Privredna banka Zagreb d.d.
Privredna banka Zagreb d. d. is one of Croatia’s top banks with a long and continuous history of banking operations.It was established in 1966 and it is the legal successor of Banka NRH, founded in 1962.In all stages of its history, Privredna banka Zagreb has been supporting major investment programs for the development of tourism, agriculture, industry, shipbuilding, electrification and road building, and has become a byword for the economic vitality, continuity and identity of Croatia.The privatization of Privredna banka Zagreb was successfully brought to an end in December 1999. Having purchased 66.3 percent of the shares of Privredna banka Zagreb, former Banca Commerciale Italiana (BCI) became its majority shareholder, while the Croatian State Agency for Deposit Insurance and Bank Rehabilitation kept a stake of 25 percent plus two shares. BCI later became part of Gruppo Intesa, the leading banking group in Italy which ranks in the top ten banking groups in Europe.Privredna banka Zagreb has thus become a bank of Gruppo Intesa. The European Bank for Reconstruction and Development (EBRD) acquired a minority stake in PBZ in 2002.In January 2007, after the merger of Banca Intesa and Sanpaolo IMI, Privredna banka Zagreb became a member of the Intesa Sanpaolo Group.In June 2015, by acquisition of shares from the EBRD, Intesa Sanpaolo increased its majority stake in the share capital of PBZ to 97.47 percent.Privredna banka Zagreb still focuses its business strategy on modern forms of banking and new products, living up to its image of a dynamic and modern European bank that responds to the demands of the market and its clients.From its very foundation Privredna banka Zagreb has been one of the leading banks in Croatia.It has received a number of prestigious international and Croatian awards for excellence.With about 190 branch offices and outlets, Privredna banka Zagreb covers the entire territory of the Republic of Croatia.