Banks in Croatia achieved a net profit of 3.09 billion kuna in the first nine months of this year, which is 855.7 million kuna or 21.7 percent less than in the same period last year, according to data from the aggregated statistical report of banks as of the end of September this year published today by the Croatian National Bank.
According to this data, the net interest income of banks at the end of September amounted to slightly more than 7 billion kuna, and a comparison with the data from the Croatian National Bank published last year for the same period shows a decrease of 6.1 percent or 459.1 million kuna. Net income from fees and commissions increased by 1.2 percent to 2.24 billion kuna. At the same time, total loss provisioning costs increased significantly (by 305 percent), which at the end of September this year amounted to more than two billion kuna (2.07 billion kuna), while in the same period last year they amounted to 512.4 million kuna.
Total loans of banks at the end of September this year amounted to 252.5 billion kuna and were 7.8 percent or 18.3 billion kuna higher than in the same period last year. This increase was primarily influenced by the growth of loans to the state. Thus, loans to the Republic of Croatia as of the end of September this year amounted to 22.4 billion kuna, which is 111.3 percent or 11.8 billion kuna more than in the same period last year, while loans to state funds increased by 51.8 percent to 9.07 billion kuna. At the same time, loans to state-owned enterprises decreased by 12.3 percent to 7.4 billion kuna, while loans to other enterprises increased by 5 percent, rising from 81.8 billion kuna at the end of September last year to 85.9 billion kuna at the end of the same month this year.
