Hrvatska Poštanska Banka d.d.

Quarterly Report • Oct 30, 2020

TRANSLATION

HPB Group RESULT Q3 20

Limitation of liability

• The information and data contained in this presentation are intended to be general background information on Hrvatska poštanska banka p.l.c. as the parent company of the Hrvatska poštanska banka Group (hereinafter referred to as the Bank, Group or HPB p.l.c.) and its activities and is supplied in summary form and therefore not necessarily complete.
• This presentation may include information and data derived from publicly available sources that have not been independently verified, therefore HPB p.l.c. hereby expressly makes no representation of warranty of any kind, including, but not limited to the accuracy, completeness or reliability of the provided information and data.
• Contained statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions therefore, when making decisions based on predictions of future uncertain events, the investors and/or others should carefully consider such factors and other uncertainties and events.

In accordance with the Capital Markets Act, Hrvatska poštanska Banka p.l.c. (Bank), as the parent company of the Hrvatska poštanska banka Group (Group), publishes unaudited financial statements for the period from January 01 to September 30 2020.

This report includes:

• Management report of HPB Group,
• statement by persons responsible for compiling the report,
• unaudited set of consolidated financial statements (balance sheet, profit or loss statement, statement of changes in equity, cash flow statement), and
• notes to the consolidated financial statements.

Financial statements and notes have been compiled in accordance with instructions defined in Rulebook on format and content of interim financial reports of issuers (NN 114/2018).

Management report

HPB Group is, apart from the parent company – Hrvatska poštanska Banka p.l.c., HPB Invest (investment fund management) and HPB-nekretnine (real estate agency).

As of April 1, 2019. Jadranska banka p.l.c. was successfully merged to Hrvatska poštanska banka p.l.c. and on December 2, 2019 the HPB Stambena štedionica p.l.c. was merged.

The HPB Group's net profit after tax is HRK 166.1 million. The Group's result relates largely to the results of the parent company, while HPB Invest made a net profit of HRK 738.9 thousand and HPB-Nekretnine a net profit of HRK 365.9 thousand.

Statement by persons accountable for compiling the report of HPB p.l.c.

In accordance with the Capital Market Act, the Management Board of HPB p.l.c., the parent company of HPB Group, states that according to their best knowledge the set of consolidated unaudited financial statements for the period from January 01 to September 30, 2020, are compiled in accordance with the accounting regulation applicable to credit institutions in Croatia, presents complete and accurate view of assets and liabilities, losses and gains, financial position and results of HPB p.l.c., as well as companies included in consolidation as a whole.

On behalf of HPB p.l.c., the parent company of HPB Group:

Executive Head of finance division Chief Executive Officer

Tea Bažant Marko Badurina

Anto Mihaljević

Member of the Management Board

Ivan Soldo

Member of the Management Board

Annex 1

Reporting period:		1.1.2020	to	30.9.2020
Year:		2020
Quarter:		3
		Quarterly financial statements
Registration number (MB):	03777928		Issuer's home Member	HRVATSKA
			State code:
Entity's registration number (MBS):	080010698
Personal identification number (OIB):	87939104217		LEI:	529900D5G4V6THXC5P79
Institution code:	319
	Name of the issuer: HRVATSKA POŠTANSKA BANKA, p.l.c.
Postcode and town:	10000		ZAGREB
Street and house number: JURIŠIĆEVA 4
E-mail address: hpb@hpb.hr
Web address: www.hpb.hr
Number of employees
(end of the reporting period):	1318
Consolidated report:	KD	(KN-not consolidated/KD-consolidated)		KN	KD
Audited:	RN	(RN-not audited/RD-audited)		RN	RD
	Names of subsidiaries (according to IFRS):		Registered office:		MB:
HPB-nekretnine d.o.o.		Amruševa 8, 10000Zagreb			01972260
HPB Invest d.o.o.		Strojarska cesta 20, 10000 Zagreb			01972278
					Da
Bookkeeping firm:	No	(Yes/No)			Ne
				(name of the bookkeeping firm)
Contact person: Tea Bažant
	(only name and surname of the contact person)
	Telephone: 014804670
	E-mail address: tea.bazant@hpb.hr
Audit firm:
	(name of the audit firm)
Certified auditor:

