CNB Council: Alternative upravljanje to acquire majority stake in Vaba banka

Published: 12/12/2012

At its session today, the Croatian National Bank Council examined recent monetary and economic developments, as well as the quarterly report on the banking system condition. The Council also adopted the monetary policy projection and the financial plan of the Croatian National Bank for 2013, and several decisions falling within its competence.

The CNB Council endorsed the decisions of the supervisory boards of several banks on appointments to their management boards: Ante Blažević was reappointed as Chairman of the Management Board of Banka splitsko-dalmatinska d.d., Split, while Petar Radaković was reappointed as Chairman of the Management Board of Erste & Steiermärkische Bank d.d., Rijeka. Ivo Šinko will remain Chairman, while Marija Trlaja and Mirko Goreta will remain Members of the Management Board of Jadranska banka d.d., Šibenik. The approval was also granted to PBZ stambena štedionica d.d., Zagreb, for the reappointment of Mirko Brozović as the Chairman and Branimir Čosić as a Member of that savings bank's Management Board. Dubravko-Ante Mlikotić was appointed as a Member of the Management Board of Volksbank d.d., Zagreb.
Today, the Council also approved the acquisition of over 50% of the initial capital of Vaba d.d. banka Varaždin by the company Alternative upravljanje.