September 3 (SeeNews) - Croatian government-owned development bank Hrvatska banka za obnovu i razvitak d.d. (HBOR) reported on Thursday an unaudited net profit of 84.46 million kuna ($16.4 million/11.5 million euro) in the first half of 2009, 13.8% up from a year earlier.
The bank issued the following details in a statement on its website (www.hbor.hr):
(in millions of kuna): |
H1'09 |
H1'08 |
Net profit |
84.46 |
74.22 |
Pre-tax profit |
84.46 |
74.22 |
Net commissions and fees income |
7.14 |
10.52 |
Net interest income |
169.34 |
200.95 |
Other income |
167.69 |
206.22 |
HBOR is the only development and export financing bank in Croatia. It was set up in 1992 to assist local businesses directly or through the nation's commercial banks.
(1 euro=7.3444 Croatian kuna)