Erste & Steiermaerkische Bank d.d. was created through the merger of four successful Croatian banks: Bjelovarska banka, Trgovačka banka, Čakovačka banka and finally Riječka banka. The merger process was completed on September 1, 2003.
Since the very conception, the new bank is classified among the leading Croatian banks according to the asset return and equity capital criteria (ROA; ROE).
With its capital and educated personnel, the Bank represents a financial force capable of successful rivalry with the competition at the very top of the Croatian banking sector.
Erste & Steiermaerkische Bank d.d. Rijeka has as total market share greater than 10%, and assets exceeding 20 billion Kuna, a total of 120 business units throughout Croatia and a network of over 200 ATM’s.
The majority share of Erste & Steiermaerkische Bank d.d. in the amount of 80% is held by two Austrian banks: Erste bank der Oesterreichischen Sparkassen AG and Steiermaerkischen Bank und Sparkassen AG.
Erste Bank was founded back in 1819 as a savings bank, and today it is the second largest banking concern in Austria. The fact that it has never, in the course of its history, had to apply for government support speaks volumes about its business politics geared towards stability.
Die Steiermaerkische has, through its long tradition, successfully confirmed its number one status among the banking institutions in Steiermark, one of nine Austrian regions.
Besides traditional banking services, the Bank offers some services that are new to Croatia, such as investments in securities, organizing credit unions, finding strategic partners, financing through the redemption of bills of exchange or issuing bonds.
As the same time, it has opened access to European and global financial markets through its Austrian banks-owners, as well as ensured a secure continuation of a safe and stable business. The competitive power on the market has also been increased, through the creation of a business network that responds to the needs of clients.
One of the goal the Bank plans to achieve in the near future is to become the Bank with the highest quality of service in Croatia.
Erste & Steiermaerkische Bank d.d. as a custody bank of the fund has the following obligations:
1. To ensure that the funds from the sale of shares are deposited to a special Fund account
2. To issue share documents as requested by the investors, and to redeem them and reimburse the investors.
3. To control the value of individual shares in the Fund.
4. To carry out the orders of the Company if they are not contrary to the laws and the investment fund statute.
5. To monitor that the profits of individual assets are used according to law regulations and the Statute of the investment fund.