AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Privredna banka Zagreb

Privredna banka Zagreb
Company namePrivredna banka Zagreb d.d.
Company typePublic (ZSE: PBZ-R-A)
Founded1966 (founded as state-owned; fully privatised in 1999)
HeadquartersZagreb, Croatia
Key peopleBožo Prka (CEO)
Marko Škreb (Chief Economist)
ProductsFinancial services
Net incomeHRK 1.1 billion (2008) (+) 18% from 2007
Total assetsHRK 71 billion (2008) (+) from HRK 67.5 billion in 2007
ParentIntesa Sanpaolo

     Home | Company | Privredna banka Zagreb

Privredna banka Zagreb or PBZ is the second largest bank in Croatia (after Zagrebačka banka), owned by Intesa Sanpaolo group of Italy. It is listed on the Zagreb Stock Exchange and is one of 24 companies included in the CROBEX share index.

PBZ was established in 1966 on the basis and the banking tradition of The First Croatian Savings Bank, itself established in 1846 in Zagreb by the members of the Farming Association of Croatia and Slavonia. It began its transformation into a publicly traded company in the 1990s, and it was privatised in December 1999 when Banca Commerciale Italiana (BCI) acquired a 66.3 percent stake in it, with the Government of Croatia reducing its stake to 25 percent. In 2000 BCI was merged into Banca Intesa and in January 2007 Banca Intesa merged again with Sanpaolo IMI to form the Intesa Sanpaolo group, which currently includes PBZ.

Many notable Croatian economists worked at PBZ, including the current Governor of the Croatian National Bank (HNB) Željko Rohatinski (worked as bank's Chief Economist 1998 2000) and the former HNB Governor Marko Škreb (appointed PBZ Chief Economist in September 2007). Božo Prka, the bank's CEO since 1998, served as Finance Minister 1995 1997 under Prime Minister Zlatko Mateša. Current Finance Minister Martina Dalić worked as Chief Economist 2000-2004.

PBZ received numerous awards in recognition of its powerhouse status in Croatia and the region by industry journals such as Euromoney magazine, Global Finance magazine and The Banker, and is also a three-time winner of the Croatian Chamber of Commerce "Golden Kuna" Award for Best Bank (2003, 2004 and 2009). Since 2006, Privredna banka Zagreb sponsors the annual PBZ Zagreb Indoors tennis tournament which is part of the ATP 250 series.

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260