Unaudited financial statements of Zagrebačka banka Group for the period from 1 January 2018 to 31 March 2018 Content: 1. Management report for the period from 1 January 2018 to 31 March 2018 2. Statement of the persons responsible for the preparation of the financial statements 3. Financial statements (TFI-KI statements) 3.1. Balance sheet as at 31 March 2018 3.2. Income statement for the period from 1 January 2018 to 31 March 2018 3.3. Cash flow statement for the period from 1 January 2018 to 31 March 2018 3.4. Statement of changes in equity for the period from 31 December 2017 to 31 March 2018 3.5. Notes to the financial statements
Management report for the period from 1 January to 31 March 2018 Zagrebačka banka Group recorded a profit after tax of HRK 470 million in the first three months of 2018, thanks to the stable operating result and good management of risks. Thanks to positive macroeconomic trends a slight increase was realised in new loans approved in retail and corporate segments, while the total volume of loans decreased due to deleveraging in public sector and change in the regulatory environment. The Group realised solid business results in majority of its members, the major contributors were Zagrebačka banka dd, UniCredit Bank dd Mostar, UniCredit Leasing Croatia doo and Prva stambena štedionica dd. In the upcoming period as well, the Group will be focused on transformation of business aiming at improving clients experience, education of our employees and introduction of simpler processes based on digital technologies. Key performance indicators in 2018: Zagrebačka banka Group operating income totals HRK 1,306 million Total operating expenses amount to HRK 678 million Profit before impairment and other provisions amounts to HRK 628 million Impairment and other provisions amount to HRK 80 million Net loans to customers amount to HRK 77,494 million Deposits from customers amount to HRK 92,978 million
Management report for the period from 1 January to 31 March 2018 (continued) Operating income amounted to HRK 1,306 million, increased by HRK 47 million (+3.7%): Net interest income amounted to HRK 831 million, under the influence of lower average volume of loans and the decrease in interest rates on assets and net interest margin. Net fee and commission income amounted to HRK 325 million and it is at the same level as in the previous year. Net trading and other income amounted to HRK 150 million, increased by HRK 82 million (+120.6%), due to higher trading result. Operating expenses amounted to HRK 678 million, increased by HRK 7 million (+1.0%). Cost to income ratio ( C/I ratio ) equals 51.9%. Profit before impairment and other provisions amounted to HRK 628 million. The increase of HRK 40 million (+6.8%) is a result of the previously described movements in Operating income and Operating expenses. Impairment and other provisions amounted to HRK 80 million, they have decreased by HRK 710 million. Impairment losses on placements to companies have been significantly increased in the first quarter of 2017. In 2018 the ratio of non-performing loans decreased and the coverage of the non-performing loans increased. Total assets of the Group amounted to HRK 127,770 million and have slightly increased by HRK 877 million (+0.7%). Net loans to customers amounted to HRK 77,494 million, decreased by HRK 132 million (-0.2%). Following positive environment trends the loan activity in retail and private sector increased, while the total volume decreased due to deleveraging in public sector and change in regulatory environment (adoption of International Financial Reporting Standard 9). Deposits from customers represent primary source of funding. They amounted to HRK 92,978 million and have decreased by HRK 2,271 million (-2.4%). Loans to deposits ratio amounts to 83.3%. Deposits from banks and borrowings amounted to HRK 11,937 million. The increase of HRK 3,115 million (+35.3%) is a result of management of the balance sheet structure. Capital and reserves of the Group - at HRK 18,087 million.
