Investor Presentaiton
Positive operating result trend highlighted in 1H 2018
Net profit and ROE
•
•
9,7%
9,4%
Operative P&L, Cost Income ratio
13.8%
0,63
0,65
2,28
0,51
44%
2,33
46%
45%
2016
2017
1H 2018
Net profit (HRK bn)
ROE (%)
With stable operating result, ROE is growing in 1H2018 due to lower
impairments and provisions for losses
Impairments and provisions for losses decreased in the first half of 2018
by HRK 191 mn vs. HRK 196 mn on June 30 of the previous year and
amount to HRK 5 mn on June 30, 2018
ERSTEŚ
Bank
•
•
•
•
2016
1
Operating income (HRK mn)
Cost/income ratio (%)
1,06
1,18
0,53
2017
1H 2018
Operating expenses (HRK mn)
Operating revenues are growing backed by intensified lending activities
and interest cost optimization, despite the constant decreasing of interest
rates on loans to customers.
In 2017 net interest income increased by 4.7% y/y compared to the year
before. The positive trends continued in 2018 as well. In the first half, net
interest income grew by 3.9% compared to the first half of 2017.
Net fees and commission income increased as well. In 2017 they grew
by 8.5% y/y compared to 2017 and in 1H 2018 1% compared to the 1H of
2017.
Cost / Income ratio is demonstrating stability in the period observed
Source: audited non-consolidated financial reports for 2016 and 2017 and non-audited
non-consolidated financial reports for 1H 2018 (GFI-KI)
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