Net profit of banks reduced by more than 13 percent in four years

Posted on January 31, 2012

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Interest income was increased by 25.9 percent, while commission and fees income rose 12.2 percent. Although revenues of banks in Croatia rose 14 percent last year compared with 2007, to HRK 29.5bn, their net profits at the same time plummeted 13.6 percent to HRK 3.7bn, the Financial Agency (FINA) reports, based on its archives and HNB’s records. Interest income was increased by 25.9 percent, while commission and fees income rose 12.2 percent. Compared with 2007, a considerable drop was seen in ROAA, from 1.6 to 1.1 percent, and ROAE, from 10.9 to 6.6 percent.

Source: presscut.hr