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Croatian Banks Record Lower Profits
In the first six months of 2012, the net income generated by Croatian banks was down by 19%. The Croatian economy is expected to shrink this year.
Croatian Banks Record Lower Profits / Picture: © Vindobona.org
According to HNB (Croatian National Bank), aggregated net income of Croatian banks was € 341m. The five biggest Croatian banks Zagrebacka banka (UniCredit), Privedna banka (Intesa), Erste Group, Hypo Group and Raiffeisen have a common profit share of 93%, the Croatian newspaper “Poslovni dnevnik” reported. The remaining 7% is made up of 27 other banks. What is more, problems in…
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