By Helgi Library - November 29, 2018
Addiko Bank Croatia's mortgage loans reached HRK 4,046 mil in 2017, down 21.0% compared to the previous year. Croatian banking ...
By Helgi Library - November 29, 2018
Addiko Bank Croatia's mortgage loans reached HRK 4,046 mil in 2017, down 21.0% compared to the previous year. Croatian banking ...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's capital adequacy ratio reached 27.8% at the end of 2017, down from 29.4% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | HRK mil | 431 | 444 | 481 |
| Net Fee Income | HRK mil | 24.6 | 180 | 175 |
| Other Income | HRK mil | -21.4 | 193 | 105 |
| Total Revenues | HRK mil | 434 | 817 | 761 |
| Staff Cost | HRK mil | 277 | 246 | 228 |
| Operating Profit | HRK mil | -224 | 117 | 270 |
| Provisions | HRK mil | 623 | 106 | 112 |
| Net Profit | HRK mil | -2,535 | 59.6 | 230 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | HRK mil | 678 | 113 | 473 |
| Customer Loans | HRK mil | 17,006 | 12,341 | 10,401 |
| Total Assets | HRK mil | 25,474 | 20,981 | 21,131 |
| Shareholders' Equity | HRK mil | 2,565 | 2,582 | 2,861 |
| Interbank Borrowing | HRK mil | 3,243 | 718 | 518 |
| Customer Deposits | HRK mil | 15,859 | 15,499 | 15,657 |
| Issued Debt Securities | HRK mil | 1,822 | 1,804 | 1,794 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -69.1 | 2.32 | 8.44 |
| ROA | % | -9.41 | 0.257 | 1.09 |
| Costs (As % Of Assets) | % | 2.44 | 3.01 | 2.33 |
| Costs (As % Of Income) | % | 152 | 85.6 | 64.5 |
| Capital Adequacy Ratio | % | 21.9 | 29.4 | 27.8 |
| Net Interest Margin | % | 1.60 | 1.91 | 2.28 |
| Loans (As % Of Deposits) | % | 107 | 79.6 | 66.4 |
| NPLs (As % Of Loans) | % | 15.0 | 14.2 | 16.5 |
| Provisions (As % Of NPLs) | % | 62.5 | 70.4 | 60.9 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -66.1 | 88.2 | -6.77 |
| Operating Cost Growth | % | -40.7 | 6.35 | -29.8 |
| Operating Profit Growth | % | -230 | -152 | 131 |
| Net Profit Growth | % | 2,091 | -102 | 285 |
| Customer Loan Growth | % | -11.0 | -27.4 | -15.7 |
| Total Asset Growth | % | -10.3 | -17.6 | 0.711 |
| Customer Deposit Growth | % | -13.5 | -2.27 | 1.02 |
| Shareholders' Equity Growth | % | -46.2 | 0.634 | 10.8 |
| Employees | 1,442 | 1,256 | 1,130 | |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||||
| Net Interest Income | HRK mil | 900 | 662 | 632 | 467 | 431 | ||||||||||||||
| Total Revenues | HRK mil | 1,350 | 1,171 | 1,133 | 1,281 | 434 | ||||||||||||||
| Operating Profit | HRK mil | 525 | 325 | 298 | 172 | -224 | ||||||||||||||
| Net Profit | HRK mil | 44.7 | 272 | -530 | -116 | -2,535 | ||||||||||||||
| balance sheet | ||||||||||||||||||||
| Interbank Loans | HRK mil | 473 | 663 | 221 | 676 | 678 | ||||||||||||||
| Customer Loans | HRK mil | 29,761 | 24,365 | 21,511 | 19,110 | 17,006 | ||||||||||||||
| Debt Securities | HRK mil | 4,825 | 4,141 | 3,322 | 2,759 | 2,833 | ||||||||||||||
| Total Assets | HRK mil | 41,714 | 35,422 | 30,723 | 28,392 | 25,474 | ||||||||||||||
| Shareholders' Equity | HRK mil | 5,441 | 5,683 | 4,892 | 4,772 | 2,565 | ||||||||||||||
| Interbank Borrowing | HRK mil | 15,957 | 8,676 | 1,382 | 1,041 | 3,243 | ||||||||||||||
| Customer Deposits | HRK mil | 16,656 | 18,250 | 19,041 | 18,340 | 15,859 | ||||||||||||||
