Four Expressions of Interest in Purchase of Croatia Bank Received

Total Croatia News

Source: Pixabay
Four expressions of interest in purchase of Croatia Bank received
Four expressions of interest in purchase of Croatia Bank received

ZAGREB, September 10, 2020 – The State Agency for Deposit Insurance and Bank Resolution (DAB) has received four expressions of interest in the purchase of Croatia Bank, including two from Europe and one each from the United States and Hong Kong, DAB said on Thursday.

“Four expressions of interest in the purchase of 100% of shares in Croatia banka d.d. have been received. They came from the financial and banking sector, notably from interested parties from the United States, Hong Kong and two from Europe,” DAB said in a brief response to Hina’s query.

It added that due diligence was under way and would be completed by October 9, after which the transaction would be concluded in the following months.

Croatia Banka is fully owned by DAB, which published a call for expression of interest in its purchase on July 6. On sale are 4,746,000 series A shares, each having a nominal value of HRK 100, which constitute 100% of the bank’s share capital.

According to data from the Croatian National Bank, Croatia Banka is among smaller Croatian banks, with a 0.46% share in the total assess of banks in Croatia, and last year its total assets totalled HRK 1.97 billion. It ended 2019 with a loss of HRK 25 million, while in the first half of 2020 it reported a gross profit of HRK 4.8 million.


For the latest travel info, bookmark our main travel info article, which is updated daily

Read the Croatian Travel Update in your language – now available in 24 languages

Join the Total Croatia Travel INFO Viber community.


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