Croatia’s HBOR Sees 2010 Profit Falling 30%, Poslovni Reports
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The Croatian Bank for Reconstruction and Development (HBOR) said its 2010 profit will fall 30 percent to 115 million kuna ($20.7 million), Poslovni dnevnik reported, citing the head of the management board.
The bank “consciously contributed” to lower profit by keeping the interest rates at the last year’s level, Anton Kovacev said, according to Poslovni.