| Issued Debt Securities | HRK mil | 2,430 | 2,441 | 2,205 | 1,917 | 1,822 | ||||||||||||||
| ratios | ||||||||||||||||||||
| ROE | % | 0.756 | 4.89 | -10.0 | -2.39 | -69.1 | ||||||||||||||
| ROA | % | 0.111 | 0.705 | -1.60 | -0.391 | -9.41 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.04 | 2.19 | 2.53 | 3.75 | 2.44 | ||||||||||||||
| Costs (As % Of Income) | % | 61.1 | 72.2 | 73.7 | 86.6 | 152 | ||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | 18.0 | 20.3 | 21.9 | 26.5 | 21.9 | ||||||
| Net Interest Margin | % | 2.23 | 1.72 | 1.91 | 1.58 | 1.60 | ||||||||||||||
| Interest Income (As % Of Revenues) | % | 66.7 | 56.5 | 55.8 | 36.5 | 99.3 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 17.7 | 18.9 | 19.2 | 15.9 | 5.67 | ||||||||||||||
| Staff Cost (As % Of Total Cost) | % | 39.1 | 35.1 | 35.6 | 24.8 | 42.1 | ||||||||||||||
| Equity (As % Of Assets) | % | 13.0 | 16.0 | 15.9 | 16.8 | 10.1 | ||||||||||||||
| Loans (As % Of Deposits) | % | 179 | 134 | 113 | 104 | 107 | ||||||||||||||
| Loans (As % Assets) | % | 71.3 | 68.8 | 70.0 | 67.3 | 66.8 | ||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 28.0 | 14.6 | 13.0 | 12.0 | 15.0 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 30.3 | 29.9 | 46.2 | 54.4 | 62.5 | ||||||
| valuation | ||||||||||||||||||||
| Book Value Per Share Growth | % | ... | -12.5 | -26.5 | -4.47 | -26.1 | -7.82 |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||||
| Interest Income | HRK mil | 2,041 | 1,849 | 1,494 | 1,172 | 990 | ||||||||||||||
| Interest Cost | HRK mil | 1,141 | 1,187 | 862 | 705 | 559 | ||||||||||||||
| Net Interest Income | HRK mil | 900 | 662 | 632 | 467 | 431 | ||||||||||||||
| Net Fee Income | HRK mil | 239 | 221 | 217 | 204 | 24.6 | ||||||||||||||
| Other Income | HRK mil | 211 | 288 | 284 | 610 | -21.4 | ||||||||||||||
| Total Revenues | HRK mil | 1,350 | 1,171 | 1,133 | 1,281 | 434 | ||||||||||||||
| Staff Cost | HRK mil | 323 | 297 | 298 | 275 | 277 | ||||||||||||||
| Depreciation | HRK mil | 131 | 130 | 133 | 159 | 110 | ||||||||||||||
| Other Cost | HRK mil | 371 | 419 | 405 | 675 | 271 | ||||||||||||||
| Operating Cost | HRK mil | 825 | 846 | 836 | 1,109 | 658 | ||||||||||||||
| Operating Profit | HRK mil | 525 | 325 | 298 | 172 | -224 | ||||||||||||||
| Provisions | HRK mil | 468 | -15.1 | 928 | 300 | 623 | ||||||||||||||
| Extra and Other Cost | HRK mil | 0 | 0 | 0 | 0 | 1,591 | ||||||||||||||
| Pre-Tax Profit | HRK mil | 57.1 | 340 | -631 | -128 | -2,438 | ||||||||||||||
| Tax | HRK mil | 12.5 | 68.4 | -100 | -12.2 | 96.2 | ||||||||||||||
| Minorities | HRK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Net Profit | HRK mil | 44.7 | 272 | -530 | -116 | -2,535 | ||||||||||||||
| growth rates | ||||||||||||||||||||
| Net Interest Income Growth | % | ... | -12.5 | -26.5 | -4.47 | -26.1 | -7.82 | |||||||||||||
| Net Fee Income Growth | % | ... | -17.6 | -7.35 | -1.89 | -6.13 | -87.9 | |||||||||||||
| Total Revenue Growth | % | ... | -8.12 | -13.3 | -3.25 | 13.0 | -66.1 | |||||||||||||
| Operating Cost Growth | % | ... | 11.7 | 2.53 | -1.22 | 32.7 | -40.7 | |||||||||||||
| Operating Profit Growth | % | ... | -28.2 | -38.1 | -8.53 | -42.2 | -230 | |||||||||||||
| Pre-Tax Profit Growth | % | ... | -76.1 | 496 | -285 | -79.7 | 1,807 | |||||||||||||
