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Croatian lender HPB non-cons net profit falls 8.6% in 2019

Croatian lender HPB non-cons net profit falls 8.6% in 2019 Photo: Hrvatska Postanska Banka (HPB)

ZAGREB (Croatia), February 27 (SeeNews) - Croatia's Hrvatska Postanska Banka (HPB) [ZSE:HPB] said on Thursday its non-consolidated net profit fell 8.6% on the year to 138.8 million kuna ($20.4 million/18.6 million euro) in 2019.

HPB's net interest income grew 4.2% year-on-year in 2019, whereas net fee and commission income increased by 3.9%, HPB said in a filing to the Zagreb Stock Exchange (ZSE).

Loans to customers rose 19.2% to 21.2 billion kuna, while deposits added 10.2% to 20.9 billion kuna.

HPB's total assets increased to 23.9 billion kuna at the end of 2019, from 21.3 billion kuna a year earlier. 

In April 2019, Croatia's Jadranska Banka (JABA) successfully merged into HPB. 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.

(1 euro = 7.45869 kuna)

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