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2010
  • Notification regarding changes in payment operations from the 1st January 2011
    23Dec
    Dear clients
     
    From the 1st January 2011 legal prescriptions regarding payment operations and foreclosures over cash funds are being modified. We bring You a brief insight in the changes in question:
     
    1. Law on Payment Operations
     
    The new Law on Payment Operations (published in NN 133/2009) becoms effective from the 1st January 2011 and brings significant changes in HRK and FX paymant operations. These modifications adapt the Croatian legislative and banks to the European standards (European directive on payment services).
    Vaba d.d. bank Varaždin has brought new General terms on transaction accounts related business activities, in order to adjust to prescriptions of the new Law. In connection with this new General terms for payment operations with consumers and General terms for one-time payment transactions have been adopted as well. All general terms are available to our clients via or web page (www.vababanka.hr), as well as in Vaba branches.
     
    2. Term plan for execution of payment transactions
     
    In line with the new Decision of the Central bank, the Term plan for execution of payment transactions has been changed as well. It enables that the HRK Payment orders until 2 p.m. are executed inside the same day.
     
    3.  Law on Execution of Foreclosure over Cash Funds
     
    Law on execution of foreclosure over cash funds (published in NN 91/2010) also becomes effective from the 1st january 2011. The Law transfers the execution of foreclosures from the banks to the Financial Agency, that is to receive resolutions, give banks payment orders and block and de-block accounts.
     
    4.  Unified account registry
     
    In line with the new Law on execution of foreclosure over cahs funds, the Unified account registry is being expanded, that has until now contained accounts of legal entities and of physical entities. Account data contains only the basic information on certain accounts, but not on their balance.
    Infomation regarding accounts of physical entities is not published, and are under the shield of the Law on protection of personal information.
     
     
  • Christmas concert in Varaždin
    10Dec
    Varaždin, 10th December 2010 - On today's press conference held in the Croatian National Theatre in Varaždin, the performers and the program of this year's Christmas concert have been introduced. The concert will take place on the 17th December 2010 in the Croatian National Theatre in Varaždin under the organization of Vaba d.d. bank Varaždin and Varaždin County in cooperation with DFE Partners.
     
    Since the reactions to the last year's Christmas concert were excellent, Vaba d.d. bank Varaždin and Varaždin County, in cooperation with DFE Partners, decided to prepare an unforgettable spectacle this year as well, and to embellish the Christmas hollidays with an extraordinary musical delight to the citizens of Varaždin and Varaždin County, clients, associates and business partners. This year the performers on the Christmas concert will be the Husar sisters and the Croatian Army Orchestra under the conduct of Mladen Tarbuk, performing the best known Croatian and worldwide Christmas songs.

    The press conference was attended by Mladen Tarbuk, the conductor, Ivana Cesar, Head of Retail Banking Division of VABA Bank and Predrag Štromar, Varaždin County Prefect.
     
    Ivana Cesar, Head of the Retail Banking Division stated at this occasion:
    "Vaba d.d. bank Varaždin has always been stimulating the promotion of theatre culture in Varaždin, and through this concert we would like to thank all citizens, clients, associates and business partners on their trust, and to bring them once again into an unforgettable magical Christmas atmosphere."

    "Our daily mission is to make the lives of citizens of Varaždin County as pleasant and as quality as possible, and the cultural events ennoble our everyday lives and are an important segment of a human life. Christmas concert is only a small contribution in this time of giving and another confirmation of an excellent long-lasting cooperation between Varaždin County and Vaba d.d. bank Varaždin.", said the Varaždin County Prefect, mr. Predrag Štromar. 
      
