| Headline: Croatia Source: Euromoney Date: July 2001 Best bank: Privredna Banka Zagreb Best debt houses: Deutsche Bank Best equity house: CSFB Best M&A house: ABN AMRO Croatia’s second largest bank, Privredna Banka Zagreb, has changed under chief executive Bozo Prka from a rather inflexible state-owned institution to become the most dynamic bank in the country.
Originally Privredna was set up as the investment bank of Yugoslavia. It had changed direction toward the retail sector in 1998 and plans to have a portfolio split 50:50 between retail and corporate loans by 2003. Things went well in the past year. Privredna booked record growth of 40.57% in deposits over the past year, and the ratio of retail to corporates is up to 44:56. | ||||||||||||||||||||||||||||||||||||||||||