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Knett: long-term bull on Croatia |
In early July, Ibrahim Dedic, the founder of Croatia’s Promdei Bank, was shot to death outside his home. Originally from Bosnia, Dedic started his financial career trading foreign exchange on the streets. He then built up Promdei Bank and opened affiliates in Belgrade and Sarajevo. In Zagreb, he managed to acquire capital of Dm100 million ($55 million).
Dedic was notorious for his forceful approach to banking. “He showed very strong behaviour towards his clients,” says an analyst.
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