Zagrebacka Banka Group 9-Month Net Decreases 3.8% on Crisis

Zagrebacka Banka d.d., the Croatian unit of UniCredit SpA (UCG), said the company’s nine-month net income declined 3.8 percent from a year earlier to 1.2 billion kuna ($205 million) as Europe’s crisis continues to affect business.

The company’s core unit, Zagrebacka Banka d.d. said its nine-month net income declined 16.4 percent from a year earlier to 879 million kuna, the lender said in a statement posted on the website of the Zagreb Stock Exchange today.

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

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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