February 15 (SeeNews) - Croatia's lender Privredna Banka Zagreb [ZSE:PBZ-R-A], said on Thursday its consolidated net profit dropped 23% to 1.35 billion kuna ($226.5 million/181.5 million euro) in 2017.
The decline in the Group's net profit is mostly due to extraordinary events in 2016, such as the sale of the bank's ISP Card unit and shares in Visa Europe, which pushed up the net profit at the time, the bank said in a filing to the Zagreb bourse.
PBZ's consolidated net interest income edged up 0.03% to 2.9 billion kuna last year, while net income from fees and commissions increased to 1.5 billion kuna from 1.4 billion kuna.
PBZ Group, part of Italian banking group Intesa Sanpaolo, increased its consolidated total assets to 103.0 billion kuna last year, from 99.8 billion kuna in 2015.
PBZ Group members include PBZ Card, PBZ Leasing, PBZ Stambena Stedionica, PBZ Nekretnine, and Intesa Sanpaolo Banka based in Bosnia, as well as Banta Intesa Sanpaolo in Koper, Slovenia.
(1 euro=7.437 kuna)