Look for:

Our capital markets competence in Croatia

Our capital markets competence in Croatia



Erste Bank Croatia is the third largest bank in Croatia in terms of assets. Erste Bank Croatia’s capital markets clients profit from tailor-made solutions based on its broad knowledge and extensive experience in the capital markets business.


Erste Group in Croatia

Erste & Steiermärkische Bank d.d. - also known as Erste Bank Croatia - is the third largest bank in Croatia in terms of assets. It was formed following the successful integration of Riječka Banka d.d. and the former Erste & Steiermärkische Bank d.d., Zagreb, which in turn emerged from the combination of three successful regional banks: Bjelovarska, Trgovačka and Čakovečka. Today Erste Bank Croatia has some 0.8 million customers and 122 branches. It has an excellent position in the Croatian capital market. Underlining its position as one of the leading banks on the stock exchange, in 2005 and 2006 Erste Bank Croatia was the leading bond trader according to turnover. Erste Bank Croatia was a joint lead arranger and underwriter of all three government bond issues in 2007 with a nearly 19% market share and in 2008 that market share was increased to 35%. In 2007 the Bank was domestic lead manager in the largest IPO in CEE: the privatisation of T-Croatian Telecom when USD 1bn were raised and 360.000 Croatian citizen participated . Furthermore Erste Bank Croatia arranged several issues of corporate bonds and commercial papers. Also, in the secondary market, Erste Securities Zagreb was the no. 1 broker per equity turnover in 2007, while in 2008 was by far the leading brokerage house having a 13,5% market share, while the first competitor had 7,8%.

Capital markets business in Croatia

Erste Bank Croatia offers a wide range of treasury and capital markets products to corporate and institutional clients. Furthermore the bank offers structured products and different hedging strategies. As a client oriented bank Erste Bank Croatia's services correspond to clients' needs. It has developed a strong business relationship with its clients and with a sound understanding of their operations. Erste Bank Croatia's institutional and corporate clients profit from tailor-made solutions based on its broad knowledge and extensive experience in the capital markets business.

Market insight Croatia

In recent years economic performance has been driven by robust domestic demand and solid tourist sector performance, that suffered significantly in 2009 and still in 2010. Expected lower capital inflows and high indebtedness levels do not support domestic demand recovery to pre-crisis levels, therefore growth rates in upcoming years are expected to remain well below pre-crisis levels. Croatia is in concluding phase of EU accession negotiations implying EU entry in 2013 or 2014 and providing some positive effect to the investments inflows and economy as whole. Exchange rate stability remains key priority to the central bank and while strong refinancing risks are suggesting some risks, large stock of FX reserves and subdued Current account deficit have stabilizing role.

Branimir Britvić

Head of Capital Markets


Erste&Steiermärkische Bank d.d.
Ivana Lučića 2
10000 Zagreb
Tel.: +385 (0)72 37 1050
bbritvic@erstebank.com




Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR CORPORATE AND INSTITUTIONAL CLIENTS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited.

The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.
(iV) It is no consumer.