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Zagrebacka Banka 2011 Net Income Rises 2.7% to 1.3 Billion Kuna

Zagrebacka Banka d.d., a Croatian unit of Italy’s UniCredit SpA (UCG), said net income rose 2.7 percent to 1.3 billion kuna last year, while revenue rose 3.3 percent to 4.2 billion kuna.

“The solid financial results are based on a revenue increase from corporate and public-sector loans,” Franjo Lukovic, head of the management board, said in an e-mailed statement.

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

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

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