ISSUER'S GENERAL DATA

(name and surname)

BALANCE SHEET as at September 30, 2020
Submitter: Hrvatska poštanska banka p.l.c.			in HRK
Item	AOP code	Last day of the preceding business year	At the reporting date of the current period
1	2	3	4
Assets
Cash, cash balances at central banks and other demand deposits (from 2 to 4)	001	2,772,782,193	4,369,185,313
Cash in hand	002	961,912,026	1,095,638,381
Cash balances at central banks	003	1,014,563,142	2,664,066,151
Other demand deposits	004	796,307,025	609,480,781
Financial assets held for trading (from 6 to 9) Derivatives	005 006	612,871,552 852,203	713,091,803 -
Equity instruments	007	96,079,539	91,467,457
Debt securities	008	515,939,810	621,624,346
Loans and advances Non-trading financial assets mandatorily at fair value through profit or loss (from 11 to 13)	009 010	- 21,199,086	- 20,230,444
Equity instruments	011	-	-
Debt securities Loans and advances	012	-	-
Financial assets at fair value through profit or loss (15 + 16)	013 014	21,199,086 -	20,230,444 -
Debt securities	015	-	-
Loans and advances	016	-	-
Financial assets at fair value through other comprehensive income (from 18 to 20) Equity instruments	017 018	4,640,197,866 57,269,384	4,135,524,220 45,076,562
Debt securities	019	4,582,928,482	4,090,447,658
Loans and advances	020	-	-
Financial assets at amortised cost (22 + 23) Debt securities	021 022	15,213,145,060 4,305,695	15,818,751,198 3,244,505
Loans and advances	023	15,208,839,365	15,815,506,693
Derivatives - hedge accounting	024	-	-
Fair value changes of the hedged items in portfolio hedge of interest rate risk Investments in subsidiaries, joint ventures and associates	025 026	- -	- 43
Tangible assets	027	324,499,245	335,392,028
Intangible assets Tax assets	028 029	110,071,915 6,453,295	94,554,301 3,668,298
Other assets	030	52,180,680	37,821,820
Fixed assets and disposal groups classified as held for sale	031	20,000,000	20,000,000
Total assets (1 + 5 + 10 + 14 + 17 + 21 + from 24 to 31) Liabilities	032	23,773,400,892	25,548,219,468
Financial liabilities held for trading (from 34 to 38)	033	863,025	-
Derivatives	034	863,025	-
Short positions	035	-	-
Deposits Debt securities issued	036 037	- -	- -
Other financial liabilities	038	-	-
Financial liabilities at fair value through profit or loss (from 40 to 42)	039	-	-
Deposits Debt securities issued	040 041	- -	- -
Other financial liabilities	042	-	-
Financial liabilities measured at amortised cost (from 44 to 46)	043 044	21,048,705,186	22,807,935,851
Deposits Debt securities issued	045	20,936,228,925 -	22,688,764,172 -
Other financial liabilities	046	112,476,261	119,171,679
Derivatives - hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk	047 048	- -	- -
Provisions	049	196,063,323	131,544,331
Tax liabilities	050	1,728,314	11,627,805
Share capital repayable on demand Other liabilities	051 052	- 149,349,151	- 148,091,932
Liabilities included in disposal groups classified as held for sale	053	-	-
Total liabilities (33 + 39 + 43 + from 47 to 53) Equity	054	21,396,708,999	23,099,199,919
Initial capital	055	1,214,775,000	1,214,775,000
Share premium	056	-	-
Equity instruments issued other than capital	057 058	-	-
Other equity instruments Accumulated other comprehensive income	059	- 319,404,893	- 227,682,082
Retained profit	060	156,511,227	229,537,301
Revaluation reserves Other reserves	061 062	- 539,561,769	- 611,448,069
( - ) Treasury shares	063	(477,000)	(477,000)
Profit or loss attributable to owners of the parent	064	146,916,005	166,054,097
(--) Interim dividends Minority interests [non-controlling interests]	065 066	- -	- -
Total equity (from 55 to 66)	067	2,376,691,894	2,449,019,549
Total equity and liabilities (54 + 67)	068	23,773,400,893	25,548,219,468

