Hrvatska poštanska banka (HPB) announced on Monday that it has successfully completed the operational merger with the former Nova hrvatska banka, thereby fully realizing the technical adjustment of the systems following last year’s legal merger.
As stated in the announcement, the complex and demanding integration process took place in two phases: the legal merger, which was successfully completed on July 3, 2023, and the operational, or technological, merger that was just completed on June 3, 2024.
After a working weekend for a large number of Bank employees and the final system adjustments, all services and functionalities in the business network and on digital channels are available to HPB clients from Monday. The payment of regular pension benefits was enabled earlier than announced, on Monday, June 3, 2024, and from July, payments will continue on the first day of the month.
– HPB has shown that it is ready to seize market opportunities and successfully cope with development activities for its further, intensive growth with the aim of providing stronger support to citizens and the economy of Croatia – stated HPB CEO Marko Badurina.
HPB’s assets at the end of the first quarter of 2024 amount to 6.8 billion euros, and by market share, the Bank has been positioned among the five largest banks in Croatia since the end of 2023, achieving one of its medium-term strategic goals. HPB operates in 67 centers, 12 regional centers, and has a network of over 600 ATMs, providing support to nearly 600 thousand clients, the announcement states.
It is worth noting that HPB acquired Sberbank Hrvatska for 71 million kuna in early March 2022, preventing the liquidation of that bank, which was affected by Western sanctions against Russia, leading to a sudden collapse of its liquidity, after which the bank changed its name to Nova hrvatska banka and began operating as part of the HPB group.
