By Helgi Library - July 16, 2018
Zagrebacka Banka generated total banking revenues of HRK 5,451 mil in 2017, down 2.45% compared to the previous year. Croa...
By Helgi Library - July 16, 2018
Zagrebacka Banka generated total banking revenues of HRK 5,451 mil in 2017, down 2.45% compared to the previous year. Croa...
By Helgi Library - July 2, 2018
Zagrebacka Banka employed 5,424 persons in 2017, down 1.38% when compared to the previous year. Historically, the bank's workfor...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | HRK mil | 3,331 | 3,479 | 3,571 |
| Net Fee Income | HRK mil | 1,219 | 1,269 | 1,341 |
| Other Income | HRK mil | 510 | 840 | 539 |
| Total Revenues | HRK mil | 5,060 | 5,588 | 5,451 |
| Staff Cost | HRK mil | 1,152 | 1,107 | 1,127 |
| Operating Profit | HRK mil | 2,489 | 3,054 | 2,849 |
| Provisions | HRK mil | 2,722 | 915 | 1,505 |
| Net Profit | HRK mil | -150 | 1,686 | 1,042 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | HRK mil | 10,984 | 16,116 | 13,577 |
| Customer Loans | HRK mil | 84,340 | 80,746 | 77,217 |
| Total Assets | HRK mil | 128,004 | 128,328 | 126,893 |
| Shareholders' Equity | HRK mil | 17,036 | 18,694 | 18,111 |
| Interbank Borrowing | HRK mil | 9,095 | 12,865 | 8,822 |
| Customer Deposits | HRK mil | 86,544 | 92,228 | 95,249 |
| Issued Debt Securities | HRK mil | 1,956 | 2,473 | 3,898 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -0.836 | 9.44 | 5.66 |
| ROA | % | -0.121 | 1.32 | 0.817 |
| Costs (As % Of Assets) | % | 2.07 | 1.98 | 2.04 |
| Costs (As % Of Income) | % | 50.8 | 45.3 | 47.7 |
| Capital Adequacy Ratio | % | 24.7 | 26.2 | 27.8 |
| Net Interest Margin | % | 2.69 | 2.71 | 2.80 |
| Loans (As % Of Deposits) | % | 97.5 | 87.6 | 81.1 |
| NPLs (As % Of Loans) | % | 16.2 | 14.9 | 11.4 |
| Provisions (As % Of NPLs) | % | 62.8 | 73.3 | 73.4 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -1.09 | 10.4 | -2.45 |
| Operating Cost Growth | % | 2.23 | -1.44 | 2.68 |
| Operating Profit Growth | % | -4.31 | 22.7 | -6.71 |
| Net Profit Growth | % | -114 | -1,224 | -38.2 |
| Customer Loan Growth | % | 4.01 | -4.26 | -4.37 |
| Total Asset Growth | % | 6.57 | 0.253 | -1.12 |
| Customer Deposit Growth | % | 13.9 | 6.57 | 3.28 |
| Shareholders' Equity Growth | % | -9.60 | 9.73 | -3.12 |
| Employees | 5,653 | 5,500 | 5,424 | |
Get all company financials in excel:
| summary | Unit | 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 | 3,513 | 3,166 | 3,040 | 3,121 | 3,331 | |||||||||||||
| Total Revenues | HRK mil | 5,255 | 5,082 | 4,947 | 5,116 | 5,060 | |||||||||||||
| Operating Profit | HRK mil | 2,764 | 2,707 | 2,564 | 2,601 | 2,489 | |||||||||||||
| Net Profit | HRK mil | 1,416 | 1,153 | 692 | 1,051 | -150 | |||||||||||||
| balance sheet | |||||||||||||||||||
| Interbank Loans | HRK mil | 11,844 | 9,841 | 10,632 | 10,970 | 10,984 | |||||||||||||
| Customer Loans | HRK mil | 79,514 | 78,729 | 81,065 | 81,087 | 84,340 | |||||||||||||
| Debt Securities | HRK mil | 7,745 | 10,709 | 12,062 | 12,810 | 12,700 | |||||||||||||
| Total Assets | HRK mil | 119,691 | 120,201 | 123,724 | 120,115 | 128,004 | |||||||||||||
| Shareholders' Equity | HRK mil | 17,468 | 18,103 | 18,179 | 18,845 | 17,036 | |||||||||||||
| Interbank Borrowing | HRK mil | 11,645 | 13,649 | 13,969 | 10,570 | 9,095 | |||||||||||||
| Customer Deposits | HRK mil | 86,885 | 86,112 | 88,678 | 75,972 | 86,544 | |||||||||||||
