October 29 (SeeNews) - Croatian lender Vaba Banka said it turned to a net profit of 3.5 million kuna ($714,000/484,000 euro) in the first nine months of 2009 from a net loss of 12.9 million kuna a year earlier.
Net interest income inched up 0.8% on the year to 30.1 million kuna, the bank said in a statement to the Zagreb Stock Exchange on Wednesday.
Vaba Banka said its total assets stood at 1.3 billion kuna at the end of September, down 9.0% on the end of 2008.
The bank's deposit portfolio totalled 953.6 million kuna at the end of the review period, down 5.6% on the end of 2008.
The three biggest shareholders of Varazdin-based Vaba Banka (www.vaba.hr) are equity management company Fima Validus with a 28.52% stake, Balkan Financial Sector Equity Fund with 16.54% and Pluris d.d. with 10.97%, according to data from the bank's website.
A total of 32 banks were active in Croatia by early September, according to data from the Croatian central bank's website.
Vaba Banka shares were trading down 0.15% at 67.8 kuna by 1356 GMT on Thursday.
(1 euro=7.2294 Croatian kuna)