  • City of Lepoglava joins Cash pool of Vaba d.d. bank Varaždin
    8Nov
    Lepoglava, 8thNovember 2010 – Mayor of the City of Lepoglava Marijan Škvarić and CEO of Vaba d.d. bank Varaždin Igor Čičak have signed today an Agreement on business cooperation regarding the implementation of the program „Entrepreneur“ in the office of the City of Lepoglava. Mayor Marijan Škvarić has also signed a document on the accession of the City of Lepoglava to Cash-pool through which Vaba d.d. bank Varaždin enables a more favourable utilization of the financial funds of 104 members of Cash-pool.
     
    The signing of the document on the accession to Cash-pool and the Agreement on business cooperation regarding the implementation of the program „Entrepreneur“ between the City of Lepoglava and Vaba d.d. bank Varaždin was also attended by deputy Mayor of the City of Lepoglava Alojz Gredelj and the Head of the Unified Administrative Department Marina Žulić, sales manager from Vaba d.d. bank Varaždin Darko Pospiš, Head of the Corporate Banking Division Jasna Slunjski, Head of the Retail Banking Division Ivana Cesar, and by the representatives of the media.
     
    Advantages of membership in Cash-pool and the uses of „internal financing“ for members of the Cash-pool are various, but what needs to be pointed out are the more favourable interest rates both on the given and borrowed funds.
     
    Members of Cash-pool that have a surplus on their account receive interest on two basis, being the internal interest for the amounts borrowed to other members of the Cash-pool calculated at 3%, and a regular annual interest rate of 0,9% increased by a bonus. Members of the Cash-pool that utilize other members' funds also pay an internal interest rate for Cash-pool funds in the amount of 3%, and an interest rate for the Bank's funds of 6,5%, being only when the Cash-pool funds are not sufficient.
     
    Cash-pool members' funds, whose price is lower than the Bank's funds, are always utilized first, while the Bank's funds are used only when the Cash-pool members' funds proove to be unsufficient to execute a given Payment order.
     
    Each member of the Cash-pool can earn a bonus up to 0,75% of the positive balance on its account on a daily basis, a bonus that is calculated on the basic deposit rate. In addition to this, a member of the Cash-pool can also be liquid in situations when it does not have sufficient funds on its business account – than the member borrows funds from the Cash-pool at a substantially lower interest rate (internal price), enabling it to save 3,5%.
     
    Applicants for loans from the program „Entrepreneur“ can be craftsmen, small and medium entreprises, cooperatives, profit institutions, physical entities in free trade and household farmings.
    The loans will be approved in a minimum amount of HRK 35.000, while the maximum loan amount is  conditioned by the purpose of the loans. The loans will be approved for purchase of construction and associated land and for the restructuring of infrastructure of this land, for purchase, construction , restructuring or expansion of business objects, for obtainment of equipment or certain parts of equipment for production plants, for the purchase of vehicles for entrepreneural purposes (other than motocycles, mopeds and personal cars), for working capital purposes, for the purchase of machinery, equipment, breeding cattle for household farmings, as well as for the purchase of agricultural land, restoration of existing tourist objects, and the expansion of business activities for household farmings situated on the area of the City of Lepoglava.
    The floating interest rate for the loans will be 8% annualy, with a subvention of the City of Lepoglava with 1% for service and similar activities, and with 2% for production activities, so that the interest rate for the final user comes to 7%, i.e. 6% annualy.
    Maturity can be up to 5 years including a maximum 1 year grace period, except for working capital loans.
    The program starts with its implementation immediately after the Agreement has been signed, and it will be enforced until the total loan fund of the Bank for this program, being HRK 3.000.000,00, is exhausted.
  • Best Croatian carate fighter Mirna Šenjug achieves a global success
    2Nov
    Mirna Šenjug, Head of Controlling in Vaba d.d. bank Varaždin won a bronze medal on the World Champioship in Carate that took place during last week in Belgrade. This is the first world medal in her career, being after the five won "european" medals - three golds and two bronzes, her sixth medal in total on the world's biggest competitions.
     
    By winning this medal our Mirna has prooved once again that a lot can be accomplished through great persistance and dedicated work. We are extremely happy and satisfied that Mirna applies her persistance and sports spirit in the business domain as well.
     
