Based on a comparison of 23 banks in Croatia in 2016, Zagrebacka Banka was the most cost efficient bank, followed by Erste & Steiermarkische Bank and Privredna Banka Zagreb.
Zagrebacka Banka's cost to income ratio reached 45.3% in 2016, down from 50.8% when compared to the last year. Historically, the bank’s costs reached an all time high of 64.0% in 2002 and an all time low of 45.3% in 2016.
When compared to total assets, bank's cost amounted to 1.39% in 2016, down from 2.07% a year earlier.
Comparing Zagrebacka Banka with its closest peers, Erste & Steiermarkische Bank operated in 2016 with a cost to income ratio of 46.7%, Privredna Banka Zagreb reached 47.5% and Splitska Banka some 50.6%.
The average cost to income ratio reached 45.2% in the Croatian banking sector in 2016.
You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Croatian banks in the report section.
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