Commercial banks in Croatia generated a total pre-tax profit of HRK 1.51 billion in the first quarter of 2016, according to preliminary unaudited data for 28 banks released by the Croatian National Bank (HNB) on Tuesday.
Compared with the first quarter of 2015, this was an increase of as much as 159.4%, or HRK 925.84 million.
The report is based on data provided by the banks themselves.
According to the HNB, the total assets of the 28 banks in Croatia stood at HRK 378.6 billion at the end of March 2016, which was a decrease of 3.76% compared with the end of 2015.
Of the 28 banks, 22 reported a gross profit, while six recorded a loss in the total amount of HRK 19.4 million.
Zagrebacka Banka generated the highest pre-tax profit, of HRK 492.35 million, which was an increase of 94% over the first quarter of 2015. It was followed by Privredna Banka Zagreb with a gross profit of HRK 341.63 million, up nearly 50%.
(EUR 1 = HRK 7.487329)