The two-day visit of the representatives of the Single Resolution Board to the Republic of Croatia and the Croatian National Bank started today. The delegation led by Dominique Laboureix, Chair of the Single Resolution Board, is hosted by Governor Boris Vujčić on behalf of the Croatian National Bank.

The Croatian National Bank, as the national resolution authority for credit institutions, was visited by a delegation of the Single Resolution Board led by Dominique Laboureix, Chair of the Single Resolution Board. Members of the delegation included Jesus Saurina Salas, a member of the board of the Single Resolution Board and Daniel McCarthy, one of the heads of unit in charge of resolution planning.

In addition to the meeting with Governor Boris Vujčić, the two-day visit is marked by a series of meetings, the most important of which is the meeting with the Minister of Finance Marko Primorac and the meeting with the presidents of the largest Croatian banks that are under the direct remit of the Single Resolution Board. The central topic of all meetings is the exchange of the latest information on the banking system, macroeconomic indicators and resolution issues, as well as the assessment of the possible impact of events in the environment on the Croatian banking system.

Dominique Laboureix, Chair of the Single Resolution Board, after the meetings at the Croatian National Bank said: "It was a great pleasure to meet with the Croatian National Bank, one of our key partners in the Single Resolution Mechanism. By working together, we ensure that resolution decisions are made efficiently and effectively across participating Member States of the Banking Union, while avoiding negative impacts on financial stability and the need for public financial support. We appreciate the trust and cooperation we've established and look forward to continuing our joint efforts towards a more resilient banking system."

On the occasion of the meeting, Governor Vujčić stated: "We are truly pleased for having the opportunity to meet with the representatives of the Single Resolution Board and continue our successful cooperation. Within the frame of the regular annual dialogue, the visit by the representatives of the Single Resolution Board and also the first visit by SRB Chair, Mr. Laboureix, has further enhanced the relationship between our institutions, aiming to maintain the resilience of the financial system. Furthermore, we appreciate the trust that has been established between the Croatian National Bank and the Single Resolution Board, following the exceptional cooperation during the process of the resolution of Sberbank d.d., which provided an excellent foundation for further preservation of the stability of the Croatian banking system."