What Banks in Croatia Were the Most Cost Efficient in 2017?

Top Banks by Costs As % Of Income
Banking | Croatia | August 11, 2018
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Excel Sheet

Based on a comparison of 15 banks in Croatia in 2017, Zagrebacka Banka was the most cost efficient bank, followed by Erste & Steiermarkische Bank and Privredna Banka Zagreb.

Zagrebacka Banka's cost to income ratio reached 47.7 in 2017, up from 45.3 when compared to the last year. Historically, the bank’s costs reached an all time high of 68.3 in 2001 and an all time low of 45.3 in 2016.

When compared to total assets, bank's cost amounted to 1.39% in 2017, up from 1.98 a year earlier.

Comparing Zagrebacka Banka with its closest peers, Erste & Steiermarkische Bank operated in 2017 with a cost to income ratio of 49.0, Privredna Banka Zagreb reached 49.8 and PBZ Stambena Stedionica some 53.6.

The average cost to income ratio reached 46.8% in the Croatian banking sector in 2017.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Croatian banks in the report section.

Costs (As % Of Income) Unit 2010 2011 2012 2013 2014 2015 2016 2017
Addiko Bank Croatia % 61.1% 72.2% 73.7% 86.6% 152%
Croatia Banka % 101% 129% 112% 79.7% 73.1%
Erste & Steiermarkische Bank % 43.3% 38.3% 46.1% 46.9% 45.7%
Hrvatska Postanska Banka % 71.0% 63.6% 63.9% 60.4% 59.5%
Imex Banka % 45.0% 60.4% 52.6% 47.3% 50.8%
Istarska Kreditna Banka Umag % 64.6% 68.2% 64.3% 65.1% 44.4%
J&T Banka Croatia % 84.6% 119% 135% 146% 121%
Jadranska Banka % 72.5% 78.5% 81.3% 142% 219%
Karlovacka Banka % ... ... ... ... 87.7% 95.4%
KentBank % 81.4% 157% 118% 101% 83.7%
Kreditna Banka Zagreb % 65.0% 67.3% 71.7% 64.2% 79.0%
OTP Bank Croatia % 51.3% 61.1% 63.1% 57.2% 61.5%
Partner Banka % 78.0% 73.5% 77.6% 70.0% 73.5%
PBZ Stambena Stedionica % 48.7% 44.9% 41.8% 41.1% 46.2%
Podravska Banka % 74.9% 87.5% 85.1% 84.2% 78.4%
Privredna Banka Zagreb % 49.7% 51.7% 54.0% 52.3% 51.8%
Raiffeisen Stambena Stedionica % 118% 93.5% 85.4% 96.6% 91.6%
Raiffeisenbank Croatia % 61.8% 59.5% 58.0% 59.3% 61.9%
Sberbank Croatia % 64.2% 75.1% 70.7% 63.2% 72.2%
Slatinska Banka % 78.9% 78.5% 75.3% 75.6% 80.1%
Splitska Banka % 57.6% 60.7% 63.4% 55.5% 53.0%
Wustenrot Stambena Stedionica % 106% 66.0% 100% 77.0% 88.2%
Zagrebacka Banka % 47.4% 46.7% 48.2% 49.2% 50.8%
AVERAGE % 71.0% 69.4% 75.1% 74.6% 74.3% 79.7% 71.8% 64.9%