CNB Council: Approval granted for the management boards of three banks

Published: 12/11/2014

At its session today, the Council of the Croatian National Bank examined the latest economic and monetary indicators, as well as the semi-annual information on the financial condition, price stability and monetary policy, which is to be submitted to the Croatian Parliament.

OTP banka Hrvatska d.d., Zadar was granted approval to acquire Banco Popolare Croatia, d.d., Zagreb. As OTP banka had already owned 100 percent of Banco Popolare, this acquisition will not lead to an ownership change, its aim being to achieve the best possible business results through the streamlining of costs and operational synergy.

The CNB Council approved the decisions of three banks' supervisory boards regarding their management board members: in KentBank d.d., Zagreb, the mandate of Member of the Management Board Mićo Tomičić was extended; Petar Repušić was appointed Chairman and Marina Puljiz Member of the Management Board in Partner banka d.d., Zagreb, Ivica Božan was appointed Chairman of the Management Board in Vaba banka d.d., Varaždin.

Also at this meeting, it was also approved that the coin issue plan for the next year - in addition to the regular issue of a numismatic set of circulation kuna and lipa coins of the Republic of Croatia, with the year of minting 2015 - also include a commemorative 20 kuna gold coin and a commemorative 200 kuna silver coin. These coin issues are to mark the 200th anniversary of the birth of Bishop Josip Juraj Strossmayer, an initiator and patron of numerous cultural, historical and scientific projects significant for recent Croatian history.