     
  • Vaba d.d. bank Varaždin achieved a net profit of HRK 3,2 million in the first nine months of 2010
    2Nov
    Varaždin, 29th October 2010 –Vaba d.d. bank Varaždin achieved a net-profit in the amount of HRK 3,2 million in the first nine months of 2010, while the total assets on the 30th September 2010 amounted to HRK 1,4 billion.
     
    Interest revenues in the first nine months of this year came to HRK 75,0 million, while the interest expenses amounted at HRK 41,3 million. The most significant part of these expenses refers to retail interest expenses in the amount of HRK 29,4 million, that have increased compared to the same period last year by 34,3%, as a direct result of the increase in retail savings.
    Net interest revenues were HRK 33,7 million, which is 11,9% higher compared to the same period last year, while the net revenues from comissions and fees came to HRK 2,9 million.
     
    As a result of a diminished economic activity and a decreased activity of the Bank in the capital market, other Bank's revenues, such as FX trading, trading revenues etc., have been reduced in the first nine months of 2010.
     
    General administrative expenses and depreciation came to HRK 35,2 million in the first 9 months, which is at the same level of these expenses as in the same period last year.
     
    Total assets of the Bank on the 30th September 2010 amounted to HRK 1,4 billion, which is a 15,6% increase compared to the standing on the 31st December 2009, with a notice that the loans have increased by HRK 70,3 million, i.e. 8,7%.
     
    Total equity of the Bank is HRK 155,4 million.
     
    From its foundation to this date Vaba d.d. bank Varaždin achieved a significant growth and developed a wide network of branches and financial centres. The Bank is today performing its business activities through 2 financial centres and 11 branches in 5 counties.
     
     
     
  • Student loans
    24Sep

    Varaždin County issued a public tender for the granting of preferential student loans for the academic year 2010/2011. Applications are submitted to the Administrative Department for Education, Culture and Sports of the Varaždin County, Franjevački trg 7, Varaždin.


     

  • Children's savings
    22Sep
    In line with the Law regulations, and the opinion of the Ministry of Health and Social Care of Republic of Croatia, Department for Social Care, CLASS: 552-02/10-01/83, URBROJ: 534-09-1-3/3-10-2, communicated to all banks on the 2nd September 2010, we inform You on the modifications in the manners and amounts over which parents, i.e. legal representatives, can govern in the form of cash funds on accounts, i.e. savings of juveniles.

    After the 30th September 2010 parents, i.e. legal representatives, can have governance over amounts that depend on the child's age without the approval of a Social Care Centre as it follows:
    • 902,87 HRK for a child up to 6 years old (17% of an average wage in Croatia),
    • 1.062,20 HRK for a child between 7 and 12 years old (20% of an average wage in Croatia),
    • 1.168,42 HRK for a child between 13 and 18 years old (22% of an average wage in Croatia).

    In order for monthly governance over larger amounts than stated above, parents/legal representatives must obtain an approval of the proper Social Care Centre.
     

  • General Assembly of VABA d.d. bank Varaždin
    21Sep
    On the 15th September 2010 General Assembly of Vaba bank Inc. Varaždin took place. On the Assembly an unanimous decision about the appointing of new external auditors was made. The auditor for financial statements of Vaba bank for the year 2010 would be Nexia Revizija Ltd., Zagreb, Koranska Street 16.
    The General Assembly was attended by six shareholders that represented the total of 1.042.945 shares with a voting right, i.e. 59,08% of the Bank's equity.

     
  • Vaba bank Inc. Varaždin becomes a general sponsor of the children's festival Mali MEF
    3Aug

     



    In the centre of the City of Čakovec, on the 2nd August 2010 as a part of the Porcijunkulovo (cultural-touristic manifestation of the City of Čakovec), under the general sponsorship of Vaba bank Inc. Varaždin, the children's festival Mali MEF took place.
     