| Issued Debt Securities | HRK mil | 75.3 | 76.0 | 76.9 | 871 | 1,956 | |||||||||||||
| ratios | |||||||||||||||||||
| ROE | % | 8.46 | 6.48 | 3.81 | 5.68 | -0.836 | |||||||||||||
| ROA | % | 1.22 | 0.961 | 0.567 | 0.862 | -0.121 | |||||||||||||
| Costs (As % Of Assets) | % | 2.15 | 1.98 | 1.95 | 2.06 | 2.07 | |||||||||||||
| Costs (As % Of Income) | % | 47.4 | 46.7 | 48.2 | 49.2 | 50.8 | |||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.7 | 23.6 | 23.8 | 25.6 | 24.7 | |||
| Net Interest Margin | % | 3.03 | 2.64 | 2.49 | 2.56 | 2.69 | |||||||||||||
| Interest Income (As % Of Revenues) | % | 66.9 | 62.3 | 61.5 | 61.0 | 65.8 | |||||||||||||
| Fee Income (As % Of Revenues) | % | 20.8 | 21.4 | 22.4 | 22.9 | 24.1 | |||||||||||||
| Staff Cost (As % Of Total Cost) | % | 49.6 | 46.8 | 48.6 | 48.0 | 44.8 | |||||||||||||
| Equity (As % Of Assets) | % | 14.6 | 15.1 | 14.7 | 15.7 | 13.3 | |||||||||||||
| Loans (As % Of Deposits) | % | 91.5 | 91.4 | 91.4 | 107 | 97.5 | |||||||||||||
| Loans (As % Assets) | % | 66.4 | 65.5 | 65.5 | 67.5 | 65.9 | |||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 9.70 | 13.4 | 16.0 | 17.2 | 16.2 | |||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 50.4 | 54.3 | 54.0 | 57.4 | 62.8 | |||||||||
| valuation | |||||||||||||||||||
| Book Value Per Share Growth | % | ... | 8.75 | -9.87 | -3.99 | 2.67 | 6.73 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Interest Income | HRK mil | 6,218 | 6,464 | 6,462 | 6,572 | 6,662 | |||||||||||||
| Interest Cost | HRK mil | 2,706 | 3,298 | 3,422 | 3,451 | 3,331 | |||||||||||||
| Net Interest Income | HRK mil | 3,513 | 3,166 | 3,040 | 3,121 | 3,331 | |||||||||||||
| Net Fee Income | HRK mil | 1,096 | 1,088 | 1,110 | 1,173 | 1,219 | |||||||||||||
| Other Income | HRK mil | 646 | 828 | 797 | 822 | 510 | |||||||||||||
| Total Revenues | HRK mil | 5,255 | 5,082 | 4,947 | 5,116 | 5,060 | |||||||||||||
| Staff Cost | HRK mil | 1,235 | 1,112 | 1,158 | 1,208 | 1,152 | |||||||||||||
| Depreciation | HRK mil | 301 | 291 | 280 | 238 | 284 | |||||||||||||
| Other Cost | HRK mil | 955 | 972 | 945 | 1,069 | 1,135 | |||||||||||||
| Operating Cost | HRK mil | 2,490 | 2,375 | 2,383 | 2,515 | 2,571 | |||||||||||||
| Operating Profit | HRK mil | 2,764 | 2,707 | 2,564 | 2,601 | 2,489 | |||||||||||||
| Provisions | HRK mil | 917 | 1,183 | 1,643 | 1,110 | 2,722 | |||||||||||||
| Extra and Other Cost | HRK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Pre-Tax Profit | HRK mil | 1,847 | 1,524 | 921 | 1,491 | -233 | |||||||||||||
| Tax | HRK mil | 355 | 264 | 150 | 351 | -85.0 | |||||||||||||
| Minorities | HRK mil | 76.1 | 107 | 79.2 | 89.0 | 2.00 | |||||||||||||
| Net Profit | HRK mil | 1,416 | 1,153 | 692 | 1,051 | -150 | |||||||||||||
| growth rates | |||||||||||||||||||
| Net Interest Income Growth | % | ... | 8.75 | -9.87 | -3.99 | 2.67 | 6.73 | ||||||||||||
| Net Fee Income Growth | % | ... | -6.26 | -0.711 | 2.00 | 5.72 | 3.92 | ||||||||||||
| Total Revenue Growth | % | ... | 3.89 | -3.29 | -2.66 | 3.42 | -1.09 | ||||||||||||
| Operating Cost Growth | % | ... | 0.523 | -4.63 | 0.310 | 5.56 | 2.23 | ||||||||||||
| Operating Profit Growth | % | ... | 7.12 | -2.09 | -5.27 | 1.44 | -4.31 | ||||||||||||
| Pre-Tax Profit Growth | % | ... | 7.77 | -17.5 | -39.6 | 61.9 | -116 | ||||||||||||
