You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Croatian banks Q1 pre-tax profit at prelim 815.6 mln kuna (107.5 mln euro)

Croatian banks Q1 pre-tax profit at prelim 815.6 mln kuna (107.5 mln euro)

ZAGREB (Croatia), May 15 (SeeNews) - Croatia's banks, including savings banks, posted a combined pre-tax profit of 815.6 million kuna ($146.9 million/107.5 million euro) in the first three moths of 2014, provisional unaudited data from the country's central bank showed on Thursday.

A year earlier, preliminary central bank data showed that Croatian lenders, including savings banks, posted a combined pre-tax profit of 859 million kuna.

The combined total assets of the local banks amounted to 399.3 billion kuna at the end of March versus an audited 397.9 billion kuna at the end of December 2013, central bank data showed.

A total of 11 local banks were loss-makers in the first quarter of the year, up from 10 a year earlier.

Zagrebacka Banka [ZSE:ZABA-R-A]  was Croatia's top performer in the review period with a pre-tax profit of 354.1 million kuna, the data from the central bank showed. It was followed by Privredna Banka Zagreb [ZSE:PBZ-R-A] and Raiffeisen Bank Austria with a pre-tax profit of 208.4 million kuna and 142.2 million kuna, respectively.

Among the loss-makers, Jadranska Banka led the way with a pre-tax loss of 11 million kuna in the three months through March. Karlovacka Banka [ZSE:KABA-R-A] came in second with a pre-tax loss of 7.95 million kuna followed by Banco Popolare [ZSE:SSNC-R-A] with 6.59 million kuna.

Over the review period, 30 banks and savings banks operated in Croatia, a country of 4.3 million.

(1 euro=7.5903 Croatian kuna)

Compare