Zagrebačka banka Group Income Statement (HRK mln) Zagrebačka banka Group Balance Sheet (HRK mln) Financial results for the period from 1 January to 31 March 2018 Δ 2018 vs. 2017 Q1 2017 Q1 2018 % HRK mln 1 2 3 (4/1) 4 (2-1) Interest income 1,446 1,226 (15.2 %) (220) Interest expense (577) (395) (31.5 %) 182 Net interest income 869 831 (4.4 %) (38) Fee and commission income 354 363 2.5 % 9 Fee and commission expense (32) (38) 18.8 % (6) Net fee and commission income 322 325 0.9 % 3 Net trading and other income 68 150 120.6 % 82 Operating income 1,259 1,306 3.7 % 47 Operating expenses (671) (678) 1.0 % (7) Profit before impairment and other provisions 588 628 6.8 % 40 Impairment and other provisions (790) (80) (89.9 %) 710 Profit/(loss) from operations (202) 548 750 Share of profit from associates 10 7 (3) Profit/(loss) before tax (192) 555 747 Income tax 39 (85) (124) Net profit/(loss) (153) 470 623 Attributable to equity holders of the Bank (154) 469 623 Attributable to non-controlling interests 1 1 0 Net profit/(loss) (153) 470 623 Δ 2018 vs. 2017 31 Dec 2017 31 Mar 2018 % HRK mln 1 2 3 (4/1) 4 (2-1) Cash and deposits with the CNB 18,831 22,167 17.7 % 3,336 Loans to and receivables from financial institutions 13,577 12,029 (11.4 %) (1,548) Securities 11,217 11,474 2.3 % 257 Net loans to customers 77,626 77,494 (0.2 %) (132) Tangible and intangible assets 2,534 2,627 3.7 % 93 Other assets 3,108 1,979 (36.3 %) (1,129) Total assets 126,893 127,770 0.7 % 877 Deposits from customers 95,249 92,978 (2.4 %) (2,271) Deposits from banks and borrowings 8,822 11,937 35.3 % 3,115 Other liabilities 4,711 4,768 1.2 % 57 Capital and reserves 18,111 18,087 (0.1 %) (24) Total liabilities and equity 126,893 127,770 0.7 % 877 Equity attributable to equity holders of the Bank 18,088 18,064 (0.1 %) (24) Equity attributable to non-controlling interests 23 23 0 % 0 Zagreb, 27 April 2018 Chairman of the Management Board Miljenko Živaljić
Statement of the persons responsible for the preparation of financial statements Pursuant to the provisions of the Capital Market Act, to the best of our knowledge: 1. the set of summary financial statements of Zagrebačka banka Group prepared in accordance with the applicable standards for financial reporting for banks in the Republic of Croatia gives a true and complete view of the assets and liabilities, profit and loss, the financial position and business operations of Zagrebačka banka Group; 2. the Management Report gives a true view of business developments, operating results and the position of Zagrebačka banka Group Head of Accounting and Regulatory Reporting Marijana Brcko Member of the Management Board Lorenzo Ramajola Additional info: Public Relations Tel: 00385(1) 6104153 e-mail: PR@unicreditgroup.zaba.hr www.zaba.hr
Appendix 3. Reporting period: 01.01.2018 to 31.03.2018 Quarterly financial report for credit institutions-tfi-ki Identification number (MB): 03234495 Subjects identification number 080000014 Personal identification number (OIB): 92963223473 Issuer company: Zagrebačka banka d.d. Post office number and city: 10000 Zagreb Street and number: Trg bana Josipa Jelačića 10 E-mail address: zaba@unicreditgroup.zaba.hr Internet address: www.zaba.hr ode and name of municipality/city: 133 Zagreb Code and name of county: Consolidated report: 21 Grad Zagreb Number of employees: 5,408 (as at the quarter-end) YES Code in NKD: 6,419 Subsidiaries and associates of the Bank which are included in Zagrebačka banka Group are shown in Note 