Hina) - Privredna Banka Zagreb (PBZ) Group accounted for 7.6 percent of the overall foreign debt of the Croatian banking sector at the end of last year. At the end of March this year the debt of PBZ Group totalled 4.3 billion kuna, a 7-percent share in the overall foreign debt of the banking sector, which is significantly less than the Group's market share measured both by assets and loans, bank officials said today.

The PBZ's share in the overall foreign debt of the banking sector at the end of last year amounted to 7.6 percent and in late March this year it was seven percent. If the bank's debt to the Paris Club is deducted, the PBZ's share in the banking sector foreign debt was 7.4 percent at the end of last year and 6.9 percent at the end of March this year.

This shows that the share of PBZ Group (which also includes Medjimurska Banka) is much smaller than the group's market share.

PBZ Group is the second biggest banking group in Croatia with a market share of 18.77 percent (late March 2005). Measured by total deposits, the group's share was 19.49 percent at the end of March, and measured by total loans, it was 19.36 percent.

According to information from the Croatian National Bank, Croatia's overall foreign debt in late 2004 amounted to 22.67 billion euros, of which banks accounted for 7.65 billion or 33.7 percent. In late March this year, the total foreign debt reached 22.9 billion euros, with the banks' share going up to 35.5 percent, totaling 8.1 billion euros.

(Hina) rml

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