The Croatian National Bank (HNB) achieved a profit of 927.14 million kuna in 2019, thus returning to positive operations after two years of losses, as shown in the annual report of the central bank published on Friday.
Namely, the loss of the central bank in 2017 amounted to around 2.5 billion kuna, while in 2018 it was 468 million kuna.
From last year’s profit, 117.4 million kuna was paid into the state budget, and 809.73 million kuna into the general reserves of the HNB.
– Last year, in which key steps were taken towards joining the European Exchange Rate Mechanism and the Banking Union, was successful both economically and in terms of achieving the goals of the HNB. As in all previous years, the prudent policy of the HNB, guided solely by professional principles and concern for the economic well-being of citizens and entrepreneurs, increased the resilience of the economy and created reserves for crisis action. The management of reserves, monetary policy, capital requirements for banks, payment transactions, cash supply, and everything else we did for the common good in the central bank in 2019 can only be assessed in the most demanding possible circumstances. At the time of the publication of this report, we know that 2020 is precisely such – emphasized among other things the governor of the HNB, Boris Vujčić, in the introduction to the annual report.