4: Companies included in consolidation (according to IFRS): Headquarters: MB: Prva stambena štedionica d.d. Samoborska cesta 145, 10000 Zagreb 01391178 ZB Invest d.o.o. Samoborska cesta 145, 10000 Zagreb 01500937 Pominvest d.d. Gundulićeva 26a, 21000 Split 03891984 Zagreb nekretnine d.o.o. Nova Ves 17, 10000 Zagreb 03709124 UniCredit Leasing Croatia d.o.o. Heinzelova 33, 10000 Zagreb 01329162 Locat Croatia d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 01598465 UniCredit Partner d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 01972669 ALLIB NEKRETNINE d.o.o. BACAL ALPHA d.o.o. ZABA Partner d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb Damira Tomljanovića Gavrana 17, 10000 Zagreb Augusta Cesarca 2, 10000 Zagreb 01569465 02001365 04089014 UniCredit Bank d.d. Kardinala Stepinca bb, 88000 Mostar 07700822 Zane BH d.o.o. Branilaca Sarajeva 20, 71000 Sarajevo 79524093 UniCredit Broker d.o.o. Obala Kulina bana 15, 71000 Sarajevo 79535362 Multiplus card d.o.o., Zagreb Ivana Lučića 2a, 10000 Zagreb 02638541 Allianz ZB d.o.o., Zagreb Heinzelova 70, 10000 Zagreb 01581864 Allianz ZB d.o.o., Zagreb Heinzelova 70, 10000 Zagreb 01637886 Accounting: Contact person: Jurič Ana (only name and surname of contact person is included) Phone: 01/ 4801-663 Telefax: E-mail address: ana.juric@unicreditgroup.zaba.hr Surname and name: Živaljić Miljenko (person representing the company) Documentation to be published: 1. Financial reports (balance, income statement, cash flow statement, statement on changes in equity and notes to financial statements) 2. Interim Management report 3. Statement of persons responsible for preparation of financial reports M.P. (signature of the President of the Management Board)
BALANCE SHEET balance as at 31.03.2018 Position name ASSETS 1. CASH AND DEPOSITS WITH THE CNB (002+003) 1.1.Cash 1.2.Deposits with the CNB 2. DEPOSITS WITH BANKING INSTITUTIONS 3. TREASURY BILLS AND CNB BILLS 4. SECURITIES AND OTHER FINANCIAL INSTRUMENTS HELD FOR TRADING 1 5. SECURITIES AND OTHER FINANCIAL INSTRUMENTS AVAILABLE FOR SALE 6. SECURITIES AND OTHER FINANCIAL INSTRUMENTS HELD TO MATURITY AOP code Previous period Amounts in HRK Current period 2 3 4 001 18,831,188,305 22,166,600,902 002 2,942,147,850 2,698,091,650 003 15,889,040,455 19,468,509,252 004 11,223,065,855 9,016,913,800 005 4,351,394,625 4,686,001,058 006 95,282,895 48,815,138 007 6,643,539,574 6,471,111,858 008 69,878 51,840 7. SECURITIES AND OTHER FINANCIAL INSTRUMENTS WHICH ARE NOT ACTIVELY TRADED, BUT ARE DESIGNATED TO FAIR VALUE THROUGH PROFIT OR LOSS 8. DERIVATIVE FINANCIAL ASSETS 9. LOANS TO FINANCIAL INSTITUTIONS 10. LOANS TO OTHER CUSTOMERS 11. INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES 12. FORECLOSED ASSETS 13. PROPERTY, PLANT AND EQUIPMENT (NET OF DEPRECIATION) 14. INTEREST, FEES AND OTHER ASSETS A) TOTAL ASSETS (001+004 do 016) LIABILITIES 1. BORROWINGS FROM FINANCIAL INSTITUTIONS (019+020) 1.1. Short-term borrowings 1.2. Long-term borrowings 2. DEPOSITS (AOP 022 to 024) 2.1. Giro and current accounts 2.2. Savings deposits 2.3. Term deposits 3. OTHER BORROWINGS (026+027) 3.1. Short-term borrowings 3.2. Long-term borrowings 4. LIABILITIES ARISING FROM DERIVATIVES AND OTHER LIABILITIES HELD FOR TRADING 5. ISSUED DEBT SECURITIES (030+031) 5.1. Short-term issued debt securities 5.2. Long-term issued debt securities 6. ISSUED SUBORDINATED INSTRUMENTS 7. ISSUED HYBRID INSTRUMENTS 8. INTERESTS, FEES AND OTHER LIABILITIES B) TOTAL LIABILITIES (018+021+025+028+029+032+033+034) EQUITY 