February 28, 2017 / 9:50 AM / 6 months ago

BRIEF-Croatian bank HPB reports record-high net profit in 2016

    ZAGREB, Feb 28 (Reuters) - Hrvatska Postanka Banka          
(HPB), Croatia's last major bank majority owned by the state or
state agencies, said on Tuesday:
    
    * Its 2016 net profit reached a record high 180.2 million
kuna ($25.68 million), up 46.2 percent
    * HPB's assets at the end of 2016 were up 9.3 percent to
19.4 billion kuna, mostly due to a rise in deposits. 
    * Its market share rose to 4.9 percent from 4.4 percent a
year earlier
    * Capital adequacy slipped to 15.64 from 16.25 percent
    * Operating profit rose 19.8 percent to 385.4 million kuna
helped by lower operating costs
    ($1 = 7.0173 kuna)

 (Reporting by Igor Ilic; editing by Jason Neely)
  

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