GOVERNMENT: HPB Re-capitalisation

Boris Lalovac, ministar financijaLPJ Issue 150, 28 September 2015

The government made a decision on the recapitalisation of the state-owned Croatian Postal Bank (HPB), valued at €32.1 million, securing that amount in the revised state budget. Private investors will re-capitalise the bank with €40 million.

The re-capitalisation will be carried out, because the HPB fell below the legally permitted capital adequacy ratio.

The state re-capitalisation was approved by the European Commission.

Proposed by: Ministry of Finance

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