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).

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335