November 13 (SeeNews) - Croatia's Zagrebacka Banka (ZABA) [ZSE:ZABA], part of Italy's UniCredit Group, said on Wednesday it is naming Dalibor Cubela as its new general manager and deputy head of the bank's executive board.
Cubela will replace Claudio Cesario who will continue his career at UniCredit Group but outside ZABA, the Croatian lender said in a statement filed with the Zagreb bourse.
Cesario will step down as ZABA's general manager on January 1, 2020, while the date on which Cubela will take over the post will be announced later, the statement said.
ZABA reported last month that its consolidated net profit fell 12.4% on the year to 1.57 billion kuna ($232 million/211 million euro) in the first nine months of 2019.
It is the largest bank in terms of assets in the Adriatic country of some 4.1 million people.
Its shares traded flat at 61 kuna on the Zagreb bourse by 1320 CET on Wednesday.
(1 euro = 7.4446 kuna)
Zagrebacka Banka d.d. is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here