banks

Agrokor's creditors say standstill agreement to go into force today

A standstill agreement regarding the Agrokor concern's existing financial obligations to banks will take effect on Friday, additional capital will be injected into the concern in the coming days and the concern will be actively restructured, which includes a change of its management, it was said on Friday after a meeting between Agrokor's suppliers and creditor banks.

Croatian banks' exposure to Agrokor slashed by HRK 3.5 bln

The exposure of Croatia's banking system to the ailing Agrokor concern has been reduced by some 3.5 billion kuna (approximately EUR 466 million) in the past two and a half years, bankers stated on Friday.

FinMin thinks deal with banks on loan conversion lawsuits possible

Finance Minister Zdravko Maric said on Monday he thought it was still possible, through talks and an agreement with banks, to avoid "unnecessary court, arbitration and other costs" because of lawsuits which banks have announced against Croatia over the conversion of Swiss franc loans.

Bank deposits reach HRK 255b

Bank deposits at the end of June 2016 totalled HRK 255.4 billion, up 1.4% on the month, according to Croatian National Bank figures, Raiffeisenbank Austria said on Friday.

Household deleveraging continues for 11 months in row

The volume of retail banking decreased in May when the volume of lending to households fell to HRK 118.1 billion, down by 10.2 billion kuna or by 8% compared to May 2014, according to figures provided by the National Bank (HNB).

HNB releases HRK 146.5 mln at 2nd structural repo auction

The total amount of offers submitted for this second auction amounted to HRK 146.5 million which means that the HNB has accepted all the bids submitted.

FinMin Maric announces talks with banks, his predecessor slams idea

Finance Minister Zdravko Maric has announced the resumption of negotiations with executives of commercial banks operating in Croatia with regard to the conversion of the Swiss franc-pegged loans into the euro-denominated lending, ...

Croatia hires 4 investment banks for euro bond

Croatia has hired Citigroup, HSBC, Societe Generale and UniCredit to lead manage a euro bond, Reuters reported on Monday citing its sources.

Lending in Feb down EUR 2.1b year on year

According to the Croatian National Bank, lending at the end of February 2016 totalled HRK 270.1 billion, a decrease of HRK 16 billion on the year (-5.6%) due to household and corporate deleveraging and a decrease of the government's credit debt.

Panama Papers revelations continue to simmer

The law firm at the centre of a massive data leak, detailing how money was funnelled to shell companies in tax havens, politicians and banks implicated in the revelations battled Tuesday to stave off the ramifications.

Visiting Greek governor: Financial sector faced with many challenges

"Despite the progress made in the past few years, with Banking Union as the flagship of the reform effort, more progress is needed as Economic and Monetary Union (EMU) remains incomplete.

Association: If state loses arbitration case to banks, it should tax their assets

The Jutarnji List daily said on Wednesday that Intesa Bank and Unicredit, and probably Erste Bank and Raiffeisen Bank, had reported Croatia to the International Court for Settlement of Investment Disputes (ICSID) in Washington for violation of their legal personality and profit loss.

HDZ MP accuses central bank of destroying small banks

During a parliamentary discussion on the HNB report for the first half of 2015, Maric said that any negative mention of the HNB's performance was seen as if it contained "elements of a coup".

Most banks continue to apply fixed CHF-HRK exchange rate

The first to decide to continue to apply the fixed exchange rate by the end of this March was Raiffeisenbank Austria in December. Hypo bank extended the deadline too, until April 1.  

Croatian banks see reduced space for financing state

"Each bank runs its own crediting policy and the banks will make sure that further financing of the state remains possible, but there is no much space for the exposure level to rise," 

FinMin happy about ruling, says banks to be punished

"I said previously that banks were speculating and waiting for the elections...  Their speculation has proven futile and they have caused even bigger problems for themselves now.