Banking Crisis 1998–1999: Bankrupt and Disappeared
α΄΅βΏ α΅αΆ¦α΅α΅Λ’ α΅αΆ αΆΛ‘αΆ¦α΅α΅α΅α΅ α΅α΅α΅Κ³α΅α΅βΏαΆΚΈ 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 DubrovaΔka 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...