Primorska banka d.d.

Established in 2001, Primorska banka was a universal bank, offering a wide range of retail and business banking products and services. On 21 May 2018, the general assembly of Primorska banka adopted the Decision of entering into voluntary liquidation process and termination of business of Primorska banka as of 21 June 21 2018.

Bank Category

Commercial banks

Financials

Total Assets (2017)
567.74 mln HRK  (-12.51%)
Annual Profit (2017)
-9 059 000.00 HRK

Primorska banka d.d. was the 27th largest bank in Croatia in terms of total assets. In 2017 its total assets were 567,74 mln HRK, providing the bank with the market share of 0.14%. In 2017 the bank's annual profit was -9,06 mln HRK.

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

Contacts

Scarpina 7, 51000, Rijeka, Croatia
+385 51 355-777
+385 51 332-762

Primorska banka d.d. was headquartered in Rijeka.

Bank Identifiers

BIC (SWIFT)
SPRMHR22
MFI ID
HR96675880337
Bank Sort Code
4132003
Close Date
June 2018

Financial Positions

Total Assets (2017)
567.74 mln HRK  (-12.51%)
Total Equity (2017)
68.85 mln HRK  (-14.75%)

In 2017 total assets of Primorska banka d.d. were 567.74 mln HRK. Decline compared to the previous period (2016) was -12.51%. The evolution of the total assets of Primorska banka d.d. is shown at Chart 1 below.

Total Assets of Primorska banka d.d..

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

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

2016 2017 % change
Cash and deposits with Central Banks 3.6 3.1 -13.62%
Loans 190.3 86.5 -54.55%
Total Assets 649.0 567.7 -12.51%
Table 1. Recent changes in total assets of Primorska banka d.d. (mln HRK).

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

2016 2017 % change
Deposits 505.5 435.3 -13.88%
Total Liabilities 649.0 567.7 -12.51%
Table 2. Recent changes in total liabilities of Primorska banka d.d. (mln HRK).

Profit and Loss

Annual Profit (2017)
-9 059 000.00 HRK

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

2016 2017 % change
Interest Income 23.6 13.1 -44.29%
Interest Charges -10.9 -10.5 -3.27%
Net Interest Income 12.7 2.6 -79.46%
Commission Income 12.3 7.9 -36.35%
Commission Charges -1.4 -2.0 +38.77%
Net Commission Income 10.9 5.9 -46.06%
Table 3. Recent changes in gross profit of Primorska banka d.d. (mln HRK).

In 2017 annual profit of Primorska banka d.d. was -9 059 000.00 HRK. Decline compared to the previous period (2016) was -171.35%. The evolution of the annual profit of Primorska banka d.d. is shown at Chart 2 below.

Annual Profit of Primorska banka d.d..

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

Market Share and Rank (among banks in Croatia)

Total Assets (2017)
27th (market share 0.14%)

In 2017 Primorska banka d.d. was ranked the 27th largest bank in Croatia in terms of total assets, having 0.14% of the domestic market share.

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

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

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

RankNameTotal AssetsMarket Share
26 Veneto banka d.d. (closed)1142.19 mln HRK0.29%
27 Primorska banka d.d. (closed)567.74 mln HRK0.14%
28 Samoborska banka d.d.469.41 mln HRK0.12%
 

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 Primorska 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 Primorska banka d.d. and its components are shown in the table below.

BIC  SPRMHR22
Bank BIC Code  SPRM
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 Primorska banka d.d. is shown in the table below.

MFI ID  HR96675880337

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  4132003