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Hrvatska poštanska banka

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Hrvatska poštanska banka PLC
Company typePublic
ZSEHPB
ISINHRHPB0RA0002
IndustryBanking, Financial services
FoundedOctober 1991; 33 years ago (1991-10)
FounderCroatian Post
Headquarters4 Jurišićeva Street, ,
Number of locations
68 branch offices & approximately 700 automated teller machines (March 2024)[1]
Key people
Marko Badurina (President of The Management Board)
ProductsConsumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards
Increase EUR 80.618 thousand (2023)[2]
Total assetsIncrease EUR 7.046.053 thousand (2023)[2]
Number of employees
1752 (as of 31 Dec 2023)[3]
Subsidiaries
  • HPB Invest d.o.o.
  • HPB-Nekretnine d.o.o.
Websitewww.hpb.hr/en

Hrvatska poštanska banka d.d. or HPB is the largest Croatian-owned bank in the country and ranks 5th in Croatia in terms of total assets, worth around EUR 7.046.053 thousands.[4]

The bank was founded in October 1991 by Hrvatska pošta, the Croatian national postal service, which was the bank's majority shareholder until 2001.[5] Since 2001, the Government of Croatia is the majority owner of the bank, via stakes acquired by the state-owned fund Hrvatski fond za privatizaciju and the national pension fund Hrvatski zavod za mirovinsko osiguranje. HPB is listed on the Zagreb Stock Exchange.

In November 2019, the International Banker awarded Hrvatska poštanska banka as the best commercial bank of the year in Croatia.[6] In March 2020, HPB decided to retain 2019 net profit, accepting a resolution of the Croatia's central bank.[7]

Hrvatska poštanska banka has been designated in 2020 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[8]

In September 2021, the supervisory board of HPB appointed Marko Badurina as President of the HPB Management Board, and Anto Mihaljević and Ivan Soldo as Members of the management board. The CNB Council approved the propositions.[9]

In March 2022, the EU unit of Sberbank went into insolvency (due to the EU sanctions in reaction to the 2022 Russian invasion of Ukraine and the Single Resolution Board decided to transfer all shares of the Sberbank's Croatian subsidiary to HPB. On the 2nd of March, HPB officially bought the local unit of Sberbank for 71 million kuna (€9.4 million euro).[10]

Ownership structure[5]
Number of shares Percentage
Republic of Croatia 909,035 44.8989%
Croatian Post 241,610 11.9336%
Croatian Deposit Insurance Agency 181,918 8.9803%
Croatian Pension Insurance Institute 177,311 8.7577%
PBZ CO mandatory pension fund - cat. B 121,522 6.0022%
HPB own treasury shares 49 0.0024%
Others 393,280 19.4248%

References

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  1. ^ "About Us". Hrvatska poštanska banka. Retrieved 3 March 2024.
  2. ^ a b "Pokazatelji poslovanja kreditnih institucija". Hrvatska narodna banka. March 2024. Retrieved 3 March 2024.
  3. ^ "Annual Report for 2023" (PDF). Hrvatska poštanska banka. December 2023. Retrieved 3 March 2024.
  4. ^ "Pokazatelji poslovanja kreditnih institucija".
  5. ^ a b "Osnovne informacije" [General informations]. HPB (in Croatian). Hrvatska poštanska banka. Retrieved 20 May 2024.
  6. ^ internationalbanker (2019-11-25). "The International Banker 2019 Western & Eastern European Awards Winners". International Banker. Retrieved 2021-09-12.
  7. ^ "Croatian lender HPB to retain 2019 net profit in line with c-bank order". seenews.com. 26 March 2020. Retrieved 2021-09-12.
  8. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  9. ^ MarketScreener (10 September 2021). "CNB Council: Approval granted for the Management Board of Hrvatska poštanska banka". www.marketscreener.com. Retrieved 2021-09-12.
  10. ^ "Croatia's HPB buying Sberbank's local unit for 71 mln kuna (9.4 mln euro)". www.seenews.com. 2 March 2022. Retrieved 2022-03-04.
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