Nova Hrvatska Banka/New Croatian Bank Begins Operations

Lauren Simmonds

Updated on:

As Poslovni Dnevnik writes, after a record year in which it achieved the best net profit in history in the amount of 202 million kuna, asset growth of 27.9 billion kuna and a capital adequacy ratio of 25.7 percent, Hrvatska postanska banka successfully implemented another demanding project – the rehabilitation of Sberbank d.d., more precisely the future New Croatian Bank d.d.

The Council of the Croatian National Bank (CNB/HNB) has made a decision on the successful completion of the rehabilitation procedure, which will formally start the New Croatian Bank’s operations as Nova hrvatska banka d.d. within the HPB group. With this takeover, the completion of the rehabilitation process and the merger of the New Croatian Bank, HPB is ultimately strengthening its future position here on the Croatian market. The rehabilitation process itself was completed in a short time and the bank has been stabilised and is operating successfully.

Implementing this demanding process is a new step in strengthening HPB’s business overall. As a new member of the HPB group, the New Croatian Bank brings with it a significant customer base, a complementary portfolio and additional strength for business growth and further expansion.

“After the record result we had last year, we believe that the synergy effects will bring new benefits to our customers, shareholders and employees,” said Marko Badurina, President of the Management Board of HPB.

The Management Board of the New Croatian Bank was appointed as follows: Tadija Vrdoljak, President of the Management Board, Boris Bekavac and Ognjen Brakus, members of the Management Board.

For more on Croatian banks and financial institutions, make sure to check out our dedicated business section.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment