The European Central Bank has selected Zagrebacka banka, Privredna banka Zagreb
, Erste & Steiermarkische Bank, OTP banka Hrvatska and Hrvatska poStanska banka for the tests.
Net provisions for risks and charges amounted to EU56m, compared with EU222m in Q3 2015 and EU291m in Q4 2014 (the third quarter of 2015 included charges of EU172m due to the enactment of a law in Croatia that requires local banks, including the Group's subsidiary Privredna Banka Zagreb
, to offer their customers the option of converting Swiss-franc loans into euros; the fourth quarter of 2014 included charges of approximately EU160m resulting from legislative measures enacted in Hungary regarding customer reimbursement, which impacted the local banking system and, therefore, the Group's subsidiary CIB Bank).
2 lender Privredna Banka Zagreb
(PBZ) -- majority-owned by Italy's Intesa Sanpaolo and with 6.5 of its loan portfolio denominated in Swiss francs -- said that "from the very beginning" it had pointed in loan contracts to the possibility of exchange rate movements, and had offered to convert loans into kuna at the first sign of turbulence in 2007.
Companies Mentioned in this Report: Privredna Banka Zagreb
, Zagreba?ka Banka, Erste&Steiermarkische Bank d.d
Sramko, who has been the former governor of the National Bank of Slovakia, will represent Intesa Sanpaolo on the board of Hungary's CIB Bank, Banca Intesa Beograd, Privredna Banka Zagreb
, Slovenian Banka Koper and Intesa Sanpaolo Banka, Bosnia and Herzegovina.
The European Investment Bank is providing Euro 16 million to support the private sector in Croatia, as a loan to the Italian-owned Privredna banka Zagreb
, Croatia's second-biggest universal commercial bank.
In 1998, Privredna Banka Zagreb
emerged as a major banking competitor that might challenge Zagrebacka's 30 per cent share in a market that has slim hope for growth from ailing industry or companies that struggle to service their debts.
UnionPay International, a subsidiary of China UnionPay (CUP), has signed an agreement with Croatia-based Privredna banka Zagreb
(PBZ) Group and Intesa Sanpaolo Card (ISPC).
nCipher plc (LSE: NCH), a company that specialises in protecting critical enterprise data, has revealed that its payShield hardware security module has been deployed by Privredna Banka Zagreb
(PBZ), a financial institution based in Croatia, in a new telephone and Internet banking system.
Euro 70 million will come directly from the EBRD and Euro 90 million from a mixed group of local and Western banks, including Privredna banka Zagreb
, Zagrebacka banka, RZB-Austria, Hypo-Alpe Adria Bank, Credit Agricole Indosuez, Rijecka banka and Stedbanka.