    This year's Mali MEF was the fourth in a row. Children were competing in two age categories (6-10 years and 11-15 years), and all the songs were written for their age and were performed for the first time in this festival. The main prize was awarded to Lea Šprajc by Suzana Mlinarić, Head of the Branch Čakovec of Vaba bank.
     
    The festival was excellently attended, on the Vaba stand in front of the stage there were many guests, and in the promotion of the children's savings VABA KONTO JUNIOR we were joined by Mario Mlinarić as well.
     
    Vaba bank Inc. Varaždin, as a part of its socially responsible business conduct strategy, has continued with this sponsorship its participation and support to all more significant cultural, social and sporting events.

     
  • Vaba bank Inc. Varaždin accomplished a net profit of HRK 2,07 million in the first 6 months of 2010
    30Jul

    Varaždin, 21st July 2010. - Vaba bank Inc. Varaždin accomplished a net-profit of HRK 2,07 million in the first half of 2010, while the Bank's total assets on the 30th June 2010 came to HRK 1,39 billion, representing an increase of 15,3% compared to the 31st December 2009. Loans have been increased by HRK 80,9 million, i.e. 10,0%. Retail deposits are higher at the end of first 6 months by HRK 46,9 million compared to the end of 2009, representing an increase of 7,5%, while the Bank's total equity reached HRK 155,4 million.

    In the first half of 2010 the Bank realized HRK 49,4 million of interest revenues. In the structure of interest revenues the largest portion is held by the revenues from companies with 70,9% (HRK 35,1 million), while the retail interest revenues participate with 23,5% (HRK 11,6 million). Net interest revenue in the same period amounts to HRK 22,4 million which is 12,4% higher than in the same period last year, while the net income from commissions and fees comes to HRK 1,9 million.
     
    Interest expenses in the first half of 2010 amounted to HRK 27,0 million and have decreased in comparison to the same period last year by 14,3%. The most significant part are the retail interest expenses that were HRK 18,9 million (70%), and are higher by 37,8% compared to last year, as a direct result of the retail savings increase. Furthermore, in the structure of interest expenses second largest portion is held by the financial institutions related expenses with 16,8% (HRK 4,5 million), being 55,5% less compared to same period in 2009, as a result of the normalization of interest rates on the interbanking market.
     
    General administrative expenses and depreciation in the first half of 2010 come to HRK 23,2 million, which is at the level of these expenses for the first six months in 2009, while for the purpose of provisioning for identified losses the Bank had additional expenses in the first 6 months of 2010 in the amount of HRK 1,4 million.

     

  • Information on the change of working hours in Branch Ivanec
    17Jun
    Dute to holidays in the period from the 5th July to the 31st August 2010 Branch Ivanec will be opened for clients from Monday to Friday from 8 A.M. to 3 P.M., and on Saturdays from 9 A.M. to 12 noon..
  • New telephone numbers in Branch Anina
    17Jun
    We would like to inform You that as of the 18th June 2010 the branch in Anina has new telephone numbers::
    Telephone: ++385 - 42 660-880
    Fax: ++385 - 42 660-888 
  • General Assemby of Vaba bank Inc. Varaždin
    16Jun
    On the 16th June 2010 the General Assembly of Vaba bank Inc. Varaždin was held, unanimously adopting all decisions as listed in the Public announcement papers nr. 59/10. The Assembly was attended by nine shareholders that represented 1.183.573 shares with voting rights, i.e. 67,05% of the Bank's total PIC.
     
    Mr. Vladimir Košćec has been chosen for the President of the General Assembly for a period of four years. Furthermore, among other decisions proposed to the General Assembly, the Assembly has been communicated with the Annual Financial Statements of the Bank for 2009, and has adopted the Auditor's Report by KPMG Croatia Ltd, as well as the Supervisory Board Report about the performed supervision over the Bank's business activities in the same year.
    On the Assembly clearances for members of the Management Board and Supervisory Board have been regulary issued for the year 2009.
     
