Romania sells 269 mln euro of 2027 T-notes, above target
Siemens Bulgaria, Nasekomo partner for insect protein boost
Albanian insurers GWP up 9.6% in Jan-Oct
Serbia's domestic PPI rises 0.8% y/y in Nov
Bulgaria's Etropal swings to 9-mo cons net profit
Feb 22, 2023 14:44 EEST
February 22 (SeeNews) - Croatia's top lender Zagrebacka Banka Group [ZSE:ZABA], part of Italy's UniCredit, said on Wednesday its consolidated after-tax profit rose 24.8% on the year in 2022, reaching 1.871 billion kuna ($264 million/248 million euro) on the back of higher operating revenue.
Operating revenue rose 11.8% to 5.264 billion kuna last year, whereas operating costs were 8.7% higher at 2.420 billion kuna, Zagrebacka said in a filing to the Zagreb bourse, quoting unaudited figures.
Net interest income rose 8.3% year-on-year to 3.054 billion kuna in the period under review, net revenue from commissions and fees increased 14% to 1.563 billion kuna, and net profit from trading activities and other revenues and costs went up 24.6% to 647 million kuna.
Costs of value adjustments and reservations for losses totalled 504 million kuna last year, down from 505 million kuna in 2021.
Net loans and advance payments to clients totalled 88.917 billion kuna, 8.9% higher compared to 2021, while deposits increased 12.7% to 143.591 billion kuna.
The assets of the Zagrebacka Banka Group rose 12.5% last year, to 178.266 billion kuna.
The bank's shares traded flat at 10.50 euro on the Zagreb bourse on Wednesday morning.
($ = 0.940 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options