ZAGREB (Croatia), February 24 (SeeNews) – Croatia’s Hrvatska Postanska Banka (HPB) Group [ZSE:HPB] said on Monday its net profit amounted to 73.6 million euro ($77 million) last year, down from 80.6 million in 2023.
A significant annual increase in net interest income of 32 million euro (22%) to 178.3 million euro was achieved due to a higher volume of liquid assets and a higher average reference interest rate on deposits with central banks, HPB said in a filing to the Zagreb bourse.
Net fee and commission income continues its growth trend, increasing by 6.0 million euro (+21%) in the observed period, driven by higher income in the retail segment and cost savings in the card business.
Administrative costs went up 19.6% to 109.5 million euro last year.
Assets of HPB reached 7.9 billion euro from 7.0 billion in 2023.
Shares of HPB traded flat at 306 euro on Monday afternoon on the Zagreb Stock Exchange.
($ = 0.955 euro)