April 27, 2018 / 11:13 AM / a month ago

BRIEF-Croatian bank HPB eyes local acquisition by end of June

    ZAGREB, April 27 (Reuters) - Croatia's Hrvatska Postanka
Banka (HPB)          , said on Friday
    * Hopes to complete acquisition of Jadranka Banka by
end-June
    * HPB controls 5 percent of the local market, Jadranska
Banka
controls 0.43 percent
    * HPB wants to strengthen its position in tourist areas of
southern Croatia where Jadranka operates
    * HPB reported a first-quarter net profit of 66.2 million
kuna
($10.79 million) versus 4.9 million a year earlier
    * Operating profit fell 12.3 percent to 69.4 million kuna
due to
lower revenue from interest rates 
    * Capital boost by private and institutional investors still
planned but no firm timetable yet
    * The state controls 74.5 percent of HPB

    
    ($1 = 6.1344 kuna)

 (Reporting by Igor Ilic; editing by Jason Neely)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below