In Q1 the company recorded flat net interest income, increase in net fee and commission income of 12.2% YoY and net income of 5%.

As PBZ Bank published their Q1 2019 report, we are bringing you key takes from it. According to the report, in Q1, the company observed flat net interest income of HRK 686.6m. The net interest income is marked by a constant trend of decline in both active and passive interest rates.

Net fee and commission income observed an increase of 12.2% YoY, amounting to HRK 382m. Meanwhile gains from financial assets held for sale increased by HRK 45.8m, amounting to HRK 73.5m

In Q1, net banking income amounted to HRK 1.04bn, which represents an increase of 4.5%.

PBZ Performance (Q1 2019 vs Q1 2018)

Net income on a group level amounted to HRK 412m, representing an increase of 5%.

Net Income (Q1 2019 vs Q1 2018)

When observing the company’s balance sheet, total assets amounted to HRK 111.6bn, which represents a slight decrease of 0.5%. Loans and advances account for 72.8% of the total assets. On the other hand, deposits make up for 81% of the liabilities. When observing loans and deposits, loans have decreased by 1.1% YoY, amounting HRK 81.2bn. Deposits, on the other hand, also decreased by 1.2%, amounting to HRK 90.9bn.