Aggregate profit of domestic banks dropped by 11.9% y/y in January.
The aggregate profit of domestic commercial banks dropped by 11.9% y/y to HRK 387.3mn in January, the preliminary data released by the central bank showed.
Bank of America Corp , the second-largest US bank, on Monday said first-quarter profit fell 77 percent, hurt by trading losses and a $3.3 billion increase in reserves for credit problems.