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Croatian credit institutions boost 9-mo 2021 profit 59.3% y/y - c-bank

Author Annie Tsoneva
Croatian credit institutions boost 9-mo 2021 profit 59.3% y/y - c-bank Photo: HNB

ZAGREB (Croatia), January 27 (SeeNews) - Croatian credit institutions increased their overall profit by 59.3% year-on-year in the first nine months of 2021, to 4 billion kuna ($596 million/ 531 million euro), as impairment charges fell while operating revenue rose, the central bank said.

Consequently, profitability indicators improved compared to their values at the end of the corresponding period of 2020, with return on assets increasing to 1.1% from 0.8%, and return on capital growing to 8.3% from 5.5%, the central bank said in a statement on Wednesday.

All credit institutions in Croatia turned profit in the first nine months of 2021. Their total assets increased to 493 billion kuna at the end of September, up 6.6% compared to the end-2020 value.

The share of non-performing loans declined to 4.7% at the end of the third quarter from 5.4% the end of December 2020.

(1 euro=7.528 Croatian kuna)

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