STATEMENT OF PROFIT AND LOSS for the period January 01, 2020 to September 30, 2020
Submitter: Hrvatska poštanska banka p.l.c.					in HRK
Item	AOP	Same period of the previous year		Current period
	code	Cumulative	Quarter	Cumulative Quarter
1	2	3	4	5	6
Interest income	001	456,749,031	155,210,756	441,110,154	146,014,039
(Interest expenses) (Expenses on share capital repayable on demand)	002 003	54,280,387 -	16,255,491 -	39,959,672 -	12,837,887 -
Dividend received	004	3,622,454	21,059	3,280,842	1,053,562
Fees and commissions income	005	418,225,160	165,440,344	349,185,453	130,570,172
(Fees and commissions expenses) Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value	006	252,734,526	101,283,308	208,625,138	77,712,019
through profit or loss, net	007	4,079,683	-	35,035,565	-
Gains or (-) losses on financial assets and liabilities held for trading, net	008	87,189,780	43,467,637	28,643,341	20,827,844
Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss, net	009	2,027	-	216,712	16,685
Gains or (-) losses on financial assets and liabilities at fair value through profit or loss, net	010	-	-	-	-
Gains or (-) losses from hedge accounting, net	011	-	-	-	-
Exchange rate differences [gain or (-) loss], net	012	(2,781,705)	(1,243,679)	(7,587,801)	(931,046)
Gains or (-) losses on derecognition of non-financial assets, net Other operating income	013 014	- 5,488,255	- 1,692,787	- 8,891,643	- 3,132,645
(Other operating expenses)	015	32,667,878	10,907,279	9,547,697	(19,468,045)
Total operating income, net (1 – 2 – 3 + 4 + 5 – 6 + from 7 to 14 – 15)	016	632,891,894	236,142,826	600,643,402	229,602,040
(Administrative expenses)	017	301,694,943	99,378,961	317,703,017	128,525,871
(Depreciation) Modification gains or (-) losses, net	018 019	37,741,782 (13,055,167)	12,740,157 (6,656,006)	58,457,544 (3,383,797)	17,883,412 (5,896,267)
(Provisions or (-) reversal of provisions)	020	(9,845,185)	1,256,629	(62,691,595)	(3,061,788)
(Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss)	021	80,558,224	62,709,533	83,447,502	17,677,528
	022	-	-	-	-
(Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) (Impairment or (-) reversal of impairment on non-financial assets)	023	-	-	-	-
Negative goodwill recognised in profit or loss	024	-	-	-	-
Share of the profit or (-) loss of investments in subsidiaries, joint ventures and associates accounted for	025	-	-	-	-
using the equity method Profit or (-) loss from fixed assets and disposal groups classified as held for sale not qualifying as
discontinued operations Profit or (-) loss before tax from continuing operations (16 – 17 – 18 + 19 – from 20 to 23 + from	026	-	-	-	-
24 to 26)	027	209,686,963	53,401,540	200,343,137	62,680,750
(Tax expense or (-) income related to profit or loss from continuing operations) Profit or (-) loss after tax from continuing operations (27 – 28)	028	31,110,963	1,531,653	34,289,040	12,312,862
	029	178,576,000	51,869,887	166,054,097	50,367,888
Profit or (-) loss after tax from discontinued operations (31 – 32)	030	-	-	-	-
Profit or (-) loss before tax from discontinued operations (Tax expense or (-) income related to discontinued operations)	031	-	-	-	-
Profit or ( – ) loss for the year (29 + 30; 34 + 35)	032 033	- 178,576,000	- 51,869,887	- 166,054,097	- 50,367,888
Attributable to minority interest [non-controlling interests]	034	-	-	-	-
Attributable to owners of the parent STATEMENT OF OTHER COMPREHENSIVE INCOME	035	178,576,000	51,869,887	166,054,097	50,367,888
Income or (-) loss for the current year Other comprehensive income (38 + 50)	036 037	178,576,000 242,459,931	51,869,887 121,086,791	166,054,097 (91,723,091)	50,367,888 25,631,901
Items that will not be reclassified to profit or loss (from 39 to 45) + 48 + 49)	038	-	-	-	-
Tangible assets	039	-	-	-	-
Intangible assets Actuarial gains or (-) losses on defined benefit pension plans	040 041	- -	- -	- -	- -
Fixed assets and disposal groups classified as held for sale	042	-	-	-	-
Share of other recognised income and expense of entities accounted for using the equity method	043	-	-	-	-
	044
Fair value changes of equity instruments measured at fair value through other comprehensive income Gains or (-) losses from hedge accounting of equity instruments at fair value through other		-	-	-	-
comprehensive income, net	045	-	-	-	-
Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item]	046	-	-	-	-
Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument]	047	-	-	-	-
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in	048	-	-	-	-
their credit risk
Income tax relating to items that will not be reclassified Items that may be reclassified to profit or loss (from 51 to 58)	049	- 242,459,931	- 121,086,791	- (91,723,091)	- 25,631,901
Hedge of net investments in foreign operations [effective portion]	050 051	-	-	-	-
Foreign currency translation	052	-	-	-	-
Cash flow hedges [effective portion]	053	-	-	-	-
Hedging instruments [not designated elements] Debt instruments at fair value through other comprehensive income	054 055	- 295,656,656	- 147,640,632	- (111,857,428)	- 31,258,416
Fixed assets and disposal groups classified as held for sale	056	-	-	-	-
Share of other recognised income and expense of investments in subsidiaries, joint ventures and	057
associates		-	-	-	-
Income tax relating to items that may be reclassified to profit or (-) loss Total comprehensive income for the current year (36 + 37; 60 + 61)	058 059	(53,196,725) 421,035,931	(26,553,841) 172,956,678	20,134,337 74,331,006	(5,626,515) 75,999,790
Attributable to minority interest [non-controlling interest]	060	-	-	-	-
Attributable to owners of the parent	061	421,035,931	172,956,678	74,331,006	75,999,790

