Croatian National Bank: Restrictions on Distributions

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As a measure to maintain stability of the Croatian financial system during Covid-19, the Croatian National Bank has issued Decision to Temporarily Restrict Payment of Distributions which entered into force on 16 January 2021. Under the said Decision, credit institutions are imposed limitations with regard to payment of distributions, including payment of dividends, imposing obligations to pay dividends, treasury stock repurchase, awarding of variable remuneration and other types of distributions.

The Croatian National Bank shall closely monitor the health and economic situation and shall at the latest by 30 September 2021 review the reasons that led to this Decision and may accordingly revoke the Decision before its envisaged expiry.