Zagrebacka manages to edge past RZB this year, thanks to a strong financial performance in 2002. Its profit before taxation grew by 57%, in part thanks to strong growth in fee and commission income, which was helped by the introduction of a new domestic payment system for corporate clients.
Loans to customers grew by 38% and retail deposits by 7%. Zagrebacka also dominates the fund management business, with a 52% market share. Return on equity was 18.4%, which was a strong recovery from 2001's 12.5%.
The bank has 21% of the total banking market in terms of assets.