Croatian Bank for Reconstruction and Development reports HRK 107.2 mln profit in H1

In the first half of this year the Croatian Bank for Reconstruction and Development (HBOR) earned profits in the amount of HRK 107.2 million, the bank said in a statement on Wednesday.

The bank's revenue in the said period was HRK 445.7 million and the expenditure totalled HRK 338.5 million.

HBOR supported 1,689 projects of Croatian businesses through loans, insurance of export receivables and performance bonds in the amount of HRK 5.7 billion. A total of 1,588 loans were approved in the amount of HRK 4.2 billion, of which 73% was approved for investment financing.

The most active users of HBOR loans were small and medium businesses whose projects were supported with loans worth HRK 3.2 billion, two and a half times more than in the same period last year.

In its statement HBOR underlines support to investments in the tourism sector worth HRK 834.7 million, an increase of close to 50% from the first half of 2015.

Last update: Wed, 31/08/2016 - 15:57
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