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What Banks in Croatia Were the Most Profitable in 2016?

Top Banks by Net Profit (HRK mil)
Banking | Croatia | April 11, 2024
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Excel Sheet

Based on a comparison of 23 banks in Croatia, Zagrebacka Banka produced the highest net profit in 2016, followed by Privredna Banka Zagreb and Erste & Steiermarkische Bank.

Zagrebacka Banka made a net profit of HRK 1,686 mil, up 1.00% compared to the previous year. Historically, the bank’s net profit reached an all time high of HRK 1,686 mil in 2016 and an all time low of HRK -150 mil in 2015. The average profit in the last five years amounted to HRK 886 mil.

The bank generated an average return on equity of 4.92% for its shareholders in the last five years with a maximum of 9.44% and a minimum of -0.836%.

Comparing Zagrebacka Banka with its closest peers, Privredna Banka Zagreb generated a net profit of HRK 1,660 mil with a ROE of 10.3% in 2016, Erste & Steiermarkische Bank netted HRK 875 mil (ROE of 11.6%) and Raiffeisenbank Croatia announced a net profit of HRK 535 mil giving a ROE of 11.5%.

The net profit of the Croatia’s banking sector amounted to HRK 5,099 mil in 2016, up 212% compared to the previous year. Heading up the rankings, Zagrebacka Banka accounted for 33.1% of the sector’s net profit in 2016. The top 3 companies held a 82.8% share while the five largest firms some 100% in 2016.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Croatian banks in the report section.