August 17, 2017 7:13 AM ET

Banks

Company Overview of Jadranska banka d.d.

Company Overview

Jadranska banka d.d. engages in the provision of various banking products and services in Croatia. The company’s deposit products include current accounts, Giro accounts, Kuna saving accounts, and foreign currency saving accounts. Its loan portfolio comprises non purpose cash loans, Lombard loans, housing loans, new/used motor vehicle loans, short term and long term financing, and guarantees/letters of credit. In addition, the company provides electronic banking and foreign currency exchange services, and debit cards. It operates through 19 branch offices. Jadranska banka d.d. was founded in 1957 and is headquartered in Šibenik, Croatia.

Ante Starcevica 4

Šibenik,  22000

Croatia

Founded in 1957

Phone:

385 2 22 42 242

Fax:

385 2 23 31 798

Key Executives for Jadranska banka d.d.

Director of the Accounting Department and Payment System
Age: 48
Chairman of the Management Board
Member of the Management Board
Compensation as of Fiscal Year 2017.

Jadranska banka d.d. Key Developments

Five Companies Reportedly Show Interest In Jadranska

five potential buyers have reportedly responded to the tender invitation for the sale of 100% of Jadranska Banka d.d. Tender has been called by the State Agency for Rehabilitation of Banks (DAB). However, their names are unknown at this stage. Tender bidding expired on March 8, 2017. As part of the bank's rehabilitation, debts of over HRK 740 million have been covered and new capital of HRK 50 million secured. The DAB is expecting to attract a minimum of HRK 100 million from the sale.

Croatia's DAB Invites EOI For Jadranska banka

Croatia's State Agency for Deposit Insurance and Bank Resolution (DAB) has invited expressions of interest for the purchase of Jadranska banka d.d. DAB will sell 4.74 million shares of Jadranska banka representing 100% stake. Interested investors must comply with all the legally prescribed requirements effective in the Republic of Croatia and the European Union. The Preferred potential investors are strategic investors, i.e. the credit institutions registered in the Republic of Croatia or the European Economic Area of adequate rating, sufficient size and capacity for the take-over or merger of the Bank under Resolution. The deadline for submission of the Letter of Intent for the Acquisition of Jadranska banka under Resolution is until (and including) March 8, 2017.

Jadranska Banka To Start Sale Process

Jadranska banka d.d.has reported that it has completed its rehabilitation process, and that it will be offered for sale soon. The bank said that its losses are higher in comparison with its capital and reserves, while all of its deposits and obligations will be transformed into new capital.

Similar Private Companies By Industry

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Jadranska banka d.d. Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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