Credo banka d.d. Split was founded in December of 1993, as a fully private bank. Since the incorporation, the number of private shareholders has been constantly growing, after twelve years of the Bank's existence, as of 31 December, 2005, to have reached the number of 47.
The Bank's registered seat is in its own building in the Poljud II Business Centre, at Zrinjsko-Frankopanska 58, Split.
In its initial years, the Bank focused mostly to providing all banking services in the field of domestic financial transactions and providing banking guarantees and loans in the country to legal entities, in particular self-employed persons, small and medium businesses. The Bank’s initial over-the-counter operations were focused to collecting of kuna and foreign-currency savings from individuals, maintaining gyro-accounts and currency exchange. However, very soon, in its business policies the Bank entered this banking sector as well, increasing the scope of its services required by individual customers: from maintaining current accounts and granting earmarked and other short- and long-term loans to issuing its own MBCard/Maestro debit card to legal entities and individuals and running its own ATMs and EFTPOS terminals.
Since 19 April, 2005, the Bank has been issuing its own Maestro CHIP card for individuals, to have taken the second place among the domestic banks that started migration to chip cards. Issuing of chip cards makes a large step forward in the card operations technology, both with regard to card operations safety against possible frauds and misuse, and with regard to multifunctionality of the card use. Aimed to providing its clients the best and most favourable service possible, the Bank enabled the Maestro Chip card holders collecting of cash from over 670 ATMs all over Croatia, commission free.
Today, the Bank has four branches: in Sinj, Rijeka, Zagreb and Slavonski Brod, and nine sub-offices, two of them in Split (Poljud Sub-office, in its own building, and Klara Sub-office in the wider centre of Split), sub-offices within its above mentioned branches, and further sub-offices in Matulji, Novalja and Trogir. The next year the Bank plans expanding its business to the south of Croatia as well, by opening a branch office in this agricultural and tourist region.
The Bank’s branches and sub-offices render all banking services rendered by its head office, each of them independently, as separate centres of profit.
At the end of the reported year, the bank employed 96 employees.
The Bank successfully joined all new technologies of performing payment transactions in the country (HSVP, NKS, model III payment transactions), and has been constantly improving its products to customers, both corporate and individual, in the fields of both existing banking services and introduction of new ones (participation in all HBOR loan programmes, county programmes of granting loans to small and medium businesses, granting favourable earmarked and other loans to individuals, issuing it own debit card, issuing of business card, rendering ATM and EFTPOS services, payments by permanent orders, SMS banking, Internet banking).
All the above mentioned services contributed to the Bank's further growth, both in terms of territory and numbers of customers as well as numbers of transactions, which, naturally, has effected all the Bank's balance items and achieving satisfactory profits.