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History

Privredna banka Zagreb d. d. is one of Croatia’s top banks with a long continuous history of banking operations.

History

  • In all stages of its history, Privredna banka Zagreb has been responsible for the largest investment programs in the development of tourism, agriculture, industry, shipbuilding, electrification and road building, and has become a synonym for the economic vitality, continuity and identity of Croatia. It was founded in 1966 and is the legal successor of the NRH Bank, founded in 1962.
  • In December 1999 the privatization of Privredna banka Zagreb d.d. was successfully completed.
  • Banca Commerciale Italiana (BCI) became the new major stakeholder by purchasing 66.3% of Privredna banka Zagreb d.d. shares and the State Agency for Deposit Insurance and Bank Rehabilitation kept the 25% share plus two shares.
  • BCI became a part of Gruppo Intesa, the leading Italian financial group, also one of the ten biggest European banking groups. Privredna banka Zagreb thus became an integral part of Gruppo Intesa.
  • In June 2000 Krapinsko-zagorska banka merged with PBZ
  • During 2002 the European Bank for Reconstruction and Development gained a minor ownership share of PBZ.
  • In January 2004 Riadria banka merged with PBZ
  • In January 2005 Privredna banka Laguna banka merged with PBZ.
  • In January 2007 after the merger of Banca Intesa and Sanpaolo IMI PBZ became a member of the  Intesa Sanpaolo Group. 

With its new foreign partner, Privredna banka Zagreb shall continue its business strategy oriented towards the modern aspects of the banking business and new products, thus confirming its image of a dynamic and state-of-the-art European bank which follows the market demands and meets the needs of its clients.

PBZ has been rewarded a number of prestigious international and domestic awards for the quality of its business activities.