Hrvatska poštanska banka

Hrvatska poštanska banka d.d. (lit. "Croatian Post's Bank") or HPB is the largest Croatian-owned bank in the country and ranks 5th in Croatia in terms of total assets, worth around EUR 7.046.053 thousand.^[4]

TypePublic

Traded as

ZSE: HPB

ISINHRHPB0RA0002

IndustryBanking, Financial services

Quick facts Type, Traded as ...

Hrvatska poštanska banka PLC

HPB headquarters, near Ban Jelačić Square, Zagreb
Type	Public
Traded as	ZSE: HPB
ISIN	HRHPB0RA0002
Industry	Banking, Financial services
Founded	October 1991; 34 years ago (1991-10)
Founder	Croatian Post
Headquarters	4 Jurišićeva Street, Zagreb , Croatia
Number of locations	68 branch offices & approximately 700 automated teller machines (March 2024)[1]
Key people	Marko Badurina (President of the Management Board)
Products	Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards
Net income	€80.618 million[2] (2023)
Total assets	€7.046 billion[2] (2023)
Number of employees	1752 (as of 31 Dec 2023)[3]
Subsidiaries	HPB Invest d.o.o. HPB-Nekretnine d.o.o.
Website	www.hpb.hr/en/about-us/110

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The bank was founded in October 1991 by Hrvatska pošta, the Croatian national postal service, which was the bank's majority shareholder until 2001.^[5] Since 2001, the Government of Croatia is the majority owner of the bank, via stakes acquired by the state-owned fund Hrvatski fond za privatizaciju and the national pension fund Hrvatski zavod za mirovinsko osiguranje. HPB is listed on the Zagreb Stock Exchange.

In November 2019, the International Banker awarded Hrvatska poštanska banka as the best commercial bank of the year in Croatia.^[6] In March 2020, HPB decided to retain 2019 net profit, accepting a resolution of the Croatia's central bank.^[7]

Hrvatska poštanska banka has been designated in 2020 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.^[8]

In September 2021, the supervisory board of HPB appointed Marko Badurina as President of the HPB Management Board, and Anto Mihaljević and Ivan Soldo as Members of the management board. The CNB Council approved the propositions.^[9]

In March 2022, the EU unit of Sberbank went into insolvency (due to the EU sanctions in reaction to the 2022 Russian invasion of Ukraine and the Single Resolution Board decided to transfer all shares of the Sberbank's Croatian subsidiary to HPB. On the 2nd of March, HPB officially bought the local unit of Sberbank for 71 million kuna (€9.4 million euro).^[10]