The General Assembly of Hrvatska poštanska banka (HPB) made decisions at today’s meeting that were proposed to it, including a decision on covering losses from the previous year as well as a decision not to grant discharge to former president and member of the Management Board Josip Protega and Ivan Sladonja, who were at the helm of HPB from January 1 to September 10 of last year.
At the General Assembly, decisions were made according to the proposals published with the invitation to the assembly, HPB briefly reported in a notice published on the Zagreb Stock Exchange. Accordingly, the assembly also made a decision to cover the loss of 448.8 million kuna from last year and the decision that the Management Board of HPB from January 1 to September 10, 2009 – president Josip Protega and member Ivan Sladonja – would not be granted discharge. The Management Board of HPB since September 11 consists of president Čedo Maletić and member Dubravka Kolarić, who, as stated in the invitation, managed the Bank’s operations in accordance with the law and the Statute, and they were granted discharge for the period until the end of last year.
Last year, HPB ended with a loss of 448.8 million kuna, and most of that loss will be covered from retained earnings from previous years amounting to 158.4 million kuna, from reserves for general banking risks 170.8 million kuna, from other reserves 36.6 million kuna, and from legal reserves amounting to 19.2 million kuna. The remaining amount of uncovered loss of 63.6 million kuna will be covered from the profit generated in the upcoming period, as stated in the proposed decisions accepted by the Assembly. (H)
