Plans for 2020

Published: 30/12/2019

Financial Plan of the Croatian National Bank for 2020 (summary)

The Council of the Croatian National Bank adopted the Financial Plan of the Croatian National Bank for 2020 at its session held on 30 December 2019. The Financial Plan of the Croatian National Bank for 2020 was adopted in the following amounts:

OPERATING INCOME HRK 502,551,700.00
OPERATING EXPENSES HRK 449,700,000.00
INCREASE IN LOSS ALLOWANCES FOR EXPECTED CREDIT LOSSES HRK 6,508,500.00
INCREASE IN PROVISIONS HRK 1,300,000.00
OPERATING SURPLUS HRK 45,043,200.00
   
  amounts in HRK
OPERATING INCOME 502,551,700.00
   
Interest income calculated using effective interest method 574,844,200.00
Other interest income 138,519,300.00
Interest expenses (166,500,500.00)
   
Net interest income / (expense) 546,863,000.00
   
Fee and commission income 55,081,500.00
Fee and commission expenses (24,513,300.00)
   
Net fee and commission income / (expense) 30,568,200.00
   
Dividend income 5,518,000.00
Net investment result - equity method 1,727,000.00
Net result from financial assets at fair value through profit or loss (189,139,500.00)
Net result from financial assets at fair value through other comprehensive income 100,000,000.00
Net accrued positive / (negative) exchange differences*
Net realised positive / (negative) exchange differences*
Other revenues 7,015,000.00
   
OPERATING EXPENSES (449,700,000.00)
Staff costs (215,300,000.00)
Materials, services and administrative expenses (126,200,000.00)
Costs of production of banknotes and coins (72,000,000.00)
Depreciation and amortisation costs (36,200,000.00)
   
Decrease / (increase) in loss allowances for expected credit losses (6,508,500.00)
Decrease / (increase) in provisions (1,300,000.00)
   
OPERATING SURPLUS 45,043,200.00
   

* The Plan for 2020 does not contain planned net accrued (unrealised) and realised exchange differences by which amounts the surplus of income over expenditures will be adjusted following the annual accounts for 2020.