1. SHARE CAPITAL 2. CURRENT YEAR PROFIT / (LOSS) 3. RETAINED EARNINGS / (LOSS) 4. LEGAL RESERVES 5. STATUTORY AND OTHER CAPITAL RESERVES 6. UNREALISED GAIN / (LOSS) ON VALUE ADJUSTMENT OF AVAILABLE-FOR- SALE FINANCIAL ASSETS 009 126,256,815 267,958,343 010 957,134,822 920,647,865 011 2,354,252,317 3,012,357,415 012 77,626,053,850 77,494,183,940 013 94,252,488 62,989,630 014 129,565,027 87,844,598 015 2,424,375,862 2,557,434,189 016 2,036,366,559 977,072,210 017 126,892,798,872 127,769,982,786 018 3,854,452,037 3,273,361,237 019 1,944,231,655 1,768,186,385 020 1,910,220,382 1,505,174,852 021 97,635,623,593 98,474,378,280 022 31,937,343,716 32,626,528,999 023 20,231,437,136 19,874,375,793 024 45,466,842,741 45,973,473,488 025 2,581,215,496 3,167,427,815 026 319,982,633 318,813,622 027 2,261,232,863 2,848,614,193 028 812,367,373 813,964,099 029 54,140,708 53,749,528 030 0 0 031 54,140,708 53,749,528 032 0 0 033 0 0 034 3,843,505,596 3,899,966,557 035 108,781,304,803 109,682,847,516 036 6,404,839,100 6,404,839,100 037 1,043,626,588 469,156,603 038 6,390,206,985 6,976,443,398 039 64,048,522 64,048,522 040 3,914,395,982 3,899,295,270 041 294,376,892 273,352,377 7. HEDGE ACCOUNTING RESERVES 042 0 0 C) TOTAL EQUITY (036 to 042) 043 18,111,494,069 18,087,135,270 D) TOTAL LIABILITIES AND EQUITY (035+043) 044 126,892,798,872 127,769,982,786 BALANCE SHEET SUPPLEMENT (to be inputed by issuer preparing consolidated financial reports) 1. TOTAL EQUITY 045 18,111,494,069 18,087,135,270 2. Attributable to equity holders of the Bank 046 18,088,393,325 18,063,790,028 3. Attributable to minority interests (045-046) 047 23,100,744 23,345,242
INCOME STATEMENT for the period 01.01.2018 to 31.03.2018 Position name AOP code 1. Interest income 2. Interest expense 3. Net interest income (048-049) 4. Fee and commission income 5. Fee and commission expense 6. Net income from commissions and fees (051-052) 7. Gains / losses from investment in subsidiaries, associates and joint ventures 8. Gains / losses from trading activities 9. Gains / losses from embedded derivatives 10. Gains / losses from assets which are not actively traded, but are designated at fair 11. Gains / losses from activities related to available-for-sale financial assets 12. Gains / losses from activities related to held-to-maturity investments 13. Gains / losses from hedging transactions 14. Income from investments in subsidiaries, associates and joint ventures 15. Income from other equity investments 16. Gains / losses from foreign exchange differences 17. Other income 18. Other expenses 19. General administrative expenses and depreciation 20. Net income from operations before impairment and other provisions 21. Impairment losses and other provisions 22. PROFIT / LOSS BEFORE TAX (067-068) 23. INCOME TAX EXPENSE 24. PROFIT / LOSS FOR THE PERIOD (069-070) 25. Earnings per share 1 INCOME STATEMENT SUPPLEMENT (to be inputed by issuer preparing consolidated financial statements) 1. PROFIT / LOSS FOR THE PERIOD 2. Attributable to equity holders of the Bank 3. Attributable to minority interests (073-074) Previous period Amounts in HRK Current period Cumulated Quarterly Cumulated Quarterly 2 3 4 5 6 048 1,446,478,578 1,446,478,578 1,226,131,789 1,226,131,789 049 576,687,339 576,687,339 394,976,691 394,976,691 050 869,791,239 869,791,239 831,155,098 831,155,098 051 354,297,095 354,297,095 362,537,899 362,537,899 052 31,836,877 31,836,877 38,445,183 38,445,183 053 322,460,218 322,460,218 324,092,716 