| Net Profit Growth | % | ... | -76.0 | 509 | -295 | -78.2 | 2,091 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Revenues | % | 8.40 | 7.89 | 7.87 | 8.85 | 2.98 | ||||||||||||||
| Market Share in Net Profit | % | 1.18 | 9.98 | ... | ... | ... | ||||||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | 8.31 | 8.14 | 7.58 | 7.65 | 6.89 |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||||||||
| Cash | HRK mil | 5,210 | 4,573 | 3,567 | 3,886 | 3,940 | ||||||||||||||
| Interbank Loans | HRK mil | 473 | 663 | 221 | 676 | 678 | ||||||||||||||
| Customer Loans | HRK mil | 29,761 | 24,365 | 21,511 | 19,110 | 17,006 | ||||||||||||||
| Retail Loans | HRK mil | 12,252 | 11,596 | 10,757 | 9,716 | 9,332 | ||||||||||||||
| Mortgage Loans | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 8,849 | 8,488 | 8,001 | 7,506 | 7,512 | ||||||
| Consumer Loans | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,403 | 3,108 | 2,756 | 2,210 | 1,819 | ||||||
| Corporate Loans | HRK mil | 17,003 | 10,363 | 8,710 | 7,675 | 6,709 | ||||||||||||||
| Debt Securities | HRK mil | 4,825 | 4,141 | 3,322 | 2,759 | 2,833 | ||||||||||||||
| Fixed Assets | HRK mil | 1,445 | 924 | 1,220 | 614 | 509 | ||||||||||||||
| Total Assets | HRK mil | 41,714 | 35,422 | 30,723 | 28,392 | 25,474 | ||||||||||||||
| Shareholders' Equity | HRK mil | 5,441 | 5,683 | 4,892 | 4,772 | 2,565 | ||||||||||||||
| Of Which Minority Interest | HRK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Liabilities | HRK mil | 36,273 | 29,739 | 25,832 | 23,619 | 22,908 | ||||||||||||||
| Interbank Borrowing | HRK mil | 15,957 | 8,676 | 1,382 | 1,041 | 3,243 | ||||||||||||||
| Customer Deposits | HRK mil | 16,656 | 18,250 | 19,041 | 18,340 | 15,859 | ||||||||||||||
| Retail Deposits | HRK mil | 11,809 | 12,711 | 15,470 | 14,332 | 11,355 | ||||||||||||||
| Corporate Deposits | HRK mil | 4,471 | 5,223 | 3,571 | 4,008 | 4,205 | ||||||||||||||
| Issued Debt Securities | HRK mil | 2,430 | 2,441 | 2,205 | 1,917 | 1,822 | ||||||||||||||
| Other Liabilities | HRK mil | 1,230 | 372 | 3,204 | 2,321 | 1,984 | ||||||||||||||
| asset quality | ||||||||||||||||||||
| Non-Performing Loans | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 9,116 | 3,722 | 2,986 | 2,462 | 2,812 | ||||||
| Gross Loans | HRK mil | 32,525 | 25,478 | 22,890 | 20,449 | 18,765 | ||||||||||||||
| Total Provisions | HRK mil | 2,764 | 1,113 | 1,379 | 1,339 | 1,758 | ||||||||||||||
| growth rates | ||||||||||||||||||||
| Customer Loan Growth | % | ... | 5.48 | -18.1 | -11.7 | -11.2 | -11.0 | |||||||||||||
| Retail Loan Growth | % | ... | -0.043 | -5.35 | -7.24 | -9.67 | -3.95 | |||||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.493 | -4.08 | -5.74 | -6.18 | 0.087 | |||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.14 | -8.67 | -11.3 | -19.8 | -17.7 | |||||
| Corporate Loan Growth | % | ... | 4.45 | -39.1 | -16.0 | -11.9 | -12.6 | |||||||||||||
| Total Asset Growth | % | ... | 6.63 | -15.1 | -13.3 | -7.59 | -10.3 | |||||||||||||
| Shareholders' Equity Growth | % | ... | -14.7 | 4.44 | -13.9 | -2.44 | -46.2 | |||||||||||||
| Customer Deposit Growth | % | ... | 5.64 | 9.57 | 4.33 | -3.68 | -13.5 | |||||||||||||
| Retail Deposit Growth | % | ... | 12.3 | 7.64 | 21.7 | -7.36 | -20.8 | |||||||||||||
