OTP Croatia to buy Splitska Banka

OTP Bank Croatia, the Croatian subsidiary of Hungary's OTP Bank, has signed a contract on the acquisition of a 100% stake in Splitska Banka, a member of the Societe Generale group, OTP Bank said on Wednesday.

PBZ sells its stakes in Intesa Sanpaolo Card, VUB Asset Management

Privredna Banka Zagreb (PBZ) has reported that earlier this week it completed the sale of its stakes in Intesa Sanpaolo Card and VUB Asset Management, the value of the transactions exceeding EUR 36 million.

Croatia hasn't received Slovenia's LB lawsuit

On Thursday, Slovenian Justice Minister Goran Klemencic said his country had sued Croatia at the court in Strasbourg for breaching the right of the former LB in Zagreb to collect its claims from Croatian companies.

Ljubljanska Banka pays EUR 54 mln to its former Croatian clients so far

The government's office in charge of succession issues has so far issued 4,200 informative calculations for former Ljubljanska Banka clients in Zagreb to which those clients did not have objections.

Bundesbank chief: EU should not give Italy leader any special favours

European Union rules on budget discipline and bank bailouts should not be bent to accommodate Italian Prime Minister Matteo Renzi's political needs, the president of the German central bank, or Bundesbank, said in an interview Thursday.

Italian, Austrian, Irish banks fare worst in EU stress tests

Italy's Monte dei Paschi bank, Austrian bank Raiffeisen, Spain's Banco Popular and two Irish banks have fared worst in EU-wide stress tests, the European Banking Authority said Friday.

Addiko upgrades Croatia's GDP projeciton to 2% in 2016

Addiko Bank has recently upgraded its FY16 GDP growth forecast for Croatia by 1.0pp to 2.0%, according to an analysis the bank issued on Friday.

Slovenia refutes Draghi's accusations

Slovenia's law enforcement authorities on Thursday contested claims made by European Central Bank (ECB) governor Mario Draghi on the Slovenian police having encroached on the internal system of the Slovenian central bank.

ECB governor protests over Slovenian police operation

European Central Bank (ECB) governor Mario Draghi has officially protested over a Slovenian police investigation in the offices of the Slovenian central bank, which is part of the Eurosystem, a system of central banks of the euro area, noting that confidential ECB information was seized during the investigation.

Bank deposits increase to HRK 250 billion

Total bank deposits in Croatia at the end of March this year amounted to HRK 250.3 billion, 8 billion or 3.3% more than in March 2015, according to the latest figures from the Croatian National Bank (HNB).

HAAB says GDP to grow 1% this year

Hypo Alpe Adria Bank (HAAB) has projected this year's GDP growth rate at 1% and expects the growth rate in 2017 to be 1.5%.

ZABA to offset 2015 loss by retained profit in 2012

The  Zagrebacka Banka (ZABA) general assembly, which is scheduled for 28 April, is expected to decide to cover the loss of 519.1 million kuna by the retained profit in 2012.

HNB Council: Favourable economic trends continue

The Croatian National Bank (HNB) Council said on Wednesday that favourable economic trends continued at the end of 2015 after economic activity strongly intensified in the third quarter of that year.

Gov't, IMF officials hold meeting

Finance Minister Zdravko Maric said before the meeting with the IMF delegation that the appointment of the new government had coincided with a change at the helm of the IMF Mission in Croatia and that its new head Khaled Sakr had come to introduce himself.