324,092,716 054 9,583,613 9,583,613 7,108,532 7,108,532 055-71,823,800-71,823,800-30,092,936-30,092,936 056 0 0 0 0 057 1,325,297 1,325,297 7,926,430 7,926,430 058 1,191,167 1,191,167 4,618,335 4,618,335 059 0 0 0 0 060 0 0 0 0 061 0 0 0 0 062 75,002 75,002 82,179 82,179 063 52,440,213 52,440,213 82,915,578 82,915,578 064 84,654,060 84,654,060 84,580,410 84,580,410 065 115,738,590 115,738,590 126,455,387 126,455,387 066 556,063,229 556,063,229 551,563,854 551,563,854 067 597,895,190 597,895,190 634,367,101 634,367,101 068 790,105,244 790,105,244 80,139,635 80,139,635 069-192,210,054-192,210,054 554,227,466 554,227,466 070-39,414,203-39,414,203 85,070,863 85,070,863 071-152,795,851-152,795,851 469,156,603 469,156,603 072 3 3 6 6 073-152,795,851-152,795,851 469,156,603 469,156,603 074-153,410,599-153,410,599 468,471,111 468,471,111 075 614,748 614,748 685,492 685,492
CASH FLOW STATEMENT - Indirect method in the period from 01.01.2018 to 31.03.2018 Amounts in HRK Position name AOP code Previous period Current period 1 2 3 4 Operating activities 1. Cash flow from operating activities before changes in operating assets (002 do 007) 1.1.Profit/(loss) before tax 1.2. Impairment losses 1.3. Depreciation and amortisation 1.4. Unrealised (gains)/losses on securities at fair value through profit or loss 1.5. (Gains)/losses from sale of tangible assets 1.6. Other (gains)/losses 2. Net Increase/decrease in operating assets (009 do 016) 2.1. Deposits with the CNB 2.2. Ministry of Finance treasury bills and CNB bills 2.3. Deposits with banking institutions and loans to financial institutions 2.4. Loans to other clients 2.5. Securities and other financial instruments held for trading 2.6. Securities and other financial instruments available for sale 2.7. Securities and other financial instruments at fair value through profit or loss which are not actively traded 2.8. Other operating assets 3. Net (increase)/decrease in operating liabilities (018 do 021) 3.1. Demand deposits 3.2. Savings and term deposits 3.3. Derivative financial liabilities and other liabilities held for trading 3.4. Other liabilities 4. Net cash flow from operating activities before income taxes paid (001+008+017) 5. Paid income tax 6. Net inflow/(outflow) of cash from operating activities (022+023) Investment activities 7. Net cash flow from investment activities (026 do 030) 7.1. Receipts from sale of / (payments to acquire) property, plant and equipment and intangible assets 7.2. Receipts from disposal of / (payments for purchase) investments in subsidiaries, associates and joint ventures 7.3. Receipts from sale of / (payments to acquire) securities and other investments held to maturity 7.4. Received dividends 7.5. Other receipts/(payments) from investment activities Financial activities 8. Net cash flow from financing activities (032 do 037) 8.1. Net increase/(decrease) in borrowings 8.2. Net increase /(decrease) of issued debt securities 8.3. Net increase /(decrease) of subordinated and hybrid instruments 8.4. Receipts from issue of capital 8.5. Payment of dividends 8.6. Other receipts/(payments) from financial activities 9. Net increase/(decrease) in cash and cash equivalents (024+025+031) 10. Effects of foreign exchange differences on cash and cash equivalents 11. Net increase/(decrease) in cash and cash equivalents (038+039) 12. Cash and cash equivalents at the beginning of the year 13. Cash and cash equivalents at the end of the year (040+041) 001 461,800,679 665,437,891 002-192,210,053 