| Net Profit Growth | % | ... | 2.58 | -18.6 | -40.0 | 51.9 | -114 | ||||||||||||
| market share | |||||||||||||||||||
| Market Share in Revenues | % | 32.7 | 34.2 | 34.4 | 35.3 | 34.8 | |||||||||||||
| Market Share in Net Profit | % | 37.4 | 42.3 | 146 | 76.2 | ... | |||||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 24.2 | 23.7 | 22.1 | 26.3 | 27.0 | |||
| Market Share in Branches | % | ... | ... | ... | 10.7 | 10.5 | 10.6 | 17.3 | 17.4 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||||
| Cash | HRK mil | 14,433 | 13,954 | 14,060 | 12,464 | 15,837 | |||||||||||||
| Interbank Loans | HRK mil | 11,844 | 9,841 | 10,632 | 10,970 | 10,984 | |||||||||||||
| Customer Loans | HRK mil | 79,514 | 78,729 | 81,065 | 81,087 | 84,340 | |||||||||||||
| Retail Loans | HRK mil | 31,244 | 30,944 | 30,080 | 34,650 | 34,575 | |||||||||||||
| Mortgage Loans | HRK mil | 19,158 | 20,007 | 19,473 | 17,439 | 17,329 | |||||||||||||
| Consumer Loans | HRK mil | 12,086 | 10,937 | 10,607 | 17,211 | 17,246 | |||||||||||||
| Corporate Loans | HRK mil | 48,270 | 47,785 | 50,985 | 46,437 | 49,765 | |||||||||||||
| Debt Securities | HRK mil | 7,745 | 10,709 | 12,062 | 12,810 | 12,700 | |||||||||||||
| Fixed Assets | HRK mil | 3,139 | 3,100 | 3,083 | 1,584 | 2,162 | |||||||||||||
| Total Assets | HRK mil | 119,691 | 120,201 | 123,724 | 120,115 | 128,004 | |||||||||||||
| Shareholders' Equity | HRK mil | 17,468 | 18,103 | 18,179 | 18,845 | 17,036 | |||||||||||||
| Of Which Minority Interest | HRK mil | 808 | 915 | 838 | 864 | 23.0 | |||||||||||||
| Liabilities | HRK mil | 102,223 | 102,098 | 105,546 | 101,270 | 110,968 | |||||||||||||
| Interbank Borrowing | HRK mil | 11,645 | 13,649 | 13,969 | 10,570 | 9,095 | |||||||||||||
| Customer Deposits | HRK mil | 86,885 | 86,112 | 88,678 | 75,972 | 86,544 | |||||||||||||
| Retail Deposits | HRK mil | 47,403 | 50,058 | 52,339 | 54,308 | 56,928 | |||||||||||||
| Corporate Deposits | HRK mil | 39,481 | 36,054 | 36,339 | 21,664 | 29,616 | |||||||||||||
| Issued Debt Securities | HRK mil | 75.3 | 76.0 | 76.9 | 871 | 1,956 | |||||||||||||
| Other Liabilities | HRK mil | 3,618 | 2,260 | 2,821 | 13,857 | 13,373 | |||||||||||||
| asset quality | |||||||||||||||||||
| Non-Performing Loans | HRK mil | ... | ... | ... | ... | 8,213 | 9,953 | 12,405 | 15,109 | 15,202 | |||||||||
| Gross Loans | HRK mil | 84,666 | 74,279 | 77,533 | 87,756 | 93,893 | |||||||||||||
| Total Provisions | HRK mil | 4,138 | 5,407 | 6,698 | 8,669 | 9,553 | |||||||||||||
| growth rates | |||||||||||||||||||
| Customer Loan Growth | % | ... | 5.39 | -0.988 | 2.97 | 0.027 | 4.01 | ||||||||||||
| Retail Loan Growth | % | ... | 0.337 | -0.960 | -2.79 | 15.2 | -0.216 | ||||||||||||
| Mortgage Loan Growth | % | ... | 3.04 | 4.43 | -2.67 | -10.4 | -0.631 | ||||||||||||
| Consumer Loan Growth | % | ... | -3.67 | -9.51 | -3.02 | 62.3 | 0.203 | ||||||||||||
| Corporate Loan Growth | % | ... | 8.94 | -1.01 | 6.70 | -8.92 | 7.17 | ||||||||||||
| Total Asset Growth | % | ... | 6.76 | 0.426 | 2.93 | -2.92 | 6.57 | ||||||||||||
| Shareholders' Equity Growth | % | ... | 9.13 | 3.64 | 0.418 | 3.67 | -9.60 | ||||||||||||
| Customer Deposit Growth | % | ... | 4.91 | -0.889 | 2.98 | -14.3 | 13.9 | ||||||||||||
| Retail Deposit Growth | % | ... | 1.19 | 5.60 | 4.56 | 3.76 | 4.82 | ||||||||||||
| Corporate Deposit Growth | % | ... | 9.75 | -8.68 | 0.791 | -40.4 | 36.7 | ||||||||||||
