Bloomberg News

Privredna Banka 2011 Net Income Rises 24% to 1.2 Billion Kuna

February 15, 2012

Feb. 15 (Bloomberg) -- Privredna Banka d.d., a unit of Italy’s Intesa San Paolo SpA, said its full-year net income rose 24 percent to 1.26 billion kuna ($22 million). The bank’s net interest income interest rose 12 percent to 2.48 billion kuna last year, it said in a statement on its website.

The results were fueled by rising corporate loans and “adequate risk management,” it said.

--Editor: James M. Gomez

To contact the reporter responsible for the story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for the story: James M. Gomez at jagomez@bloomberg.net


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