STATEMENT OF CASH FLOW

for the period January 01, 2020 to September 30, 2020

Submitter: Hrvatska poštanska banka p.l.c.			in HRK
Item	AOP code	Same period of the previous year	Current period
1	2	3	4
Operating activities - direct method
Interest received and similar receipts	001	-	-
Fees and commissions received	002	-	-
(Interest paid and similar expenditures)	003	-	-
(Fees and commissions paid)	004	-	-
(Operating expenses paid)	005	-	-
Net gains/losses from financial instruments at fair value through statement of profit or loss	006	-	-
Other receipts	007	-	-
(Other expenditures)	008	-	-
Operating activities - indirect method
Profit/(loss) before tax	009	209,686,962	200,343,137
Adjustments:		-	-
Impairment and provisions	010	70,713,039	24,139,704
Depreciation	011	37,741,782	58,111,404
Net unrealised (gains)/losses on financial assets and liabilities at fair value through statement of profit or	012	(87,189,780)	(56,091,105)
loss
(Profit)/loss from the sale of tangible assets Other non-cash items	013	(1,004,496)	-
	014	(399,678,068)	(262,208,543)
Promjene u imovini i obvezama iz poslovnih aktivnosti
Deposits with the Croatian National Bank	015	926,235,665	318,279,579
Deposits with financial institutions and loans to financial institutions	016	2,773,911	-
Loans and advances to other clients	017	(1,706,246,776)	(1,011,483,817)
Securities and other financial instruments at fair value through other comprehensive income	018	(1,845,782,114)	460,670,888
Securities and other financial instruments held for trading	019	52,100,069	(78,196,069)
Securities and other financial instruments at fair value through statement of profit or loss, not traded	020	(82,419,226)	-
Securities and other financial instruments mandatorily at fair value through statement of profit or loss	021	-	-
Securities and other financial instruments at amortised cost	022	57,119,729	1,061,190
Other assets from operating activities	023	(886,354,153)	14,358,860
Deposits from financial institutions	024	263,918,240	(63,696,447)
Transaction accounts of other clients	025	1,056,225,944	1,213,685,788
Savings deposits of other clients	026	1,253,551,236	650,247,498
Time deposits of other clients	027	(486,328,774)	(491,474,706)
Derivative financial liabilities and other liabilities held for trading	028	(2,282,096)	5,832,393
Other liabilities from operating activities	029	145,204,583	(3,084,616)
Interest received from operating activities [indirect method]	030	428,955,164	296,386,624
Dividends received from operating activities [indirect method]	031	2,179,175	3,280,842
Interest paid from operating activities [indirect method]	032	(77,664,802)	(34,178,081)
(Income tax paid)	033	(2,458,356)	-
Net cash flow from operating activities (from 1 to 33)	034	(1,071,003,142)	1,245,984,523
Investing activities
Cash receipts from the sale / payments for the purchase of tangible and intangible assets	035	(87,625,000)	(53,486,573)
Cash receipts from the sale / payments for the purchase of investments in branches, associates and joint	036	-	-
ventures Cash receipts from the sale / payments for the purchase of securities and other financial instruments held to
maturity	037	-	-
Dividends received from investing activities	038	-	1,061,190
Other receipts/payments from investing activities	039	-	-
Net cash flow from investing activities (from 35 to 39)	040	(87,625,000)	(52,425,383)
Financing activities
Net increase/(decrease) in loans received from financing activities	041	198,262,553	471,104,153
Net increase/(decrease) in debt securities issued	042	-	-
Net increase/(decrease) in Tier 2 capital instruments	043	-	-
Increase in share capital	044	-	-
(Dividends paid)	045	-	-
Other receipts/(payments) from financing activities	046	-	-
Net cash flow from financing activities (from 41 to 46)	047	198,262,553	471,104,153
Net increase/(decrease) of cash and cash equivalents (34 + 40 + 47)	048	(960,365,589)	1,664,663,293
Cash and cash equivalents at the beginning of period	049	4,596,187,526	3,037,318,898
Effect of exchange rate fluctuations on cash and cash equivalents	050	(35,415,714)	7,587,801
Cash and cash equivalents at the end of period (48 + 49 + 50)
	051	3,600,406,223	4,709,569,992

