Financial performance
Financial statements of HBOR Group
Financial statements of HBOR Group are made public in accordance with the following publication calendar:
| Reporting period | Type of financial statements | Date of final publication |
|---|---|---|
| 31 March / Q1 financial statements | Unaudited interim | 31 May |
| 30 June / semi-annual financial statements | Unaudited interim (Audited interim 2015 - 2020) | 31 August |
| 30 September / Q3 financial statements | Unaudited interim | 30 November |
| 31 December / annual financial statements | Audited annual | 30 April next year after the year that ended on 31 December |
| Additional | Decision of the Parliament of the Republic of Croatia on the Approval of the Annual Financial Statements | After a decision has been made by the Parliament of the Republic of Croatia |
Financial reporting policies of HBOR Group
The Financial Reporting Policies of the Hrvatska banka za obnovu i razvitak Group (hereinafter: HBOR Group or the Group) provide for the financial reporting framework of the Group and determine:
- Financial statements of HBOR Group,
- Basis for the preparation of financial statements,
- Objective and purpose of financial reporting,
- Principles of financial reporting,
- Publication of financial statements with publication calendar,
- Audit of annual financial statements.
HBOR Group is comprised of Hrvatska banka za obnovu i razvitak (hereinafter: HBOR or the parent company) as the parent company and all companies under its control – direct or indirect.
Breakdown of the most significant financial information
In HRK millions – based on audited data
| 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|
| Total assets | 28,706.5 | 26,470.6 | 27,219.0 | 28,075.6 | 27,390.8 |
| Gross loans | 27,197.3 | 26,571.1 | 26,243.1 | 26,333.0 | 26,343.1 |
| Total equity | 10,363.7 | 10,274.6 | 10,061.1 | 10,275.8 | 10.042.6 |
| Total income | 669.4 | 713.7 | 801.4 | 930.8 | 933.7 |
| Total expense | (587.9) | (559.4) | (596.7) | (768.6) | (618.9) |
| Profit | 81.5 | 154.3 | 204.7 | 162.2 | 314.8 |
| Interest income | 622.5 | 665.9 | 733.1 | 867.8 | 872.0 |
| Interest expense | (244.2 | (311.6) | (356.1) | (390.5) | (452.7) |
| Net interest income | 378.3 | 354.3 | 377.0 | 477.3 | 419.3 |
In EUR millions – based on audited data
(at the middle exchange rate of the Croatian National Bank as of 31 December of the respective year)
| 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|
| Total assets | 3,808.8 | 3,556.6 | 3,669.5 | 3,736.6 | 3,624.2 |
| Gross loans | 3,608.6 | 3,570.1 | 3,538.0 | 3,504.7 | 3,485.6 |
| Total equity | 1,375.1 | 1,380.5 | 1,356.4 | 1,367.6 | 1,328.8 |
| Total income | 88.8 | 95.9 | 108.0 | 123.9 | 123.5 |
| Total expense | (78.0) | (75.2) | (80.4) | (102.3) | (81.9) |
| Profit | 10.8 | 20.7 | 27.6 | 21.6 | 41.6 |
| Interest income | 82.6 | 89.5 | 98.8 | 115.5 | 115.4 |
| Interest expense | (32.4) | (41.9) | (48.0) | (52.0) | (59.9) |
| Net interest income | 50.2 | 47.6 | 50.8 | 63.5 | 55.5 |
Please note that translated figures are of informative nature only and the result of conversion and therefore could not be considered as confirmed by the auditors.