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Croatian Development Bank HBOR H1 Unaudited Net Profit Rises 13.8% - Table

Sep 3, 2009, 4:54:23 PMArticle by Valentina Dimitrievska
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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.

Croatian Development Bank HBOR H1 Unaudited Net Profit Rises 13.8% - Table

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)

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