STATEMENT OF CHANGES IN EQUITY for the period January 01, 2020 to September 30, 2020															in HRK
		Non-controlling Attributable to owners of the parent interest
Item	AOP code	Equity	Share premium	Equity instruments issued other than capital	Other equity instruments	Accumulated other comprehensive income	Retained profit Revaluatio	n reserves	Other reserves	( ) Treasury shares	Profit or ( - ) loss attributable to owners of the parent	(-) Interim dividends	Accumulat ed other comprehe nsive income	Other items	Total
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
Opening balance [before restatement]	001	1,214,775,000	-	-	-	319,404,893	156,511,227	-	539,561,769	(477,000)	146,916,006	-	-	-	2,376,691,895
Effects of error corrections	002	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effects of changes in accounting policies	003	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Opening balance [current period] (1 + 2 + 3)	004	1,214,775,000	-	-	-	319,404,893	156,511,227	-	539,561,769	(477,000)	146,916,006	-	-	-	2,376,691,895
Ordinary shares issue	005	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preference shares issue	006	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issue of other equity instruments	007	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise or expiration of other equity instruments issued	008	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of debt to equity	009	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital reduction	010	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends	011	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase/sale of treasury shares	012	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale or cancellation of treasury shares	013	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of financial instruments from equity to liability	014	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of financial instruments from liability to equity	015	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers among components of equity instruments	016	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share based payments	017	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other increase or ( - ) decrease of equity instruments	018	-	-	-	-	(91,722,811)	73,026,074	-	71,886,300	-	(146,916,006)	-	-	-	(93,726,443)
Total comprehensive income for the current year	019	-	-	-	-	-	-	-	-	-	166,054,097	-	-	-	166,054,097
Equity instruments increase or (-) decrease resulting from business combinations	020	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Closing balance [current period] (from 4 to 20)	021	1,214,775,000	-	-	-	227,682,082	229,537,301	-	611,448,069	(477,000)	166,054,097	-	-	-	2,449,019,549

