Hrvatska poštanska banka dd : HPB dd – Information on the change in the business model for debt securities
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529900D5G4V6THXC5P79 |
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HRVATSKA POŠTANSKA BANKA dd |
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Republic of Croatia |
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IT’S INSIDE |
HRHPB0RA0002 |
Attackćeva street 4, HR-10000 Zagreb |
Stock market |
HPB-RA |
Phone: +385 1 4804 400, +385 1 4804 409 |
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Arranged market/ |
Zagreb Stock Exchange dd |
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Fax: +385 1 4810 773 |
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Official market |
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Zagreb, November 23, 2022
Number: F00-124/22-SS
Zagreb Stock Exchange dd
Croatian Financial Services Supervision Agency (“HANFA”)
Croatian news agency OTS HINA
Subject: HRVATSKA POŠTANSKA BANKA dd
- Inside information
- Information on the change in the business model for debt securities
HRVATSKA POŠTANSKA BANKA, joint-stock company, Zagreb, Jurišićeva street 4 (hereinafter: the Bank), informs the investment public that the Bank’s Management Board has made a decision to change the business model for debt securities that the Bank currently has in possession for collection and the business model of sales for holding for collection.
By changing the business model, the Management Board of the Bank consequently approved the reclassification of the portfolio of securities that were classified in keep collecting and selling business model for keep for collection in accordance with Article 4.4.1 of the International Financial Reporting Standard 9 (IFRS 9): Financial instruments.
According to Article B 4.4.2. from IFRS 9: Financial instrumentsthe date of accounting reclassification of financial instruments was set on October 1, 2022, which is the first day after the reporting period in which the business model changed.
The financial effects of the change in the business model, i.e. the aforementioned reclassification of the portfolio, consist of a decrease in debt securities at fair value through other comprehensive income (AOP 019) by HRK 2,879 million, an increase in debt securities at amortized cost (AOP 022) by HRK 3,110.6 million HRK and an increase in accumulated other comprehensive profit (AOP 059) in capital and reserves by HRK 231.6 million, which will be visible in the next reporting period on December 31, 2022.
Hrvatska poštanska banka dd
Hrvatska poštanska banka, dd ⋅ Attackćeva street 4, 10000 Zagreb, Croatia ⋅ Phone: 072 472 472 ⋅ [email protected] ⋅ www.hpb.hr
Management of the Bank: Marko Badurina, president ⋅ Anto Mihaljevićmember ⋅ Ivan Soldo, member ⋅ Chairman of the Supervisory Board:
Marijana Milichević ⋅ IBAN: HR46 2390 0011 0700 0002 9 ⋅ SWIFT: HPBZHR2X ⋅ OIB: 87939104217 ⋅ Registered in Zagreb Commercial
Court number MBS: 080010698 ⋅ Share capital HRK 1,214,775,000.00, divided into 2,024,625 ordinary shares with a nominal value of HRK 600.00 (paid in full)