Housing Savings

PBZ stambena štedionica merged with Privredna banka Zagreb on 16 June 2022.

The Bank will fully assume all the rights and obligations of PBZ stambena štedionica.

After the merger, the housing savings will continue until their expiration, under the agreed conditions, which includes a fixed interest rate and the right to government incentives.

You can continue to pay into your housing savings until the expiration of the agreed savings period, and you will be notified about the new number of your housing savings account in a timely manner.

You can continue to pay your housing savings or housing loan annuity via the Internet or mobile banking and at the PBZ branch offices.

If you are paying housing savings:

• new recipient:   Privredna banka Zagreb d.d.       
• new IBAN:        HR98 2340 0091 3000 0003 1
• model:             HR05
• reference number (PONBO) 1112 – new eleven-digit housing savings account number.

If you are paying a housing loan annuity:

• new recipient:   Privredna banka Zagreb d.d.      
• new IBAN:        HR64 2340 0091 0000 0001 3
• model:              HR05
• reference number (PONBO) 41114 - the number of the loan sub-account (remains the same, no change in relation to the sub-account number in the PBZ stambena štedionica).

The standing order needs to be changed because the existing standing orders will not be executed.

If you have a standing order for housing savings payments, after receiving a notice from the Bank or another bank with which you have contracted a payment account, change the standing order to a new account number by personally visiting the branch office or in another manner agreed under your framework contract on payment services in order for the standing order to continue to be executed.

Yes, after the merger, you retain the right to state incentive funds in accordance with the Act on Housing Savings and State Incentives for Housing Savings until the expiration of the housing savings contract.

You can request the balance of the housing savings and the housing loan at any branch office of the Bank.

You can also find out the balance via the online banking service [PBZ digital banking] if you are a user of this service.

From the day of the merger, all notifications/statements of PBZ stambena štedionica to all clients of PBZ stambena štedionica who are also clients of the Bank will be sent to the address of residence registered with the Bank, or to a correspondent address if it was recorded when opening a housing savings account with PBZ stambena štedionica. If the client of PBZ stambena štedionica was not a client of the Bank prior to the merger, the statements/notifications will be sent to the last address recorded by PBZ stambena štedionica, which may be changed after the merger, as well as any other relevant data (e.g. identification document data), in all Bank branches.

No. The housing savings contract remains unchanged.

Changes to the contract (change in the contract amount, change in savings period, etc.) will not be possible after the merger, except for the transfer of housing savings to a family member.Changes to the contract (change in the contract amount, change in savings period, etc.) will not be possible after the merger, except for the transfer of housing savings to a family member.

The state incentive funds, together with the corresponding interest, will not be paid to you if you cancel the housing savings contract within a period of less than five years from the beginning of the housing savings.

If the contract is terminated prior to the expiration of 2 years for Prima savings, or 5 years for other types of savings, a fee will be charged for the termination of the housing savings contract.

By merging PBZ stambena štedionica with the Bank, the Bank's Tariff will be applied, which will include the above fee, and which will be available on the Bank's website and in all the branch offices of the Bank.

The provisions of the Family Act will apply to the disposal of housing savings funds of minors. 

In the event of the death of a housing savings depositor, the heirs are obliged to submit the Decision on Inheritance to the Bank after the probate proceedings are carried out.

Yes, in accordance with the Act on Housing Savings and State Incentives for Housing Savings, a housing savings depositor can assign his or her rights under a housing savings contract to a member of his or her family.

After the merger of PBZ stambena štednja with the Bank, all the deposits of depositors into the Bank, including housing savings funds, will be, in accordance with the Deposit Insurance System Act (OG 146/2020), aggregated into a total amount that will be insured and limited to EUR 100,000 in the kuna equivalent according to the mid-point exchange rate of the Croatian National Bank valid on the day of the insured event.

30 days after the expiration of the savings period, housing savings funds become a deposit in the Bank, which is obliged to apply the Act on the Enforcement of Monetary Funds in its operations. This means that housing savings funds may be subject to enforcement by the Financial Agency.

After the expiration of the housing savings period, you will be able to use your savings or choose one of the products from the Bank's offering.

If you do not submit a request to the Bank for the payment of funds from the housing savings account within 30 days after the expiration of the agreed housing savings period, the housing savings funds will be transferred to a due deposit and the Bank will charge regular interest on these housing savings funds at the current interest rate for demand deposits. You will be able to make use of these funds at any time in all branch offices of the Bank.

If you have exercised the right to a housing loan based on your savings, you will receive a Notice on the granting of a housing loan that you can contract in any branch of the Bank, and other housing loans from the offering of the Bank are available as well.

As before, after receiving the notification on the expiration of the housing savings period, you need to submit a Request for the payment of funds from the housing savings account and the Bank will pay the funds to the account specified in the Request.

After the merger, it will no longer be possible to conclude a new housing savings contract, nor will the existing contracts be automatically renewed after their expiration.

Pursuant to the Housing Savings Act, you can transfer the housing savings to another housing savings society during the savings period.

Also, in accordance with the Act on the Deposit Insurance System, you can, without paying a fee, within three months from the date of the Notice of the merger that will be delivered to you, transfer your housing savings to another housing savings society (including the credited government incentives) or to another credit institution (without the credited state incentive funds if the savings period was shorter than five years).

Housing savings on the basis of which a loan a was contracted remain active until the expiration of the contracted savings period in accordance with the housing savings contract and the General Terms and Conditions.

If you have duly paid your savings deposits, after the expiration of your savings period, you will receive a notice on the allocation of the agreed amount and you will be able to apply for a housing loan with a fixed interest rate for the entire repayment period if you meet the current loan conditions of the Bank for housing loans.

It will not be necessary to make changes under the Loan Agreement, and the loan sub-account number remains the same.

You will continue to repay the housing loan under the agreed terms until the end of the repayment.

As before, pursuant to the Act on Consumer Housing Loans, you have the right during the loan repayment period, to repay the entire amount early or to reduce the remaining amount of debt under the loan with increased payments. In this case, you have the right to request a reduction of the monthly repayment annuity in proportion to the new housing loan debt with an unchanged loan repayment period or a shortened loan repayment period with an unchanged monthly annuity.

There will be no changes to the maturity date of the annuities. You will be informed in a timely manner about any changes to the loan.

During the loan repayment period, it is possible to change the repayment security instruments, which includes the replacement of the pledged real estate or the possibility of establishing a lien on another item of real estate that is acceptable to the Bank.

All costs of the Bank’s credit services will be listed in the current Bank Tariff, which will be available on the Bank's website and in all of the Bank's branch offices.

The standing order needs to be changed because the existing standing orders will not be executed.

If you have a contracted standing order for the payment of monthly annuities, after receiving a notice from the Bank or another bank with which you have contracted a payment account, change the standing order to a new account number by personally visiting the branch office or in another manner agreed under your framework contract on payment services in order for the standing order to continue to be executed.