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.
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.
Nava banka d.d. was headquartered in Zagreb.
|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.
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.
|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|
|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.
|Table 2. Recent changes in total liabilities of Nava banka d.d. (mln HRK).|
|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.
|Net Interest Income||3.3||2.3||-30.88%|
|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.
Chart 2. Annual Profit of Nava banka d.d..
|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|
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.
|Bank BIC Code||NAVB|
|Country Code||HR (Croatia)|
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.
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|