Awards for Excellence 2008: Croatia
Privredna Banka Zagreb continues to be the leader of the banking pack in Croatia thanks to its popular combination of core banking services allied with specialist leasing, real estate and fund management capabilities. Its 230-strong branch network and extensive electronic distribution channels give it the leading position in the credit and debit card market and more than 77.5% of total transactions were carried out electronically.
Despite challenging market conditions in the second half of 2007, net income rose 10%, and return on equity was a creditable 15%. The bank is the market leader on the Croatian syndicated loan market and a major player in the asset management field, with a broad range of money market, equity and bond funds.