554,227,466 003 794,858,814 80,139,635 004 80,119,608 86,420,972 005 187,024,187-518,484,630 006-14,374,814-6,375,690 007-393,617,063 469,510,138 008 2,027,612,708 828,671,672 009 219,012,921 13,114,424 010-94,332,139-337,078,296 011 4,580,389,590 867,936,088 012-1,921,921,212-263,825,130 013-81,190,504 44,587,728 014-718,464,762-66,889,158 015 882,626 72,636,437 016 43,236,188 498,189,579 017-3,285,451,685 1,455,513,701 018-36,933,144 783,717,427 019-3,331,838,595 660,035,354 020 199,527 0 021 83,120,527 11,760,920 022-796,038,298 2,949,623,264 023-5,884,668-88,985,896 024-801,922,966 2,860,637,368 025-12,448,296-181,400,900 026-123,923,166-180,450,522 027 25,435,621-1,050,026 028 17,572 17,469 029 86,021,677 82,179 030 0 0 031 53,607,004 5,651,848 032 53,411,710 6,208,777 033 195,294 197,100 034 0 0 035 0 0 036 0-754,029 037 0 0 038-760,764,258 2,684,888,316 039-48,223,685-42,061,574 040-808,987,943 2,642,826,742 041 12,812,760,339 17,837,378,845 042 12,003,772,396 20,480,205,587
Position name in the period from AOP code STATEMENT OF CHANGES IN EQUITY 31.12.2017 to 31.03.2018 Attributable to shareholders of the Bank Share capital Treasury shares Legal, statutory, capital and other reserves Retained earnings/ loss Profit/loss for the year Unrealised gain/loss from revaluation on AFS financial assets Minority interests Amounts in HRK Total Balance as at 1 January of the current period Changes in accounting policies and errors Restated balance as at 1 January of the current period (001+002) Disposal of available-for-sale financial assets Changes in fair value of available-for-sale financial assets 1 Deferred tax on movements in fair value reserve of available-for-sale financial assets 2 3 4 5 6 7 8 9 10 001 6,404,839,100 0 3,978,444,504 6,369,550,611 1,041,182,218 294,376,892 23,100,744 18,111,494,069 002 0 0 0-425,151,085 0-37,111,464 0-462,262,549 003 6,404,839,100 0 3,978,444,504 5,944,399,526 1,041,182,218 257,265,428 23,100,744 17,649,231,520 004 0 0 222,418 0 0-3,819,270 0-3,596,852 005 0 0 0 0 0 24,342,785 32,713 24,375,498 006 0 0 0 0 0-4,296,834 0-4,296,834 Other gains/losses recognised directly in equity Net gains/losses recognised directly in equity (004+005+006+007) Profit / loss for the period Total recognised income and expense for the current period (008+009) Increase / decrease of share capital Acquisition / disposal of treasury shares Other movements Transfer to reserves Dividends payouts Distribution of profit (014+015) Balance as at 31 December of the current period (003+010+011+012+013+016) Banks w hich prepare consolidated annual financial statements separately disclose changes in minority interests in the relevant sections of equity. 007 0 0 2,676-31,798,240 0-139,732-473,706-32,409,002 008 0 0 225,094-31,798,240 0 16,086,949-440,993-15,927,190 009 0 0 0 0 468,471,111 0 685,492 469,156,603 010 0 0 225,094-31,798,240 468,471,111 16,086,949 244,499 453,229,413 011 0 0 0 0 0 0 0 0 012 0-15,325,806 0 0 0 0 0-15,325,806 013 0 0 0 0 0 0 0 0 014 0 0 0 1,041,182,218-1,041,182,218 0 0 0 015 0 0 0 143 0 0 0 143 016 0 0 0 1,041,182,361-1,041,182,218 0 0 143 017 6,404,839,100-15,325,806 3,978,669,598 6,953,783,647 468,471,111 273,352,377 23,345,243 18,087,135,270 The impact of obligatory adoption of IFRS 9 Financial instruments and the CNB s Decision on classification of exposures to risk classes and method to determine credit losses (Official Gazette no. 114/2017) is presented within the position Changes in accounting policies and errors.
