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Zagrebacka Banka management board chairman resigns

Author Iskra Pavlova
Zagrebacka Banka management board chairman resigns Croatia's Miljenko Zivaljic at ZABA. Photo: ZABA

ZAGREB (Croatia), January 21 (SeeNews) - Croatia's largest lender, Zagrebacka Banka [ZSE:ZABA], a unit of Italian lender UniCredit, said on Tuesday the chairman of its management board, Miljenko Zivaljic, has resigned for personal reasons.

The resignation was submitted on January 20 and takes effect on January 21, Zagrebacka Banka (ZABA) said in a Zagreb bourse filing.

ZABA's supervisory board has named Romeo Collin, currently a supervisory board member, to temporary take over the vacated post, the statement said.  

Zivaljic was president of ZABA's management board since February 2015.

ZABA is the largest bank in terms of assets in the Adriatic country of some 4.1 million people.

Its shares traded down 1.49% at 66 kuna ($9.9/8.9 euro) on the Zagreb bourse by 11:00 CET on Tuesday.

(1 euro = 7.43781 kuna)