| market share | |||||||||||||||||||
| Market Share in Customer Loans | % | 31.6 | 33.3 | 34.6 | 35.3 | 37.9 | |||||||||||||
| Market Share in Corporate Loans | % | 43.2 | 49.5 | 53.3 | 50.5 | 57.0 | |||||||||||||
| Market Share in Retail Loans | % | 18.5 | 17.1 | 16.8 | 27.2 | 27.4 | |||||||||||||
| Market Share in Consumer Loans | % | 24.4 | 24.5 | 24.3 | 28.3 | 28.7 | |||||||||||||
| Market Share in Mortgage Loans | % | 30.5 | 32.1 | 32.1 | 29.6 | 30.1 | |||||||||||||
| Market Share in Total Assets | % | 25.0 | 25.4 | 25.8 | 24.4 | 25.5 | |||||||||||||
| Market Share in Customer Deposits | % | 39.4 | 37.9 | 37.5 | 31.1 | 33.7 | |||||||||||||
| Market Share in Retail Deposits | % | 27.8 | 28.1 | 29.2 | 29.7 | 30.3 | |||||||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | 82.1 | 80.1 | 85.8 | 49.5 | 55.8 |
| ratios | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||||
| ROE | % | 8.46 | 6.48 | 3.81 | 5.68 | -0.836 | |||||||||||||
| ROA | % | 1.22 | 0.961 | 0.567 | 0.862 | -0.121 | |||||||||||||
| Costs (As % Of Assets) | % | 2.15 | 1.98 | 1.95 | 2.06 | 2.07 | |||||||||||||
| Costs (As % Of Income) | % | 47.4 | 46.7 | 48.2 | 49.2 | 50.8 | |||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.7 | 23.6 | 23.8 | 25.6 | 24.7 | |||
| Net Interest Margin | % | 3.03 | 2.64 | 2.49 | 2.56 | 2.69 | |||||||||||||
| Interest Spread | % | ... | 2.64 | 2.16 | 2.00 | 2.05 | 2.23 | ||||||||||||
| Asset Yield | % | 5.37 | 5.39 | 5.30 | 5.39 | 5.37 | |||||||||||||
| Cost Of Liabilities | % | ... | 2.73 | 3.23 | 3.30 | 3.34 | 3.14 | ||||||||||||
| Interest Income (As % Of Revenues) | % | 66.9 | 62.3 | 61.5 | 61.0 | 65.8 | |||||||||||||
| Fee Income (As % Of Revenues) | % | 20.8 | 21.4 | 22.4 | 22.9 | 24.1 | |||||||||||||
| Other Income (As % Of Revenues) | % | 12.3 | 16.3 | 16.1 | 16.1 | 10.1 | |||||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | 2,901 | 2,457 | 2,694 | 3,046 | 2,549 | |||||||
| Cost Per Employee (Local Currency) | HRK per month | ... | ... | ... | ... | ... | ... | 15,516 | 14,378 | 15,381 | 18,060 | 16,982 | |||||||
| Staff Cost (As % Of Total Cost) | % | 49.6 | 46.8 | 48.6 | 48.0 | 44.8 | |||||||||||||
| Equity (As % Of Assets) | % | 14.6 | 15.1 | 14.7 | 15.7 | 13.3 | |||||||||||||
| Loans (As % Of Deposits) | % | 91.5 | 91.4 | 91.4 | 107 | 97.5 | |||||||||||||
| Loans (As % Assets) | % | 66.4 | 65.5 | 65.5 | 67.5 | 65.9 | |||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 9.70 | 13.4 | 16.0 | 17.2 | 16.2 | |||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 50.4 | 54.3 | 54.0 | 57.4 | 62.8 | |||||||||
| Provisions (As % Of Loans) | % | 5.20 | 6.87 | 8.26 | 10.7 | 11.3 | |||||||||||||
| Cost of Provisions (As % Of Loans) | % | 1.18 | 1.50 | 2.06 | 1.37 | 3.29 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||||
| Branches | ... | ... | ... | 226 | 219 | 215 | 207 | 204 | |||||||||||
| Employees | ... | ... | ... | ... | ... | ... | 6,631 | 6,445 | 6,274 | 5,574 | 5,653 | ||||||||
| Clients | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.20 | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - July 2, 2018
Zagrebacka Banka employed 5,424 persons in 2017, down 1.38% when compared to the previous year. Historically, the bank's workforce hit an all time high of 6,686 persons in 2010 and an all time low of 5,424 in 2017. Average cost reached USD 2,577 per month per emp...