NOTES TO THE FINANCIAL STATEMENTS in HRK Liquid assets 31.12.2017. 31.03.2018. Cash 2,942,147,850 2,698,091,650 Deposits w ith the CNB 15,889,040,455 19,468,509,252 Deposits w ith banking institutions 11,223,065,855 9,016,913,800 Treasury bills and CNB bills 4,351,394,625 4,686,001,058 Securities and other financial instruments held for trading 95,282,895 48,815,138 Secutiries and other financial instruments available for sale 6,643,539,574 6,471,111,858 Securities and other financial instruments w hich are not actively traded, but are designated to fair value in income statement 126,256,815 267,958,343 41,270,728,069 42,657,401,099 Loans to and receivables from customers 31.12.2017. 31.03.2018. Companies and similar organisations and government 49,261,588,112 48,692,814,050 Individuals and unincorporated businesses 35,445,676,829 36,200,882,818 Total gross loans 84,707,264,941 84,893,696,868 Companies and similar organisations and government (5,584,488,219) (5,651,290,020) Individuals and unincorporated businesses (1,496,722,872) (1,748,222,908) Impairment allow ance (7,081,211,091) (7,399,512,928) 77,626,053,850 77,494,183,940 Deposits and borrow ings 31.12.2017. 31.03.2018. Companies and similar organisations and government 33,869,062,223 31,810,575,576 Individuals and unincorporated businesses 61,380,113,313 61,167,919,916 Banks and other financial institutions 8,822,115,590 11,936,671,840 104,071,291,126 104,915,167,332
List of subsidiaries and associates Zagrebačka banka d.d. is a licensed bank operating in Croatia and the holding company for the Zagrebačka banka Group. The Bank's subsidiaries and associated companies are presented below : Fully consolidated subsidiaries: Company Group Group ownership in % UniCredit Bank d.d., Mostar Banking 99.3 Prva stambena štedionica d.d. Banking 100.0 ZB Invest d.o.o. Fund management 100.0 Pominvest d.d. Property management 88.7 Zagreb nekretnine d.o.o. Real estate agency 100.0 Zane BH d.o.o. Real estate agency 100.0 UniCredit Leasing Croatia d.o.o. Leasing 100.0 Locat Croatia d.o.o. Real estate business 100.0 UniCredit Partner d.o.o. Trading activities 80.0 ALLIB NEKRETNINE d.o.o. Real estate business 100.0 BACAL ALPHA d.o.o. Real estate business 100.0 ZABA Partner d.o.o. Insurance brokerage 100.0 Equity accounted associated companies: Company Allianz ZB d.o.o., Zagreb Allianz ZB d.o.o., Zagreb Multiplus card d.o.o., Zagreb Group ownership Group in % Obligatory pension fund management 49.0 Voluntary pension fund management 49.0 Advertising and marketing services 25.0 UniCredit Broker d.o.o. Sarajevo brokersko društvo u osiguranju Insurance brokerage 48.7 Changes in the scope of consolidation In February 2018 the Group sold its stake in the company Centar Kaptol doo, Zagreb.
Net interest income Previous period 31.03.2017. Current period 31.03.2018. Interest and similar income 1,446,478,578 1,226,131,789 Loans to and receivables from customers 1,029,442,135 890,343,470 Debt securities 50,481,101 48,931,412 Loans to and receivables from banks 8,015,450 12,934,711 Derivative instruments 358,539,892 273,922,196 Interest expense and similar charges 576,687,339 394,976,691 Current accounts and deposits from banks 19,892,124 5,604,563 Current accounts and deposits from individuals 135,284,010 85,006,806 Current accounts and deposits from companies and other organisations 43,769,383 19,237,159 Borrow ings 30,118,177 20,139,495 Derivative instruments 347,623,645 264,791,568 Other 0 197,100 869,791,239 831,155,098 Net fee and commission income Previous period 31.03.2017. Current period 31.03.2018. Fee and commission income 354,297,095 362,537,899 Domestic payment transaction related fees and commissions 132,492,698 149,280,907 Credit card related fees and commissions 70,023,748 86,367,267 Foreign payment transaction related fees and commissions 34,535,892 22,039,719 Investment management, brokerage and consultancy fees 65,344,290 56,399,246 Other fees and commissions 51,900,467 48,450,760 Fee and commission expense 31,836,877 38,445,183 Credit card related charges 17,571,945 24,365,323 Domestic payment transaction related charges 8,656,532 9,142,115 Foreign payment transaction related charges 1,368,294 1,502,459 Other fees and commissions 4,240,106 3,435,286 322,460,218 324,092,716 Impairment losses and provisions Previous period 31.03.2017. Current period 31.03.2018. Impairment losses on loans to and receivables from customers (791,229,613) (100,986,274) Other impairment losses and provisions 1,124,369 20,846,639 (790,105,244) (80,139,635) Earnings per share Previous period 31.12.2017. Current period 31.03.2018. Profit/(loss) attributable to equity holders of the Bank 1,041,182,218 468,471,111 Weighted average number of ordinary shares in issue 320,233,319 320,012,893 Basic and diluted earnings per share (expressed in HRK per share) 3.25 5.86