Nava banka d.d.

On 17 July 2014 Croatian National Bank adopted a decision on the unavailability of deposits in Nava banka. State Agency for Deposit Insurance Insurance and Bank Rehabilitation of Croatia shall within a maximum of 30 working days of this decision prepare the payment of compensation for insured deposits and publish a call for compensation payment on its website.

Bank Category

Commercial banks

Financials

Total Assets (2013)
301.58 mln HRK  (+8.75%)
Annual Profit (2013)
-12 383 000.00 HRK  (-18.16%)

Nava banka d.d. was the 33rd largest bank in Croatia in terms of total assets. In 2013 its total assets were 301,58 mln HRK, providing the bank with the market share of 0.07%. In 2013 the bank's annual profit was -12,38 mln HRK.

Nava banka d.d. participates in deposit guarantee scheme of Croatia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Tratinska 27, 10000, Zagreb, Croatia
+385 1 3656-777
+385 1 3656-700

Nava banka d.d. was headquartered in Zagreb.

Bank Identifiers

BIC (SWIFT)
NAVBHR22
MFI ID
HR07492912398
Bank Sort Code
2495009
Close Date
July 2014

Financial Positions

Total Assets (2013)
301.58 mln HRK  (+8.75%)
Total Equity (2013)
22.10 mln HRK  (+61.86%)

In 2013 total assets of Nava banka d.d. were 301.58 mln HRK. Growth compared to the previous period (2012) was 8.75%. The evolution of the total assets of Nava banka d.d. is shown at Chart 1 below.

Total Assets of Nava banka d.d..

Chart 1. Total Assets of Nava banka d.d..

Recent changes in total assets of Nava banka d.d. and its main components are shown in Table 1.

2012 2013 % change
Cash and deposits with Central Banks 30.5 39.8 +30.78%
Loans to other clients 192.8 182.2 -5.48%
Loans to financial institutions 0.0 0.7
Total Assets 277.3 301.6 +8.75%
Table 1. Recent changes in total assets of Nava banka d.d. (mln HRK).

Recent changes in total liabilities of Nava banka d.d. and its main components are shown in Table 2.

2012 2013 % change
Deposits 213.1 242.2 +13.65%
Total Liabilities 277.3 301.6 +8.75%
Table 2. Recent changes in total liabilities of Nava banka d.d. (mln HRK).

Profit and Loss

Annual Profit (2013)
-12 383 000.00 HRK  (-18.16%)

Recent changes in gross profit of Nava banka d.d. and its main components are shown in Table 3.

2012 2013 % change
Interest Income 14.7 12.4 -15.69%
Interest Charges -11.4 -10.1 -11.29%
Net Interest Income 3.3 2.3 -30.88%
Commission Income 1.7 1.5 -10.06%
Commission Charges -0.8 -0.8 +6.54%
Net Commission Income 0.9 0.7 -23.98%
Table 3. Recent changes in gross profit of Nava banka d.d. (mln HRK).

In 2013 annual profit of Nava banka d.d. was -12 383 000.00 HRK. Decline compared to the previous period (2012) was -18.16%. The evolution of the annual profit of Nava banka d.d. is shown at Chart 2 below.

Annual Profit of Nava banka d.d..

Chart 2. Annual Profit of Nava banka d.d..

Market Share and Rank (among banks in Croatia)

Total Assets (2013)
33rd (market share 0.07%)

In 2013 Nava banka d.d. was ranked the 33rd largest bank in Croatia in terms of total assets, having 0.07% of the domestic market share.

Market share of Nava banka d.d. (among banks in Croatia)

Chart 3. Market share of Nava banka d.d. (among banks in Croatia)

Several banks having the market shares and ranks closest to Nava banka d.d. are shown below.

RankNameTotal AssetsMarket Share
29 HPB - Stambena štedionica d.d.306.76 mln HRK0.09%
33 Nava banka d.d. (closed)301.58 mln HRK0.07%
27 Primorska banka d.d. (closed)257.51 mln HRK0.14%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Croatia are obliged to participate in Croatian deposit guarantee scheme.

In the case of Nava banka d.d. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small entrepreneurs and non-profit organisations
Covered Accounts  all deposits
Maximum Protected Amount  100 000 EUR
Paid In Currency  HRK

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Nava banka d.d. and its components are shown in the table below.

BIC  NAVBHR22
Bank BIC Code  NAVB
Country Code  HR (Croatia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Nava banka d.d. is shown in the table below.

MFI ID  HR07492912398

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  2495009