UniCredit Zagrebačka banka

UniCredit Zagrebačka banka (UniZaba) is the second largest bank in the country. Total assets increased by 18% to € 948 m year-on-year; loans to customers rose by 15%, total deposits by 18%. Over half of all customer deposits are savings deposits in retail banking and thus provide a solid funding base for further business expansion.

Retail customers:

In 2006 the segment focused on introducing new products (cash loans for VISA Classic card holders, e-banking services, the JES account package, etc.) successfully. Loans rose by € 74 m and deposits by € 53 m. The branch network is divided into 10 regions within Bosnia and Herzegovina; direct sales channels were further expanded. The network of ATMs was extended and now numbers 89 machines.

Corporate customers:

UniZaba successfully implemented e-banking services for corporate customers in 2006. New loans for a total volume of € 114 m were extended and guarantees in the amount of € 60 m were concluded. The bank focused on expanding its strong position in business with medium-sized companies.

Outlook:

UniCredit Zagrebačka banka and HVB Central Profit Banka will merge in the final quarter of 2007; the new bank will have about 100 branches and will be the market leader in all of its business segments.