Notes to financial statements
				in HRK
1) INTEREST INCOME	Same period of the previous year 01.01.-
AOP 001	30.09.2019		Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
Debt securities	69,806,446	19,429,169	61,418,998	19,641,556
Loans and advances Other assets	386,526,356 414,387	135,780,208 52	379,474,835 212,673	126,371,183 8
Deposits	1,842	1,327	3,647	1,292
Other liabilities	-	-	-	-
Total	456,749,031	155,210,756	441,110,154	146,014,039
				in HRK
2) INTEREST EXPENSE	Same period of the previous year 01.01.-
AOP 002	30.09.2019			Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
Debt securities	-	-	-	-
Loans and advances	2,173,490	671,749	2,316,079	990,866
Other assets Deposits	- 51,358,556	- 15,394,747	- 36,931,044	- 11,623,441
Other liabilities	748,340	188,995	712,550	223,581
Total	54,280,387	16,255,491	39,959,672	12,837,887
3) FEE AND COMMISSION INCOME				in HRK
AOP 005	Same period of the previous year 01.01.- 30.09.2019			Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
Securities	317,543	135,747	232,226	36,061
Asset management	38,134	13,459	34,099	10,567
Custody [according to the type of client]	3,693,742	1,240,939	3,553,612	1,207,435
Loan commitments Other	116,767 414,058,974	37,955 164,012,244	58,796 345,306,720	15,154 129,300,956
Total	418,225,160	165,440,344	349,185,453	130,570,173
4) FEE AND COMMISSION EXPENSE				in HRK
AOP 006	Same period of the previous year 01.01.-			Current period 01.01. – 30.09.2020.
	30.09.2019
Bank clearing and settlement	Cumulative 1,138,324	Quarter 385,407	Cumulative 1,272,024	Quarter 443,797
Other	251,596,202	100,897,901	207,353,114	77,268,222
Total	252,734,526	101,283,308	208,625,138	77,712,019
5) GAIN/LOSSES ON TERMINATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES				in HRK
AOP 007	Same period of the previous year 01.01.-			Current period 01.01. – 30.09.2020.
	30.09.2019 Cumulative	Quarter	Cumulative	Quarter
Debt securities	4,079,683	-	35,035,565	-
Loans and advances	-	-	-	-
Deposits	-	-	-	-
Debt Securities issued	-	-	-	-
Other financial liabilities	-	-	-	-
Total	4,079,683	-	35,035,565	-
6) GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD FOR TRADING				in HRK
	Same period of the previous year 01.01.-
AOP 008	30.09.2019			Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
Equity instruments	16,066,674	11,181,187	-	4,975,117
Debt securities	32,620,896	15,142,709	(12,380,088)	31,808
FX transactions and derivatives Total	38,502,210 87,189,780	17,143,742 43,467,638	41,023,429 28,643,341	15,820,919 20,827,844
7) GAINS OR LOSSES ON NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS
AOP 009	Same period of the previous year 01.01.-			Current period 01.01. – 30.09.2020.
	30.09.2019
Equity instruments	Cumulative -	Quarter -	Cumulative -	Quarter -
Debt securities	-	-	-	-
Loans and advances	2,027	-	216,712	16,684
Total	2,027	-	216,712	16,684
8) OPERATING EXPENSES	Same period of the previous year 01.01.-			in HRK
AOP 015 & AOP 017 & AOP 018	30.09.2019			Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
(Other operating expenses)	32,667,879	10,907,279	9,547,697	(19,468,045)
(Administrative expenses)	301,694,943	99,378,961	317,703,017	128,525,871
(Employee expenses)	159,696,175	56,494,056	203,353,069	90,772,104
(Other administrative expenses) (Amortization)	141,998,768 37,741,782	42,884,905 12,740,157	114,349,947 58,457,544	37,753,766 17,883,412
(Property, plant and equipment)	23,927,726	14,860,827	35,941,816	14,174,692
(Investment property)	13,814,056	13,814,056	22,515,728	22,515,728
(Other intangible assets)	-	(15,934,725)	-	(18,807,008)
Total	372,104,603	123,026,397	385,708,258	126,941,238
				in HRK
9) IMPAIRMENT LOSSES AND PROVISION EXPENSES	Same period of the previous year 01.01.-
AOP 019 & AOP 020 & AOP 021 & AOP 023	30.09.2019			Current period 01.01. – 30.09.2020.
	Cumulative	Quarter	Cumulative	Quarter
Modification gains or (-) losses, net	(13,055,167)	(6,656,006)	(3,383,797)	(5,896,267)
Financial assets at fair value through other comprehensive income	-	-	-	-
Financial assets at amortized cost	(13,055,167)	(6,656,006)	(3,383,797)	(5,896,267)
(Provisions or (-) reversal of provisions) (Liabilities and Guarantees)	(9,845,185) 5,435,931	1,256,629 1,200,194	(62,691,595) 10,829,653	(3,061,788) (3,020,534)
(Other Provisions)	(15,281,116)	56,435	(73,521,248)	(41,255)
(Impairment or (-) reversal of impairment on financial assets that are
not measured at fair value through profit or loss)	80,558,224	62,709,532	83,447,502	17,677,529
(Financial assets at fair value through other comprehensive income)	5,078,472	(2,239,321)	676,726	(213,697)
(Financial assets at amortized cost)	75,479,752	64,948,854	82,770,776	17,891,226
(Impairment or (-) reversal of impairment off of investments in subsidiaries, joint ventures, and associates)	-	-	-	-
(Impairment or (-) reversal of impairment off non-financial assets)	-	-	-	-
(Property, plant and equipment)	-	-	-	-
(Investment property)	-	-	-	-
(Goodwill)	-	-	-	-
(Other intangible assets)	-	-	-	-
(Other) Total	- 83,768,206	- 70,622,168	- 24,139,704	- 20,512,007

