Authorisation of the general operating conditions of a housing savings bank

Published: 31/1/2015
Housing savings banks may not adopt or change the general operating conditions without a prior approval from the Croatian National Bank. Described below in the text are the contents of the application for authorisation of the general operating conditions.

General operating conditions of a housing savings bank

In view of the specific nature of housing savings banks as credit institutions which engage exclusively in collecting special purpose housing savings and granting housing loans with a financial support from the government, Article 11 of the the Act on Housing Savings prescribes in detail the contents of the general operating conditions of housing savings banks, authorised by the Croatian National Bank.

Application for authorisation of the general operating conditions of a housing savings bank
The application for authorisation of the general operating conditions of a housing savings bank is to be submitted on the form Application for authorisation of the general operating conditions of a housing savings bank, together with the following documents and information:

  1. the general operating conditions of a housing savings banks and amendments thereto; 
  2. the explanation of the reasons for amendments to the general operating conditions; and
  3. other information listed in the application form.

Deciding on the application 

The Croatian National Bank may request from a housing savings bank to submit other documents and information which may be required for decision-taking. The date on which a valid application is submitted is considered the date of receipt of the last document requested by the Croatian National Bank.

In deciding on the application for authorisation of the general operating conditions of a housing savings bank, the Croatian National Bank checks their compliance with regulations governing the operation of credit institutions and obtains an opinion of the Consumer Protection Monitoring Office.

The Croatian National Bank is obligated to decide on the application for authorisation of the general operating conditions of a housing savings bank within 60 days from the date of receipt of a valid application.