PBZ: Euromoney Excellence Award 2021
Zagreb, July 15, 2021 - Privredna banka Zagreb (PBZ), a member of Intesa Sanpaolo Group, has won The Euromoney Awards for Excellence 2021 as Croatia's Best Bank. The Euromoney Awards for Excellence are awarded worldwide to financial institutions that provide the highest levels of service, innovation and expertise to their customers. A wide range of qualitative and quantitative criteria was taken into consideration for this award that is viewed as the most prestigious award in the global banking industry.
On the occasion of the announcement of this award, Dinko Lucić, President of the Management Board of PBZ said: "I am very proud of this international award which awarded the excellence of the entire PBZ Group team. People are our greatest value and strength, and the fact that we are rewarded for our results achieved in extremely difficult circumstances, during a year marked by the pandemic and strong earthquakes in our country, make this award even more valuable. I would like to take this opportunity to thank all PBZ Group employees for their contribution, but also all our clients who constantly drive us to be even better”.
Euromoney's Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. This year Euromoney received a record number of submissions from banks in regional and country awards programme that covers more than 50 regional awards and best bank awards in 100 countries.
For more information please visit: https://www.euromoney.com/
Privredna banka Zagreb d.d. (PBZ)
From the perspective of business results, PBZ has been continuously at the very top of Croatian banking, it is a highly liquid and capitalised bank, and has demonstrated extreme resilience by successfully responding to all the challenges that the local banking system has faced over the last couple of years. We have taken all necessary measures in a timely manner in order to support our clients, employees, and the community and to ensure smooth operations and continuity of all business processes. PBZ has kept its leading role in new technologies, continuously developing new and innovative products and services for retail, corporate and SME clients and taking a significant part in the financing of the country’s economy. PBZ is also the centre of excellence for many areas of banking within the International Subsidiary Banks Division of the Intesa Sanpaolo Group and has recently become a regional banking hub following the acquisition of majority ownership of the Intesa Sanpaolo banks in Bosnia and Herzegovina and Slovenia. It should be emphasized that PBZ is also the clear winner of the Comprehensive assessment of five Croatian banks conducted last year by the European Central Bank and has got the greatest amount of the capital in the adverse scenario (CET1 Ratio of 16.4 %) that substantially exceeds regulatory requirements. These results confirm strong financial stability and reliability of PBZ in the domestic banking market.
PBZ has a proactive role in encouraging CSR initiatives and projects, with constant dedication to supporting the local community. PBZ is the leading donor in the country and unrivalled among banks regarding donations to healthcare institutions in combating the Covid-19 pandemic as well as repairing the consequences of the devastating earthquake that hit Zagreb and its surroundings and Sisak-Moslavina county. On top of that, it is noteworthy to recall also the unique charity project of the PBZ Group „Doing good every day“, which has been helping the community for more than 10 years and has made more than 57 donations to hospitals and social care homes across Croatia thus far.