By Helgi Library - July 2, 2018
Zagrebacka Banka's customer deposits reached HRK 95,249 mil in 2017, up 3.28% 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. Zagrebacka Banka accounted for...
By Helgi Library - July 2, 2018
Zagrebacka Banka's customer deposits reached HRK 95,249 mil in 2017, up 3.28% 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. Zagrebacka Banka accounted for...
By Helgi Library - July 16, 2018
Zagrebacka Banka's retail deposits reached HRK 61,380 mil in 2017, up 1.43% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Zagrebacka Banka accounted for 32...
By Helgi Library - July 16, 2018
Zagrebacka Banka's retail deposits reached HRK 61,380 mil in 2017, up 1.43% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Zagrebacka Banka accounted for 32...
By Helgi Library - November 29, 2018
Zagrebacka Banka's mortgage loans reached HRK 16,552 mil in 2017, up 1.78% compared to the previous year. Croatian banking sector provided mortgage loans of HRK 50.7 bil in 2017, up 2.37% when compared to the last year. Zagrebacka Banka accounted for 32.9...
By Helgi Library - November 29, 2018
Zagrebacka Banka's mortgage loans reached HRK 16,552 mil in 2017, up 1.78% compared to the previous year. Croatian banking sector provided mortgage loans of HRK 50.7 bil in 2017, up 2.37% when compared to the last year. Zagrebacka Banka accounted for 32.9...
By Helgi Library - July 16, 2018
Zagrebacka Banka's consumer loans reached HRK 18,894 mil in 2017, down 4.23% compared to the previous year. Croatian banking sector provided consumer loans of HRK 64.2 bil in 2017, up 2.15% when compared to the last year. Zagrebacka Banka accounted for 30...
By Helgi Library - July 16, 2018
Zagrebacka Banka's consumer loans reached HRK 18,894 mil in 2017, down 4.23% compared to the previous year. Croatian banking sector provided consumer loans of HRK 64.2 bil in 2017, up 2.15% when compared to the last year. Zagrebacka Banka accounted for 30...
By Helgi Library - July 16, 2018
Zagrebacka Banka's corporate deposits reached HRK 33,869 mil in 2017, up 6.79% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Zagrebacka Banka accounted ...
Zagrebačka banka is the largest bank in Croatia with roughly a 25% market share in total assets. The Bank is active in retail, corporate as well as private banking. The Bank operates a number of subsidiaries in Croatia and Bosnia and Herzegovina. In Croatia, the Bank operates with more than 60,000 corporate customers and over 1.1 million private customers. Overall, the Group has more than 2 million of retail clients. At the end of 2015, Zagrebacka banka operated a network of 204 branches; and over 900 ATMs and employed over 5,600 people within the Group. The Bank was founded in 1914 and is headquartered in Zagreb, Croatia. Since 2002, the Bank is a member of UniCredit Group with parent entity UniCredit Bank Austria AG.
Zagrebacka Banka has been growing its revenues and asset by 2.45% and 3.45% a year on average in the last 10 years. Its loans and deposits have grown by 3.63% and 5.17% a year during that time and loans to deposits ratio reached 81.1% at the end of 2017. The company achieved an average return on equity of 6.75% in the last decade with net profit growing -1.96% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.7% in 2017, compared to 49.4% average in the last decade.
Equity represented 14.3% of total assets or 23.5% of loans at the end of 2017. Zagrebacka Banka's non-performing loans were 11.4% of total loans while provisions covered some 73.4% of NPLs at the end of 2017.
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