11.03.2019

Croatian banks’ foreign owners get HRK 20bn

Banks are starting to make more again

According to the central bank HNB’s records, banks in Croatia paid total HRK 18.867bn in dividends to their owners in the period from 2009 to 2018. Since commercial banks are mostly foreign-owned (by Italian and Austrian banks), most of this money has left the country. Having cut their Agrokor-related risks and going through a period of low interest, but stable inflow from non-interest income, banks are starting to make more again, so in 2018 their total gross profit was HRK 5.6bn, Novi list reports.

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