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.
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.
Štedbanka d.d. was headquartered in Zagreb.
|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.
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.
|Cash and deposits with Central Banks||3.6||3.5||-2.16%|
|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.
|Total Liabilities||1 038.8||891.1||-14.22%|
|Table 2. Recent changes in total liabilities of Štedbanka d.d. (mln HRK).|
|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.
|Net Interest Income||33.5||36.7||+9.64%|
|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.
Chart 2. Annual Profit of Štedbanka 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 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|
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.
|Bank BIC Code||STED|
|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 Štedbanka 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||2483005|