10) LOANS AND ADVANCES						in HRK
AOP 023		31.12.2019.	30.09.2020.
	Stage 1	Stage 2	Stage 3	Stage 1	Stage 2	Stage 3
Central banks	1,558,206,655	-	-	1,239,927,076	-	-
Gross loans	1,558,206,655	-	-	1,239,927,076	-	-
Allowance	-	-	-	-	-	-
Government	2,244,696,909	4,456,728	-	2,561,652,607	396,714	374
Gross loans	2,250,085,612	5,026,891	383,503	2,567,252,578	544,242	387,851
Allowance	(5,388,703)	(570,163)	(383,503)	(5,599,971)	(147,528)	(387,476)
Credit institutuions	233,379,950	-	-	319,375,729	-	-
Gross loans	233,991,494	-	-	37,140	-	-
Allowance	(611,544)	-	-	(0)	-	-
Deposits	-	-	-	319,935,511	-	-
Allowance	-	-	-	(596,923)	-	-
Other financial institutions	129,436,444	461,201	-	97,251,756	1,335	-
Gross loans	117,745,218	466,361	15,995	85,911,241	1,407	502,962
Allowance	(398,194)	(5,160)	(15,995)	(399,680)	(72)	(502,962)
Deposits	12,197,705	-	-	11,838,941	-	-
Allowance	(108,285)	-	-	(98,745)	-	-
Non - financial institutions	3,627,780,064	170,418,701	441,502,507	3,288,087,756	439,536,164	627,914,253
Gross loans	3,724,482,681	219,244,197	1,343,775,272	3,403,539,018	504,193,386	1,462,624,656
Allowance	(96,702,617)	(48,825,496)	(902,272,765)	(115,451,262)	(64,657,221)	(834,710,403)
Retail	6,301,397,489	304,661,307	192,441,409	6,875,232,267	203,058,653	163,072,008
Gross loans	6,330,026,490	322,194,397	644,630,416	6,914,472,069	221,635,660	677,449,974
Allowance	(28,629,002)	(17,533,090)	(452,189,007)	(39,239,801)	(18,577,007)	(514,377,965)
Total	14,094,897,511	479,997,937	633,943,916	14,381,527,191	642,992,865	790,986,636
11) NON-TRADING FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS						in HRK
AOP 013	31.12.2019.	30.09.2020.
Central banks	-	-
Local state	-	-
Credit institutions	-	-
Other financial institutions	-	-
Non - financial institutions	6,692,018	5,488,142
Retail	14,507,069	14,742,302
Total	21,199,086	20,230,444
12) DEPOSITS						in HRK
AOP 044	31.12.2019.	30.09.2020.
Government	-	400,000,000
Local state	4,896,096,420	5,492,277,151
Credit institutions	127,248,024	176,087,267
Other financial institutions	1,436,745,667	1,426,269,141
Non - financial institutions	2,738,237,692	3,194,908,762

Retail 11,737,901,121 11,999,221,852 Total 20,936,228,925 22,688,764,172