    All other proposition made by the Management Board and Supervisory Board have been accepted.
     
    On the 9th June 2010 Mr. Mensur Jašarević has been chosen for a new member of the Supervisory Board, who will be a part of the Supervisory Board of the Bank in the period to come, along with Mr. Vladimir Košćec (President of the Supervisory Board), Balz Merkli, Anis Khan, Ankica Mamić and Marina Bača.
     
    From its foundation to this day Vaba bank Inc. Varaždin has accomplished a significant growth and has developed its wide network of branches and financial centres. Today the Bank operates through four financial centres and 7 branches in five Counties.
     
     
  • Vaba bank Inc. Varaždin approved the first loans from the Working Capital Financing Program (Model A)
    5May
    Varaždin, 4th May 2010 – Vaba bank Inc. Varaždin requested for a quota of HRK 4 million on the first auction of CBRD (Croatian Bank for Reconstruction and Development) held on the 19th February 2010, and in addition to five largest banks has been granted  with HRK 3.750.000 of funds at a price of 3,8% annualy, which represents 40% of the funds available for loan financing entrepreneurs under favourable conditions. For its own funds in the 60% ratio the Bank has offered an interest rate margin of 3,5%, making it competitive and placing it inside the first six banks having quoted the credit quotas.
     
    Price for the final debtor is formed based on the Bank's fixed interest rate margin and the treasury notes yield (for treasury notes with maturity on the 91st day from the last auction), and the CBRD funds cost, bringing the current weighted interest rate for the final user to 4,82% on a yearly basis.
     
    Vaba bank Inc. Varaždin has approved seven loans from the total of HRK 10 million crediting potential (CBRD funds along with own funds).
     
    After the finalization of regular approval procedures in the Bank and in CBRD, first loans in the total amount of HRK 2,9 million have been placed to the final users on Friday, the 30th April 2010.
    During this week further placements in the amount of HRK 5 million are expected. Deadlines for loan placements are in line with the term-structure plan of funds withdrawal, since the loans from this credit line can be utilized for upto 6 months, providing that the utilization has a clear purpose.
     
    The Bank plans to participate in the future auctions as well.
  • Local projects for the development of small entrepreneurship
    4May
    On the 4th May 2010 the Varaždin County has issued a public tender for the granting of entrepreneurial loans from the project "Local projects for the development of small entrepreneurship" for 2009, that is to be conducted through Vaba bank Inc. Varaždin.
     
    USERS OF THE LOAN can be: craftsmen, small and medium companies and cooperatives in the 100% ownership of citizens of the Republic of Croatia who invest in the area of the Varaždin County, independent of the Head Office i.e. residence of the company.  
    LOAN PURPOSE:
              - purchase, construction, restoration or expansion of business facilities,
              - purchasing equipment or certain parts of equipment,
              - business modernization and preserving workplaces,
              - working capital to 30% of the loan amount
    LOAN AMOUNT:
             From 200.000,00 HRK to 5.000.000,00 HRK
    MATURITY AND GRACE PERIOD:
              - maturity to 10 years;
              - grace period to 2 years (is included in the total loan maturity)
    INTEREST RATE:
              - 8,0% at most, annual, changeable,
              - Varaždin County subventiones the interest with 0,5%
              - Ministry of Economy, Labour and Entrepreneurship subventiones the interest with 2,0%
              - The right to use the subventions of interest have the loan applicants who have a registered production business activity and invest the loan funds into production.
    LOAN REPAYMENT:
              - according to the agreement of the debtor with the Bank
    INSURANCE INSTRUMENTS:
              - according to the agreement of the debtor with the Bank (mortgage, co-debtors etc.)
              - Guarantee of the Croatian Agency for Small Entrepreneurship (HAMAG)
              - Guarantee of the Varaždin County Guarantee Agency (GARA)
    APPLYING FOR THE LOAN:
    Loan demand, together with all the required documentation is delivered to the Department of Craftsmenship and Small Entrepreneurship, Vaba bank Inc. Varaždin, Aleja Kralja Zvonimira 1, Varaždin (fifth floor)
    APPLICATION FORMS AND LISTS OF REQUIRED DOCUMENTATION
    The list of required documentation and application forms for the loan can be found in Vaba bank Inc. Varaždin, Aleja kralja Zvonimira 1, Department of Craftsmenship and Small Entrepreneurship, Varaždin (fifth floor) or can be downloaded at the web pages of the Bank.
     
