July the 3st, 2022 - Hrvatska Postanska Banka has been pushed forward significantly on the market owing to its organic growth and the excellent business being done, not to mention a new acquisition.

As Poslovni Dnevnik writes, during the first six months of 2022, Hrvatska Postanska Banka achieved strong growth in terms of the wider HPB Group's assets and the acquisition of Nova Hrvatska Banka (New Croatian Bank), which is now successfully operating. All of the above has significantly strengthened its overall market position.

After a record 2021, a ten digit net profit of 1.066 billion kuna was realised at a consolidated level as a result of income due to acquisition activities and profit creation at the bank's level. A significant increase in property of 7.7 billion kuna indicates a strong step towards the entry of HPB into the top five banks per total assets on the entire Croatian market.

The main factors of the record positive results of the wider Hrvatska Postanska Banka Group in the first six months of 2022, in addition to the effects of acquisition activities, were the profits made from business even in these dire circumstances of growing inflation and the cost of adjusting business for the introduction of the euro in 2023. Hrvatska Postanska Banka successfully annulled the unfavourable effects of the drop in the price of bonds caused by the announcement of a change in monetary policy to restrain inflation and continued to implement the multitude of strategic projects of the HPB Group.

Back on March the 1st, 2022, the Hrvatska Postanska Banka took over Sberbank d.d., now called Nova Hrvatska Banka, which enabled it to stabilise its business, in that it also secured the preservation of its property and the property of its clients.

A significant increase in the Hrvatska Postanska Banka deposit and the stabilisation of Nova Hrvatska Banka's business, after them having taken it over, contributed to a much more favourable liquidity position and the strengthening of the potential to continue the realisation of a planned market share. The complementary and quality credit portfolio of Nova Hrvatska Banka has also further strengthened the stable and growing credit portfolio of HPB in almost all possible segments.

In addition to the record low level of the stake in unchanging loans, the activities of the diversification and increase in the quality of the bank's card products are reflected in the growth of total revenue from 7.7% fees that have mitigated the drop of net interest income of 6.0% (unconsoilidated) provided by a competent environment.

Thanks to cooperation with a strategic partner, Croatian Post (Hrvatska posta), Hrvatska Postanska Banka has continued to increase the availability of its financial services to different segments of clients even in the smallest and most remote rural locations that have a post office available.

For more, make sure to check out our dedicated business section.

May the 28th, 2022 - Hrvatska postanska banka has celebrated thirty long and successful years of operations with the acquisition of a brand new bank, Nova hrvatska banka (New Croatian bank).

As Poslovni Dnevnik writes, the celebration of 30 years of Hrvatska postanka banka's operations comes after a record 2021 in which the bank achieved the best net profit in history in the amount of 202 million kuna, asset growth increased to a massive 27.9 billion kuna, and it enjoyed a capital adequacy ratio of 25.7 percent.

“At Hrvatska postanska banka, we have many reasons to celebrate, in addition to achieving the best business results in history, we've got a new member within our group, Nova hrvatska banka, which is now stabilised and operating successfully. After a successful 30 years of doing business, we're continuing to strongly build the development path of the bank, providing significant support to the economic recovery of the country,'' said Marko Badurina, President of the Management Board of HPB.

The recently held celebration was also attended by Prime Minister Andrej Plenkovic, who said that he congratulated Hrvatska postanska banka on everything they had done for the Croatian banking system, especially in terms of the bank's distribution, which is very accessible to Croats today. The Prime Minister emphasised the exceptional readiness of Hrvatska postanska banka to integrate Nova hrvatska banka, along with the approach of the Croatian Government and the Croatian National Bank.

Hrvatska postanska banka was first founded in October 1991 with its headquarters in the City of Zagreb, and throughout a history full of milestones, it has continuously strengthened its market presence. It established its first branch in Split in 2003, when the network began to expand rapidly throughout the country, and its presence in Dalmatia was further strengthened by the successful merger of Jadranska banka back in 2019.

With a strong step towards digitalisation which began back in 2014, Hrvatska postanska banka will soon become a leader in digital trends. It was the first in all of Croatia to introduce access to the e-Citizens (e-Gradjani) platform, biometrics for logging in to mobile banking, enabling online account opening, cash withdrawal at ATMs with mobile phones. Thanks to its own network and a partner network of about 1,000 Croatian Post offices, today it is the most accessible bank in all of Croatia.

Hrvatska postanska banka marked its three decades of work in the Republic of Croatia with specially designed activities and socially responsible projects, and it also realised the video series which deals with financial education entitled ''HPB for financial literacy'', which will continue throughout 2022. Continuing the focus on sustainable business and the well-being of the community and its customers remains one of HPB's priority goals for this year.

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April the 15th, 2022 - Nova Hrvatska Banka, or the New Croatian Bank, is set to start operations formally within the wider Hrvatska postanska banka (HPB) group following a long and extensive rehabilitation process.

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.