| Corporate Deposit Growth | % | ... | -3.01 | 16.8 | -31.6 | 12.2 | 4.90 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Customer Loans | % | 11.8 | 10.3 | 9.19 | 8.32 | 7.64 | ||||||||||||||
| Market Share in Corporate Loans | % | 15.2 | 10.7 | 9.11 | 8.34 | 7.69 | ||||||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 5.22 | 4.86 | 4.38 | 3.49 | 2.90 | ||||||
| Market Share in Consumer Loans | % | 9.56 | 9.18 | 8.70 | 7.94 | 7.75 | ||||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 14.1 | 13.6 | 13.2 | 12.7 | 13.0 | ||||||
| Market Share in Total Assets | % | 10.0 | 8.63 | 7.40 | 6.77 | 6.12 | ||||||||||||||
| Market Share in Customer Deposits | % | 7.55 | 8.04 | 8.05 | 7.51 | 6.17 | ||||||||||||||
| Market Share in Retail Deposits | % | 6.93 | 7.14 | 8.62 | 7.83 | 6.05 | ||||||||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | 9.29 | 11.6 | 8.44 | 9.17 | 7.92 |
| ratios | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||||||||
| ROE | % | 0.756 | 4.89 | -10.0 | -2.39 | -69.1 | ||||||||||||||
| ROA | % | 0.111 | 0.705 | -1.60 | -0.391 | -9.41 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.04 | 2.19 | 2.53 | 3.75 | 2.44 | ||||||||||||||
| Costs (As % Of Income) | % | 61.1 | 72.2 | 73.7 | 86.6 | 152 | ||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | 18.0 | 20.3 | 21.9 | 26.5 | 21.9 | ||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | 26.1 | 28.7 | 29.7 | 31.9 | 12.5 | ||||||
| Net Interest Margin | % | 2.23 | 1.72 | 1.91 | 1.58 | 1.60 | ||||||||||||||
| Interest Spread | % | ... | 1.74 | 1.20 | 1.42 | 1.12 | 1.27 | |||||||||||||
| Asset Yield | % | 5.05 | 4.79 | 4.52 | 3.97 | 3.68 | ||||||||||||||
| Cost Of Liabilities | % | ... | 3.31 | 3.60 | 3.10 | 2.85 | 2.41 | |||||||||||||
| Interest Income (As % Of Revenues) | % | 66.7 | 56.5 | 55.8 | 36.5 | 99.3 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 17.7 | 18.9 | 19.2 | 15.9 | 5.67 | ||||||||||||||
| Other Income (As % Of Revenues) | % | 15.6 | 24.6 | 25.0 | 47.6 | -4.94 | ||||||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | 2,768 | 2,397 | 2,641 | 2,380 | 2,401 | ||||||||
| Cost Per Employee (Local Currency) | HRK per month | ... | ... | ... | ... | ... | ... | 14,808 | 14,026 | 15,074 | 14,113 | 15,995 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 39.1 | 35.1 | 35.6 | 24.8 | 42.1 | ||||||||||||||
| Equity (As % Of Assets) | % | 13.0 | 16.0 | 15.9 | 16.8 | 10.1 | ||||||||||||||
| Loans (As % Of Deposits) | % | 179 | 134 | 113 | 104 | 107 | ||||||||||||||
| Loans (As % Assets) | % | 71.3 | 68.8 | 70.0 | 67.3 | 66.8 | ||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 28.0 | 14.6 | 13.0 | 12.0 | 15.0 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 30.3 | 29.9 | 46.2 | 54.4 | 62.5 | ||||||
| Provisions (As % Of Loans) | % | 9.29 | 4.57 | 6.41 | 7.01 | 10.3 | ||||||||||||||
| Cost of Provisions (As % Of Loans) | % | 1.61 | -0.056 | 4.05 | 1.48 | 3.45 |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||||||
| Employees | ... | ... | ... | ... | ... | ... | 1,817 | 1,762 | 1,645 | 1,622 | 1,442 |
Get all company financials in excel:
By Helgi Library - August 3, 2018
Addiko Bank Croatia's capital adequacy ratio reached 27.8% at the end of 2017, down from 29.4% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 29.4% in 2016 and an all time low of 14.9% in 2009. The Tier 1 ratio a...
