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Croatia's Erste&Steiermaerkische Bank grows net profit 46% y/y in H1

Author Annie Tsoneva
Croatia's Erste&Steiermaerkische Bank grows net profit 46% y/y in H1

ZAGREB (Croatia), August 1 (SeeNews) - Croatia's Erste&Steiermaerkische Bank d.d., part of Austria's Erste group, reported on Monday a non-consolidated net profit of 745 million kuna ($101 million/99 million euro) for the first half of this year, up from 511 million kuna in the same period of 2021.

The net profit growth is primarily due to reduced risk costs and better operating results, Erste&Steiermaerkische Bank said in a statement.

Net interest income rose 0.7% on the year to 817 million kuna. Net revenue from commissions and fees increased 24.3% to 271 million kuna.

The bank's assets grew to 92.3 billion kuna at the end of June, from 82.8 billion kuna at the end of December.

Deposits in the bank totalled 74.7 billion kuna, compared to 64.9 billion kuna at the end of last year.

Loans to customers rose to 50.7 billion kuna from 45.7 billion kuna at the end of 2021.

The consolidated net profit of the bank and its subsidiaries before minority interests rose 42.6% on the year to 867 million kuna in the first six months of 2022.

(1 euro=7.519 Croatian kuna)

 
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