Croatian lender HPB boosts 9-mo non-cons net profit by 38%

HPB's January-September net interest income grew 4.5% year-on-year and net fee and commission income increased at the same rate, HPB said in a filing to the Zagreb Stock Exchange (ZSE).

Loans to customers rose 13.2% to 14.6 billion kuna, while deposits added 12% to 21.3 billion kuna.

HPB's total assets increased to 24.2 billion kuna at the end of September, from 21.3 billion kuna at the end of last year. 

In April, HPB successfully merged Croatia's Jadranska Banka (JABA). The transaction was completed within a record time span of nine months.

HPB acquired Jadranska Banka by subscribing its 110 million kuna capital increase in July 2018. In February 2019, HPB signed a merger agreement with Jadranska Banka. 

(1 euro = 7.45962 kuna)