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BANKS EEA

Acquiring a bank

Acquiring a bank is complicated transaction. It involves all the processes of acquisition including receiving financial regulatory approvals.
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  • CROATIA

    Inhabitants - 4,483,804 (July 2011)

    Language - Croatian (official) 96.1%, Serbian 1%, other and undesignated (including Italian, Hungarian, Czech, Slovak, and German) 2.9%

    Currency - Croatian Kuna (HRK), floating, exchange rate ~ EUR 0,133

    Religion - Roman Catholic 87.8%, Orthodox 4.4%, other Christian 0.4%, Muslim 1.3%, other and unspecified 0.9%, none 5.2%

    Politics - The politics of Croatia are defined by the framework of a parliamentary, representative and democratic republic in which the Prime Minister of Croatia is the head of government, in a multi-party system. Executive power is exercised by the government and the President of Croatia. Legislative power is vested in the Croatian Parliament (Croatian: Sabor).

  • Major industries - chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminium, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages, tourism

    Banks (2010) - 32 banks; 1,282 branches; 21,960 employees; assets – EUR 53,03 billion; loans – EUR 36,94 billion; deposits – EUR 36,45 billion

    Banking regulations –  The main supervisory objectives of the Croatian National Bank are to maintain confidence in the Croatian banking system and to promote and safeguard its safety and stability. The Croatian National Bank exercises supervision of credit institutions via: (I) collecting and analysing reports and information, (II) ongoing monitoring of the operations of credit institutions, (III) carrying out on-site examinations of credit institution operations imposing supervisory measureswhen necessary. The initial capital of a bank may not be less than HRK 40 million (~ EUR 5 million)