March the 3rd, 2022 - Following alarming reports of Zagreb and Split residents lining up outside Sberbank branches to withdraw any cash they had in accounts there after harsh sanctions were imposed by most of the world on Russia, the Croatian HPB has taken over and clients can now breathe easy.
As Poslovni Dnevnik writes, Croatian Sberbank clients' money is safe yet again, and business conditions remain unchanged. On Wednesday, March the 2nd, at 12:00, the bank opened its branches for all of its clients and continued its regular operations as part of the HPB Group,'' the statement reads.
"We reacted in an extremely short time and enabled our fellow citizens to freely deposit their funds. At the same time, the acquisition of Sberbank strengthens the Croatian HPB's future position on the market, which is great news for our employees and shareholders alike. As of today, our new clients can continue to use all of their financial services normally, without any restrictions, and as such I'd like to congratulate everyone who did their best to resolve this situation as soon as possible,'' said HPB CEO Marko Badurina.
The Croatian National Bank (CNB/HNB) announced earlier not so long before that that the Single Resolution Committee had made a decision on Tuesday, in co-operation with the Croatian National Bank as the national resolution authority, initiating the resolution process over Sberbank d.d. Zagreb, and the new owner is now the Croatian HPB (Hrvatska postanska banka).
HPB is one of the leading banks in the Republic of Croatia, and back in 2021 it achieved the best result in 30 years of the bank's history and a record net profit of 202 million kuna.
HPB pointed out that this bank is one of the leaders in innovation and digitalisation of the sector, and for many years it has stood out as the most active in the programme of subsidised housing APN loans.
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