Account statements per 31/12/2022 will be delivered in the currencies in which the client had movements. If movements were in the kuna, an account statement in the kuna will be delivered with the closing balance in the kuna.

Yes, during the first two weeks it will be possible to deposit proceeds both in the kuna and in the euro.

Remote locations will be allowed a longer term but the exact number of days has not been defined as yet.

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The first account statement in 2023 will be created at the moment of first account movement (according to the agreed frequency) and will show the initial balance in the euro, i.e. in the transaction currency (in the case of transactions in foreign currency).
The closing balance per 31/12/2022 in the kuna will be recalculated at the fixed conversion rate. The computed amount + any previous balance in the euro (if any) will represent the initial balance in the euro on the first created account statement in the year 2023. 

 

It will not be necessary to close the account or make annexes to agreements. 
RBA transaction accounts are multi-currency accounts and all currencies are under the same IBAN.  
 

Considering that RBA transaction accounts are multi-currency accounts, the converted HRK and the existing EUR balances will be merged and displayed under the same IBAN as they have been so far. 

The Bank will convert assets in the kuna at the fixed conversion rate to the euro automatically, in keeping with the Law on Introduction of the Euro and all governing bylaws.

 

 

Dual display of prices (DIC) is applicable only for consumers.

 

 

 

Considering that RBA transaction accounts are multi-currency accounts, there will be no change of the transaction account IBAN.  

 

Spending limits for debit cards of legal entities remain the same – they will be converted at the fixed conversion rate in keeping with the rules for recalculation and rounding. 

 

According to the principle of continuity of legal instruments, it will not be necessary to contract new Standing Order Agreement, or any annexe to the current one. 

 

Credit card limit in the kuna will be recalculated to the euro at the fixed conversion rate and in keeping with the rules for recalculation and rounding as under the Law on Introduction of the Euro as the Legal Currency in the Republic of Croatia.

Interest rate will remain the same, i.e. changeover to the euro does not affect the fixed interest rate during the validity period of such interest rate.

No. According to the principle of continuity of agreements and other legal instruments, numbers of accounts and cards as well as any and all conditions and provisions remain unchanged.

The card user is not required to take any actions.

The period of mandatory dual display begins on the first Monday in September, or on 05/09/2022, and it will end after the expiry of 12 months from the date of changeover to the euro, or on 31 December 2023. 

In the period of dual display, to the users of its services, the Bank will make available dual display for the following prices and other monetary expressions of value related to card business: 

• Fee tariffs  

• At ATMs  

•for cash withdrawals, the offered predefined amounts on the screen

•account balance for account balance requests if available on the screen and printout* 

*provided the cash is paid to a client whose account is managed by the ATM holder/user  

• for consumer loans in the kuna which have been granted or in offer prior to the day of changeover to the euro:  

• total loan amount and amount of instalment or annuity in the repayment plan and in the European Standardised Information Sheet (ESIS) or any other prescribed form whereby a consumer is provided information prior to contracting a loan agreement* 

*this obligation refers to dual display on the ESIS when contracting a credit card and to dual display on the repayment plan and in the ESIS when contracting a Micro loan

• in the annual kuna loan balance statement

• balance of the debt not yet due and of the debt due and outstanding* 

*in card business, this obligation refers to the annual Micro loan balance statement and the annual outstanding debt balance statement

According to the rules, before the changeover to the euro as the legal currency, the kuna amount will be followed by the euro amount. After the changeover to the euro as the legal currency, euro amounts will be displayed first, followed by kuna amounts. 

POS devices and webshops are not subject to the obligation to have dual price display (DIC) considering that the merchant is obligated to show this in the invoice issued to the client along with the payment slip/bill.

As of 01/01/2023, POS devices and webshops will display all amounts in the euro automatically.

As of 01/01/2023, all turnover accepted in 2022 with value date in 2023 will be converted to EUR at the fixed conversion rate.

According to the principle of continuity of legal instruments, existing loan agreements will continue to be in force and effect and require no changes as regards conversion to the euro. 
As on 01/01/2023, kuna loans and kuna loans with currency clause in the euro will be changed into euro loans automatically. All kuna amounts will be converted into the euro at the fixed conversion rate and repayment will continue in euros.  
As regards loans contracted at a fixed interest rate throughout the entire repayment period, such interest rate will not undergo change.  
Concerning loans contracted at a variable interest rate, the parameter at which such a variable interest rate was contracted will not change after changeover to the euro, save for the loans with the parameter pegged to the kuna (NRR (national reference rate), Treasury bond of the Ministry of Finance). After changeover to the euro, the parameter used to calculate the variable interest rate will be the one pegged to the euro, of the respective volume and maturity. 

An overdraft in the kuna (used and unused balance, as well as the agreed amount) will be converted to the euro at the fixed conversion rate. As the RBA transaction accounts are multi-currency accounts, the converted kuna and the existing euro account balances will be summed up. 
With respect to accounts with overdraft in use, for the amount of the existing euro balance, the balance of the used overdraft will be reduced, and the balance of the unused overdraft will be increased (up to the maximum agreed amount, converted to the euro).