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Nov 09, 2017 13:08 EEST
November 9 (SeeNews) - Italy's UniCredit Group said on Thursday the consolidated profit of its Croatian unit fell 21.5% on the year in the first nine months of 2017 to 78 million euro ($90.5 million).
In Croatia, the UniCredit Group is represented by Zagrebacka Banka [ZSE:ZABA]. Last month, ZABA said in a filing to the Zagreb Stock Exchange that its results have suffered due to growing cost of impairments of loans to corporate clients.
The Croatian unit's net interest income climbed 2.1% to 290 million euro, while net fees and commission income grew 8.1% to 112 million euro, the UniCredit Group said in its financial statement for the first nine months of 2017.
UniCredit's Croatian unit recorded an operating income of 419 million euro in the review period, down 1% year on year. Its net operating profit fell 22.3% to 134 million euro.
The value of customer loans fell 4.9% to 9.099 billion euro, while deposits increased 3.5% to 11.032 billion euro.
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