The President of the Management Board of the Croatian Bank for Reconstruction and Development Hrvoje Čuvalo has been re-elected Member of the Administrative Board of the European Association of Public Banks (EAPB), one of the most important European associations of state-owned development banks.
The new Administrative Board of EAPB was elected at the end of last week at the association's General Assembly, and it consists of nine members with a mandate of two years. The re-election of the President of HBOR Management Board is a great acknowledgement both to his work and contribution to the association so far, as well as to the active role of HBOR and the Republic of Croatia in the European network of public and development banks.
This year's elections have also brought several changes to the EAPB's management structure. After two mandates at the head of the association, the current President, Lidwin van Velden from the Dutch NWB Bank, has been succeeded by Gabriela Pantring, Chief Executive Officer of the German NRW Bank. New members Elvira Eurlings from NWB Bank and Andrea Mascetti from the Italian bank Finlombarda S.p.A. have also been elected to the Administrative Board.
In the new two-year mandate of the EAPB Administrative Board, three key strategic priorities are defined: security and competitiveness, social resilience, including affordable housing and energy transition, as well as sustainable investments aimed at green and digital transformations.
"I am particularly honoured to have been re-elected as a member of the EAPB Administrative Board and I thank the members of the association for their trust. During the new two-year mandate, we will continue to work on strengthening the role of public and development banks in fostering sustainable economic development, strengthening the competitiveness of the European economy and responding to increasingly complex social and geopolitical challenges," said Hrvoje Čuvalo, President of the HBOR Management Board.
HBOR, as a member of the EAPB, has been actively participating in the work of the association since 2007 with the aim of maintaining regular communication with other development and public banks, exchanging experiences and knowledge, and monitoring new regulatory frameworks and global financial initiatives. 53 HBOR employees participate actively in the EAPB's expert working bodies.
The European Association of Public Banks was established in 2000 to represent the interests of development banks and European state-owned banks. It currently has 28 members and represents directly and indirectly more than 90 financial institutions with the balance sheet total of EUR 3.500 billion and a market share of around 15% in the European financial sector.
.jpg?vel=345507)