  • Vaba bank Inc. Varaždin and Varaždin County continue with new favourable loan financing lines for stimulating small and medium entrepreneurship
    14Apr
    14th April, Varaždin – A contract on business cooperation in the Program for stimulating small and medium entrepreneurship has been signed today in the County Palace between Varaždin County and five business banks. A starting interest rate of 7,5% annualy has been agreed upon, from which the County subventiones the interest with 2% for craftsmen, 2% for women entrepreneurs and 1% for other entrepreneurs. In the interest subvention program seventeen cities and districts from the Varaždin County area have been involved, subventioning the interest rate by an additional 1-2%, so that the interest for the final debtor in these municipalities moves between 3,5% and 5,5%.

    County Prefect of Varaždin County Predrag Štromar pointed out that this is a new project for entrepreneurs microloans, whose main bearer and coordinator is the Varaždin County, and during the signing mr. Štromar expressed his gratitude to all the districts and cities that have involved themselves in the project: „I am especially glad that the importance of this project has been recognized by 17 municipalities that have entered this project with interest subventioning, assisting their entrepreneurs directly. It is the first independent line of the County, an in this loan financing line, as opposed to the prior one, loans can be aproved to  service industries as well. Besides, our County will cofinance and additional 1% in the interest rate for craftsmen and women entrepreneurs, being the groups of special imporatnce for Varaždin County.“, pointed out the County Prefect.

    Signing the Agreement with the banks presents the continuance of the County support in loan financing of SMEs under favourable conditions, with loan amounts from HRK 35.000,00 to HRK 200.000,00 and the maximum maturity of 5 years, with a possible grace period of 1 year included. Loans for working capital can be obtained to he amount of HRK 100.000,00, and in loan insuring Varaždin County Guarantee Agency and HAMAG have been included.
     
    The amount of HRK 5,0 million is provided for this program, and the tender is opened until the funds are used up in full.
     
    Loan applicants can be all subjects in small entrepreneurship, being craftsmen, physical entities in free trade, household farmings, small and medium enterprises, cooperatives, institutions and other subjects of small economy that are 100% owned by citizens of Republic of Croatia and that invest in the area of Varaždin County, non related to the head office location i.e. place of residence.
     

  • City of Ludbreg and Vaba bank Inc. Varaždin signed a contract on business cooperation
    11Mar
    Ludbreg, 10th May 2010  -  the Mayor of the City of Ludbreg Marijan Krobot and CEO of Vaba bank Inc. Varaždin Igor Čičak have signed today in the offices of the City of Ludbreg a Contract on business cooperation in loan financing entrepreneurs from the area of the City of Ludbreg - Program "Entrepreneur 3", through which Vaba bank Inc. will grant entrepreneurial loans to users by contracted terms, and the City of Ludbreg will subvention the agreed interest rate with 1% annualy for service and similar business activities, and with 2% for production business activities.

    The loans may be used by small and medium companies, craftsmen, cooperatives, institutions, physical entities engaging in open professions and household farmings.

    Loans will be approved in the minimum amount of 5.000,00 EUR, calculated in HRK on the date of the loan approval, with an FX clausule. The maximum amount is not determined and depends on the quality of the business project and is determined by the Committee, i.e. the Bank, according to the credit ability and quality of the client. Loans are granted with a fixed interest rate from 6% to 7% annualy for the purchase, construction, restoration or expansion of business facilities and the associated land, as well as for the reconstruction of infrastructure, purchase of equipment or parts of equipment, purchase of vehicles in the function of business activities, obtainment of machinery and equipment for agriculture, puchase of breeding cattle, agricultural land and for working capital.

