account numbers of depository institutions
accounts of the Republic of Croatia with the CNB
Regulations:
The Act on the
Croatian National Bank
Article 36
(1) The Croatian National Bank shall keep the accounts of the Republic of
Croatia and execute payment transactions across these accounts.
(2) The Croatian National Bank shall make payments from an account by
order of the depositor referred to in paragraph (1) of this Article, up to
the amount of available funds in the account.
(3) The Croatian National Bank shall determine and pay interest on the
funds deposited in the account to the depositor referred to in paragraph
(1) of this Article.
(4) The Croatian National Bank shall calculate and charge fees for the
execution of transactions and provision of services to the depositor
referred to in paragraph (1) of this Article.
(5) The interest rate and fees referred to in paragraphs (3) and (4) of
this Article shall be agreed between the Croatian National Bank and the
Ministry of Finance, subject to market terms.
(6) The Croatian National Bank may authorise another legal person to
execute payment transactions across the accounts referred to in paragraph
(1) of this Article, in accordance with the terms and conditions laid down
by the Croatian National Bank, subject to approval of the Ministry of
Finance.
National Payment System Act
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see
payment
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allocation of reserve requirement
appointment of chairman and members of bank management board
appreciation
approval for the acqusition of a qualifying holding
Regulations:
The Banking Law:
Article 20
(1) In order to acquire shares of a bank on the basis of which a person
directly or indirectly acquires a qualifying holding in a bank
(hereinafter: qualified owner), it shall be necessary to obtain a prior
approval from the Croatian National Bank (hereinafter: approval for the
acquisition of a qualifying holding).
(2) A qualified owner shall obtain a prior approval from the Croatian
National Bank for each further acquisition of the shares of a bank on the
basis of which it acquires the participation of 20 percent, 33 percent, 50
percent or 75 percent in the voting rights or capital of the bank, or on
the basis of which it controls a bank.
(3) The Croatian National Bank may, in the approval referred to in
paragraphs 1 and 2 of this Article, determine conditions and set time
limits in which they have to be fulfilled by a qualified owner in order
for the approval referred to paragraphs 1 and 2 of this Article to be
valid.
(4) If the person that has obtained the approval referred to in paragraphs
1 and 2 of this Article intends to sell or dispose of its shares so that
its participation would be reduced below the limit for which it obtained
the approval, it shall notify in advance the Croatian National Bank of
such.
(5) Before deciding to issue an approval for the acquisition of a
qualifying holding or participation referred to in paragraph 2 of this
Article, the Croatian National Bank shall notify the competent supervisory
authority of the individual Member State if the request for issuing the
approval for the acquisition of a qualifying holding has been submitted by
any of the following persons:
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a bank entitled to
provide banking services in that Member State;
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a controlling or
dependent company of the bank referred to in item 1 of this paragraph;
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a person controlled by
the same person or persons that control(s) the bank referred to in item 1
of this paragraph.
(6) If the request for
issuing the approval for the acquisition of a qualified holding has been
filed by a bank of a Member State or a foreign bank, an approval or
opinion from the competent supervisory authority of that Member State or
the competent supervisory body of the foreign bank shall be enclosed with
the request for issuing the approval for the acquisition of a qualifying
holding.
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approval of the Croatian National Bank
for individual investments
Regulations:
The Banking Law:
Article 84
(1) Prior to concluding a legal arrangement on the basis of which a bank
acquires, gradually or at once, a participation in another financial
institution or another company to the amount exceeding 10 percent of the
bank's regulatory capital, the bank shall apply for a prior approval to
the Croatian National Bank.
(2) Prior to concluding a legal arrangement, which enables it to acquire a
majority participation or a majority of voting rights in another company,
the bank shall obtain a prior approval therefor from the Croatian National
Bank.
(3) A bank may neither be enrolled in the book of shares as a shareholder,
nor exercise the right to vote at the general meeting or at the meeting of
a company on the basis of a participation acquired contrary to paragraphs
1 and 2 of this Article, until it is granted an approval by the Croatian
National Bank.
(4) In the case referred to in paragraphs 1 and 2 of this Article, a share
acquirer is required to enclose the prior approval of the Croatian
National Bank with the application for the subscription of shares.
(5) A bank is obliged to apply to the Croatian National Bank for an
approval for the establishment of any juridical person.
(6) The enrollment of a juridical person referred to in paragraph 5 of
this Article in an appropriate register without the approval of the
Croatian National Bank shall be invalid.
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Article IV Consultation
assessment of bank risks
assessment of the special administration's results
assets
association of banks
Regulations:
The Banking Law:
Article 181
(1) Banks may join the association of banks established as a trade
association or some other association of economic subjects pursuant to a
special law.
(2) Apart from the tasks defined in its Statute, the association of banks
may:
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organize a deposit insurance scheme, guaranteeing for the amounts above
those defined by the Deposit Insurance Law;
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organize the exchange of information on creditworthiness for the purpose
of protection against credit risk;
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provide advanced training for bank employees and issue certificates on the
completed advanced training.
(3) Banks may not enter into any written or verbal agreements with other
banks or banking associations, which may restrict free market competition
in banking.
(4) For the purposes of implementing paragraph 3 of this Article, the
association of banks shall provide the Croatian National Bank with its
Statute, as well as with all agreements, understandings and other
arrangements.
(5) For the purposes of implementing paragraph 3 of this Article, the bank
shall provide the Croatian National Bank with all agreements,
understandings and other arrangements concluded with other banks.
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see:
bank merger
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auctions - foreign currency denominated CNB bills
auctions - kuna denominated CNB bills
