Štedbanka d.d.

On 27 December 2017 Štedbanka d.d. held an general meeting and adopted a decision to liquidate the company and initiate a regular liquidation procedure.

Bank Category

Commercial banks

Financials

Total Assets (2016)
891.10 mln HRK  (-14.22%)
Annual Profit (2016)
7.72 mln HRK  (+0.78%)

Štedbanka d.d. was the 27th largest bank in Croatia in terms of total assets. In 2016 its total assets were 891,10 mln HRK, providing the bank with the market share of 0.22%. In 2016 the bank's annual profit was 7,72 mln HRK.

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

Contacts

Slavonska avenija 3, 10000, Zagreb, Croatia
+385 1 6306-620
+385 1 6187-015

Štedbanka d.d. was headquartered in Zagreb.

Bank Identifiers

BIC (SWIFT)
STEDHR22
MFI ID
HR58063088591
Bank Sort Code
2483005
Close Date
December 2017

Financial Positions

Total Assets (2016)
891.10 mln HRK  (-14.22%)
Total Equity (2016)
348.85 mln HRK  (+3.02%)

In 2016 total assets of Štedbanka d.d. were 891.10 mln HRK. Decline compared to the previous period (2015) was -14.22%. The evolution of the total assets of Štedbanka d.d. is shown at Chart 1 below.

Total Assets of Štedbanka d.d..

Chart 1. Total Assets of Štedbanka d.d..

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

2015 2016 % change
Cash and deposits with Central Banks 3.6 3.5 -2.16%
Loans 525.6 394.5 -24.94%
Total Assets 1 038.8 891.1 -14.22%
Table 1. Recent changes in total assets of Štedbanka d.d. (mln HRK).

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

2015 2016 % change
Deposits 529.0 390.0 -26.27%
Total Liabilities 1 038.8 891.1 -14.22%
Table 2. Recent changes in total liabilities of Štedbanka d.d. (mln HRK).

Profit and Loss

Annual Profit (2016)
7.72 mln HRK  (+0.78%)

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

2015 2016 % change
Interest Income 55.6 53.1 -4.48%
Interest Charges -22.1 -16.4 -25.83%
Net Interest Income 33.5 36.7 +9.64%
Commission Income 5.1 5.0 -2.42%
Commission Charges -1.2 -1.2 +4.28%
Net Commission Income 3.9 3.7 -4.47%
Table 3. Recent changes in gross profit of Štedbanka d.d. (mln HRK).

In 2016 annual profit of Štedbanka d.d. was 7.72 mln HRK. Growth compared to the previous period (2015) was 0.78%. The evolution of the annual profit of Štedbanka d.d. is shown at Chart 2 below.

Annual Profit of Štedbanka d.d..

Chart 2. Annual Profit of Štedbanka d.d..

Market Share and Rank (among banks in Croatia)

Total Assets (2016)
27th (market share 0.22%)

In 2016 Štedbanka d.d. was ranked the 27th largest bank in Croatia in terms of total assets, having 0.22% of the domestic market share.

Market share of Štedbanka d.d. (among banks in Croatia)

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

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

RankNameTotal AssetsMarket Share
25 Banka Kovanica d.d.1200.71 mln HRK0.29%
27 Štedbanka d.d. (closed)891.10 mln HRK0.22%
27 Primorska banka d.d. (closed)648.95 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 Štedbanka 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 Štedbanka d.d. and its components are shown in the table below.

BIC  STEDHR22
Bank BIC Code  STED
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 Štedbanka d.d. is shown in the table below.

MFI ID  HR58063088591

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  2483005