HPB has announced finalization of take-over of Jadranska Bank and showed condolidated 2018 results.
Consolidation of Croatian banking sector is underway and HPB has held press conference to annnounce that it has finalized takeover of Jadranska Bank. HPB is Croatian 6th largest bank by assets and conoslidated results of the group for 2018 show that it had EUR 3.1b of assets which grew 15.1% in 2018. By acquisition the HPB has increased its presence in the area of Central Dalmatia where it was originally not that strong and it has in total acquired 40 ths new clients.
The read on our oveview of Croatian Banking sector in 2018 see link.