    This project will become active immediately after the signing of the contract, i.e. after the issuing of the public tender, and it will be conducted with Vaba bank until the fund of HRK 2,5 million is spent (the amount is agreed by the signed Contract on business cooperation).

    The application form for the loan can be downloaded from the web pages of Vaba bank Inc. Varaždin, or taken over in the Administrative Office of the City of Ludbreg or in the Vaba branch in Ludbreg, on the address Kardinala Franje Kuharića 14.
    Filled out forms, along with all required documentation, are admitted in the VABA branch in Ludbreg or in the Department of Craftsmenship and Small Entrepreneurship in Head Ofiice of the Bank, Aleja kralja Zvonimira 1, Varaždin.
  • Vaba bank Inc. Varaždin achieved a net profit of HRK 5,1 million in 2009
    4Feb

    Varaždin, 4th February 2010 – according to the unaudited and temporary financial statements that have been published today on the Zagreb Stock Exchange, Vaba bank Inc. Varaždin achieved in 2009 a net-profit in the amount of HRK 5,1 million, while the total assets of the Bank on the 31st December 2009 came to HRK 1,2 billion.

    Net interest revenues achieved in 2009 increased by 18,1% compared to the previous year and amounted to HRK 40,2 million, while the total revenues came to HRK 59,3 million presenting a growth of 56,7% compared to 2008. 

    Total Bank's equity on the 31st December 2009 was HRK 154,4 million and has been increased by HRK 18,2 million compared to the HRK 136,2 million from the end of year 2008.

    Loan portfolio on the 31st December 2009 came to HRK 810,1 million, while total deposits were HRK 950,1 million. Retail deposits have been increased in 2009 by HRK 150 million and came to HRK 627,6 million on the last day of 2009.

    From its foundation to this day Vaba bank Inc. Varaždin achieved a significant growth and developed a wide network of branches and financial centres. Bank today operates through four financial centres and 11 branches located in 5 counties.

     

     

  • VABA bank Inc. Varaždin has signed a Contract on the promotion of theatre art with the Croatian National Theatre in Varaždin
    29Jan

    29th January 2010, Varaždin – A Contract on the promotion of theatre art between Vaba bank Inc. Varaždin and Croatian National Theatre in Varaždin has been signed today.

    After a successful cooperation with the Croatian National Theatre in the organization of the Inva Mula concert in Varaždin, in December 2009, Vaba bank Inc. Varaždin decided to continue taking part in the promotion of theatre culture in Varaždin and to encourage the work of Croatian National Theatre in Varaždin.

    Croatian National Theatre is obliged to ensure about 100 premier, rerun and hosting acts in 2010, realized with the most quality artistic performances.

    Based on this contract Vaba bank Inc. Varaždin has obtained the status of a "Croatian National Theatre in Varaždin sponsor".

     

  • New favourable credit line for entrepreneurs
    27Jan
    With the goal to stimulate and advance existing businesses of craftsmen, small and medium enterprises and cooperatives, Vaba bank Inc. Varaždin has signed for a third year in a row a contract on the implementation of the project "Local development projects - Microloans" for 2009, on the 18th December 2009, as a business partner and companion with the Ministry of Economy, Labour and Entrepreneurship and Varaždin County.

    The loans will be approved in the amounts from HRK 35.000,00 to HRK 200.000,00 with an FX clausule and maximum maturity to 5 years, with the possibility of a 1 year grace period, with an annual changeable interest rate of 8%, which comes to 6% for the final user after the 1% subvention both by the Ministry and Varaždin County. The approval fee is 1% of the loan's principal, and the loan fund is set at HRK 5 million.