Croatian Postanska Banka turns to net profit of EUR 6.9mn in 2010.

By bne IntelliNews February 1, 2011
The state-owned Hrvatska Postanska Banka (HPB) reported a net profit of HRK 50.5mn (EUR 6.9mn) in 2010, following a net loss of HRK 448.8mn a year ago, the bank's financial statement showed. The bank's net interest income rose by 11.1% y/y to HRK 374.3mn, while the net income from fees and commissions increased by 13.1% y/y to HRK 197.6mn. The total assets of the bank amounted to HRK 14.8bn as at end-December, up by 5.8% y/y. According to the preliminary data, released by the central bank (HNB), the capital adequacy ratio of the bank reached 12.08% as at end-September. Meanwhile, HPB's market share in terms of total assets stood at 3.71% as at end-September. We recall that HPB has recently raised its capital by 47.7% to HRK 966.6mn (EUR 130.6mn).

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