Luka Jagor | Blogger :: Digital Artist | 𝘳𝘶𝘯𝘯𝘦𝘳 · #𝘥𝘫 · 𝘩𝘰𝘣𝘣𝘺𝘪𝘴𝘵

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ Introduction The Croatian banking crisis of 1998-1999 shook the country's financial system and revealed deep structural weaknesses. Several banks collapsed completely, never returning to business. Unlike Dubrovačka banka or Croatia banka, which were rescued, the following institutions went bankrupt and disappeared from the market. Some banks showed irresponsible management… sometimes even criminal activity, granting a large part of their loans to connected persons, resulting in liquidity problems. Glumina Banka Glumina Banka was one of the first major casualties. By mid-1998, its potential losses were several times higher than its capital base. Payment obligations were repeatedly missed, and the Croatian National Bank (CNB) refused to support its rehabilitation. In March 1999, bankruptcy proceedings were officially launched, ending the bank's operations. Komercijalna Banka (Zagreb) Komercijalna Banka face...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ The late 1990s marked one of the most turbulent periods in Croatia's financial history. Between collapsing banks, fraudulent savings schemes, and betrayed depositors, the trust in financial institutions was shaken to its core. The 1998–1999 banking crisis not only wiped out fortunes but also reshaped the country's economic landscape for years to come.   Banking Crisis 1998–1999: Background to the Collapse By the end of the decade, Croatia's banking system was under immense pressure. Weak oversight, politically appointed managers, and risky lending practices had turned several financial institutions into ticking time bombs. In 1998–1999 alone, eight banks were pushed into bankruptcy —including Glumina, Gradska, Komercijalna, and Vukovarska banka—while Dubrovačka and Croatia banka had to be rescued through state-funded bailouts. This cascade of failures eroded public confidence, with billions of kuna drained in ...