The Croatian Postal Bank Inc. was founded in October, 1991 as a universal banking organisation. It is authorised to conduct all banking/business operations both domestically and abroad. The founding company and the bank’s majority shareholder until 2001 was the Croatian Post and Telecom (HPT), when the newly founded Croatian Post took over. By applying the best practices of other European postal banks, the bank has continued the tradition of Croatian postal savings associations, which have existed in Croatia since 1883.
The Croatian Postal Bank is the largest Croatian-owned bank. It is also the seventh largest bank in Croatia, its assets totalling 14,5 billion Kuna.
The bank's business strategy focuses on intense development of its retail network and new distribution channels. The aim of the bank’s strategy is to improve the bank's position in investment banking and small and medium size enterprise segment, to develop its product range and personal banking services for the general public, and to work on its image as a modern, business-oriented, highly efficient and the most easily accessible bank in Croatia.
In accordance with the law, the Croatian Postal Bank provides all business and financial services:
Business Cooperation with Municipal and County Authorities
The bank has been commissioned and given a mandate to conduct operations in cooperation with municipal and county authorities, the joint purpose being to finance and facilitate the development of agriculture and small and medium size enterprises with respect to over 1350 economic/business entities. In a similar manner, HPB is also involved in the implementation of the RAZUM (REASON) Project – a project which provides technical and financial support to knowledge based businesses through the Croatian Business Innovation Centre (BICRO). HPB also provides loans and finances the preparation of the tourist season, as well as government-subsidised procurement of wheat, corn and other strategic agricultural products.