By Helgi Library - August 3, 2018
Addiko Bank Croatia made a net profit of HRK 230 mil in 2017, up 285% compared to the previous year. This implies a return on equity of 8.44%. Historically, the bank’s net profit reached an all time high of HRK 272 mil in 2012 and an all time low of HRK -2,...
By Helgi Library - August 3, 2018
Addiko Bank Croatia made a net profit of HRK 230 mil in 2017, up 285% compared to the previous year. This implies a return on equity of 8.44%. Historically, the bank’s net profit reached an all time high of HRK 272 mil in 2012 and an all time low of HRK -2,...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's non-performing loans reached 16.5% of total loans at the end of 2017, up from 14.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 31.1% in 2008 and an all time low of 11.4% in 2007. Provision covera...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's non-performing loans reached 16.5% of total loans at the end of 2017, up from 14.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 31.1% in 2008 and an all time low of 11.4% in 2007. Provision covera...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's net interest margin amounted to 2.28% in 2017, up from 1.91% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.70% in 2000 and an all time low of 1.58% in 2014. The average ma...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's net interest margin amounted to 2.28% in 2017, up from 1.91% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.70% in 2000 and an all time low of 1.58% in 2014. The average ma...
By Helgi Library - August 3, 2018
Addiko Bank Croatia generated total banking revenues of HRK 761 mil in 2017, down 6.77% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last year...
By Helgi Library - August 3, 2018
Addiko Bank Croatia generated total banking revenues of HRK 761 mil in 2017, down 6.77% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last year...
By Helgi Library - August 3, 2018
Addiko Bank Croatia's customer deposits reached HRK 15,657 mil in 2017, up 1.02% compared to the previous year. Croatian banking sector accepted customer deposits of HRK 273 bil in 2017, up 2.57% when compared to the last year. Addiko Bank Croatia account...
Addiko Bank Croatia is a successor of Hypo Alpe-Adria-Bank, an Austrian Banking Group, which was nationalized in 2009. In December 2014, the Bank was sold to Advent International and the EBRD. The bank renamed itself as Addiko Bank in 2016. The Bank operates in Croatia since 1996 providing financial products and services to corporate clients, public institutions and retail clients. Following the integration of Slavonska Banka Osijek in early 2009, Hypo Bank now covers more than 400,000 clients in all parts of Croatia through 74 branches and more than 270 ATMs. The Bank maintains approximately 8% market share on the Croatian banking market by assets and 13% in mortgage loans. The Addiko Group has numerous cross-border activities in the Alps-Adriatic region. The group is active in Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro.
Addiko Bank Croatia has been growing its revenues and asset by -0.788% and -2.22% a year on average in the last 10 years. Its loans and deposits have grown by -4.18% and 4.53% a year during that time and loans to deposits ratio reached 66.4% at the end of 2017. The company achieved an average return on equity of -5.72% in the last decade with net profit growing 7.36% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.5% in 2017, compared to 76.7% average in the last decade.
Equity represented 13.5% of total assets or 27.5% of loans at the end of 2017. Addiko Bank Croatia's non-performing loans were 16.5% of total loans while provisions covered some 60.9% of NPLs at the end of 2017.
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