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Croatia’s HPB to include up to 22.4 mln euro of 2023 profit in Tier-1 common equity

Feb 20, 2024, 4:42:52 PMArticle by Annie Tsoneva
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February 20 (SeeNews) - Croatian lender Hrvatska Postanska Banka (HPB) [ZSE:HPB] said on Tuesday it has received approval by the central bank to include up to 22.42 million euro ($24.3 million) of its profit for last year in the calculation of its common equity Tier-1, in order to meet the respective requirements.

Croatia’s HPB to include up to 22.4 mln euro of 2023 profit in Tier-1 common equity
Hrvatska Postanska Banka (HPB). Source: HPB

The move is aimed at further strengthening the bank's capitalisation and solvency, HPB said in a filing to the Zagreb bourse.

HPB shares traded 0.95% higher at 212 euro on Tuesday afternoon on the Zagreb bourse.

HPB is a component of the two main equity indices of the bourse.

($ = 0.923 euro)

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