Who Owns HPB Company?

HPB Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns HPB Company?

Understanding HPB's ownership is key to grasping its strategic direction and market influence. A significant event was its acquisition of Sberbank's Croatian unit in March 2022, which altered its market position during a period of global change.

HPB, founded in 1991 and based in Zagreb, operates as a universal bank. Its ownership structure, largely state-controlled, significantly shapes its operations and accountability within Croatia's financial sector.

As of December 31, 2024, HPB held total assets of approximately EUR 7.9 billion, serving 572,000 clients with capital of EUR 575 million. The bank commanded a 9.4% market share in 2024. Its ownership is primarily state-driven, impacting its strategic decisions and public responsibility. For a deeper understanding of its strategic positioning, consider exploring the HPB BCG Matrix.

Hrvatska Poštanska Banka (HPB) was founded in October 1991, with Hrvatska pošta, the national postal service, as its initial majority shareholder. This established HPB as a state-backed institution from its inception, aiming to be a nationally owned financial service provider.

Founding Entity

HPB was established in October 1991 by Hrvatska pošta, the Croatian national postal service.

Initial Majority Shareholder

Hrvatska pošta held the majority shareholding until 2001, marking a state-backed origin for the bank.

Early Vision

The founding vision focused on creating a robust, accessible, and Croatian-owned financial institution.

Leveraging Infrastructure

HPB initially utilized the existing postal network's infrastructure to build its customer base across Croatia.

Early Investment Details

There is no public information regarding early angel investors, friends, or family stakes during this initial phase.

Ownership Agreements

Public details on early agreements like vesting schedules or buy-sell clauses are not available.

The early operational strategy of HPB involved leveraging the extensive reach of the Croatian postal service to establish a broad customer base. This foundational period saw the bank deeply integrated with national infrastructure, reflecting its role as a key financial institution with a strong connection to public services. The Target Market of HPB was inherently broad due to this initial setup.

Founders and Early Ownership of HPB Company

The establishment of HPB in 1991 was driven by Hrvatska pošta, the Croatian national postal service, which acted as the primary founder and initial majority shareholder.

• Hrvatska pošta was the majority shareholder until 2001.
• The bank was conceived as a nationally owned universal banking institution.
• Early operations capitalized on the postal network for customer reach.
• Specific details on early private investors or ownership disputes are not publicly documented.

HPB SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership of HPB has evolved significantly since its establishment, with a pronounced trend towards increased state control. Since 2001, the Croatian government has held the majority stake, primarily through its investment funds.

The HPB company structure reflects a strong state influence, with the Republic of Croatia directly or indirectly controlling approximately 77% of the bank's equity. While a recapitalization in 2015 involved private shareholders, the overarching trajectory has been towards consolidating state ownership. This shift has been further amplified by strategic moves, such as the 2023 merger with Nova hrvatska banka, which bolstered HPB's market standing. The bank's financial performance in 2024 underscores this growth, with total assets reaching EUR 7.9 billion, an 11.9% increase, and a net profit of EUR 73.6 million, resulting in a 13.5% return on equity. These developments highlight the evolving HPB company ownership and its impact on the bank's strategic direction and market presence.

Key Stakeholders in HPB

Understanding who owns HPB provides insight into its strategic direction and governance.

• The Republic of Croatia is the largest shareholder, directly holding nearly 45% of the shares.
• Croatian Post PLC and the Croatian Deposit Insurance Agency are also significant stakeholders.
• The HPB company structure indicates a majority state control, influencing its operations.
• HPB is publicly traded on the Zagreb Stock Exchange, allowing for broader investor participation.
• For a deeper understanding of its past, explore the Brief History of HPB.

HPB PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

As of April 2025, the HPB company's management board includes Marko Badurina as President, alongside members Anto Mihaljević, Ivan Soldo, Tadija Vrdoljak, and Josip Majher. The supervisory board is chaired by Marijana Miličević, with Mislav Ante Omazić serving as Deputy President and Independent Member, and Marijana Vuraić Kudeljan as a Member.

The voting power within the HPB company is primarily determined by its share structure. The company has 2,024,625 ordinary shares, each with a nominal value of EUR 80.00, and each share carries voting rights. The Republic of Croatia holds a significant majority ownership, approximately 77%, through direct and indirect means. This translates to substantial voting power, with the Republic of Croatia holding 909,035 shares, representing 44.8989% of the total share capital. This substantial stake gives the government considerable influence over crucial decisions, including the appointment of members to the Supervisory Board. This was demonstrated in the April 2025 General Assembly, where the Republic of Croatia, as a major shareholder, proposed adding agenda items concerning the suitability and election of Supervisory Board members, as well as the appointment of Audit Committee members.

HPB Company Governance and Shareholder Influence

The HPB company's governance structure is heavily influenced by its majority shareholder, the Republic of Croatia. This state ownership ensures that the company's strategic direction aligns with national interests in maintaining a strong domestic banking sector. The government's substantial voting power allows it to directly impact key leadership appointments and strategic decisions.

• The Republic of Croatia owns approximately 77% of HPB company.
• Each ordinary share has a nominal value of EUR 80.00.
• The state's voting power influences the appointment of the Supervisory Board.
• There have been no significant challenges to state control reported.
• Understanding this ownership is key to understanding the Growth Strategy of HPB.

HPB Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past few years, HPB has seen significant growth and strategic acquisitions, notably the purchase of Sberbank d.d.'s Croatian subsidiary in March 2022. This move has reshaped its market presence and asset base, contributing to its current standing in the Croatian banking sector.

HPB's financial performance in 2024 demonstrated robust profitability, with a net profit of EUR 73.6 million and a return on equity of 13.5%. While the first half of 2025 saw a dip in after-tax profit to EUR 36.1 million from EUR 45.1 million in the prior year, largely due to reduced net interest income, the bank remains committed to innovation and digital advancements. The company also announced a dividend payout for 2024, with EUR 23.90 per share to be distributed in two installments.

Strategic Acquisition Impact

The acquisition of Sberbank d.d.'s Croatian subsidiary in March 2022 significantly boosted HPB's total assets and market share. This integration, completed by 2023, positioned HPB among the top five banks in Croatia.

Digital Transformation Focus

HPB continues to prioritize digital transformation initiatives. This includes launching new products and services, such as the 'HPB SUPER STAMBENI KREDIT' in 2025, to enhance customer experience and maintain competitiveness.

Ownership Stability and Support

The Republic of Croatia remains the majority owner of HPB, ensuring a stable strategic direction. This state backing underscores the bank's role in supporting the national economy and its citizens.

Industry Consolidation Trends

The banking sector is experiencing increased consolidation and a strong push towards digital solutions. HPB's strategic acquisitions and digital investments align with these broader industry trends, as detailed in the Marketing Strategy of HPB.

HPB Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