The new HVB Central Profit Banka, a Member of HVB Group, started its operations on 1 October. The process of integrating HVB Bank and Central Profit Banka, which started after the acquisition of Central Profit Banka by Bank Austria Creditanstalt in October last year, has been successfully completed on the 30 September 2004.
The new bank is one of the leading banks on BH market with total assets of KM 780 million, 33 branches, more than 100,000 clients and a market share of 9%. The integrated bank will manage a branch network which covers whole Bosnia and Herzegovina and that will be constantly expanded.
This demanding project has been carried out in record time owing primarily to the exceptional efforts of employees of both banks and the cooperation with the main owner and strategic partner Bank Austria Creditanstalt. One of the most important steps of the integration was introduction of the new IT platform, system CORE 02 as well as modernization of the infrastructure where substantial capital has been invested. In addition the first branches have been refurbished and special attention has been given to the extensive training on the new system for all employees.
“With the successful integration, we have a fantastic starting position which is ensured by our motivated and well qualified employees. With the new, modern technology in place we will be able to offer our customers even better and faster services. This is what we will concentrate on”, said Alexander Zsolnai, CEO of the new bank.
“In the following 5 years, we will focus on our branch expansion strategy and a service model that puts the client even more in the center of the attention. We want to be where our clients are, and we want to offer them exactly what they need”, management board member Alfred Füsselberger said.
“We wish to express special thanks to our clients for their patience and understanding in moments that may have implied certain inconveniences, but were necessary due to the implementation of the new IT system”, Mr Zsolnai added.
The new managing board of HVB Central Profit Banka consists of the following members: Alexander Zsolnai / Chief Executive Officer, Dragan Kovaèeviæ / Chief Operating Officer, Alfred Füsselberger / Retail, Almir Krkaliæ / Corporate/INM and Armin Huber (Risk Management).