SPAJANJA I PRIPAJANJA KAO NAČIN ULASKA NA STRANO TRŽIŠTE BANKOVNOG SEKTORA

master's thesis

• Title (english): MERGERS AND ACQUISITIONS AS A METHOD OF ENTERING THE FOREIGN MARKET IN THE BANKING SECTOR
• Author: Karmen Đurić
• Mentor: Maja Bašić (mentor); MBZ: 312982
• Committee member: Jakša Krišto (predsjednik povjerenstva)
• Committee member: Martina Nakić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2019-11-11, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Spajanja i pripajanja predstavljaju integriranja dviju ili više banaka u novi subjekt. Proces uključuje analizu i pronalazak odgovarajuće banke, pregovore oko uvjeta te sklapanje ugovora. Integracije banaka vođene su različitim motivima poput povećanja profitabilnosti, osvajanja novih komitenata, ali i ulaska na nova tržišta koji može imati pozitivne učinke kroz pristup novim tehnologijama i znanjima ili negativne u vidu stvaranja ˝banaka prevelikih da propadnu˝. Posebnu ulogu imaju izravna inozemna ulaganja koja bankama omogućuju kupnju postojećih ili osnivanja novih banaka. Ocjena uspješnosti daje se analizom financijskih pokazatelja poput povrat na imovinu i dionički kapital, neto kamatne marže, praćenjem prinosa na dionice ili ekonomske dodane vrijednosti. Intesa Sanpaolo grupa na konsolidiranoj razini ostvaruje pozitivne rezultate nakon integriranja, uz nešto lošije rezulate u početnim godinama zbog utjecaja financijske krize. Integracije hrvatskih banaka rezultat su privatizacije, stečaja i likvidacija, a u novije vrijeme jačanja tržišne pozicije. Spajanje OTP i Splitske banke, kao jedno od posljednjih, bilo je potaknuto povećanjem tržišnog udjela.

Abstract (english)

Mergers and acquisitions represent the integration of two or more banks into a new entity. The process involves analyzing and finding the right bank, negotiating terms and conclusion of the contract. Bank integrations are driven by different motives such as increasing profitability, winning new clients, but also entering new markets, which can have positive effects through access to new technologies and knowledge or negative in the form of “too big to fail” banks. Foreign direct investment plays a special role in enabling banks to buy existing or establish new ones. Performance appraisal is provided by analyzing financial indicators such as return on assets and share capital, net interest margins, tracking stock returns or economic added value. At the consolidated level, the Intesa Sanpaolo Group has achieved positive results after integration, with slightly worse results in the initial years due to the impact of the financial crisis. The integrations of Croatian banks are the result of privatization, bankruptcy and liquidation, and more recently as a way of strengthening the market position. The merger of OTP and Splitska banka, as one of the latest, was fueled by an increase in market share.

• Keywords: spajanja i pripajanja; banke ˝prevelike da propadnu˝; izravna inozemna ulaganja; analiza financijskih pokazatelja; privatizacija
• Keywords (english): mergers and acquisitions; ˝too big to fail˝ banks; foreign direct investments; analysis of financial indicators; privatization
• Language: croatian
• URN:NBN: urn:nbn:hr:148:621605
• Study programme: Title: Business Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to authenticated users
• Created on: 2019-11-11 15:10:08