Croatia’s Banks Emphasize Ethics, Transparency in Conduct Code

Code of Conduct Aims to Promote Ethical Behavior Among Employees

The Croatian National Bank has issued a comprehensive Code of Conduct, aimed at promoting ethical behavior among its employees. This code aligns with Eurosystem and Single Supervisory Mechanism standards.

Key Principles of the Code of Conduct

• Responsible conduct
• Professionalism
• Transparency
• Equality
• Diversity
• Inclusion

Employee Expectations

Employees are expected to:

• Avoid conflicts of interest
• Adhere to professional secrecy
• Refrain from accepting gifts or advantages related to their work

Best Practices for Business Partners

To maintain objectivity and independence, the bank urges business partners not to offer gifts to its employees. Private financial transactions must be conducted lawfully, with caution and restraint.

Compliance Office: Ensuring Employee Adherence

The Compliance Office takes on responsibility for promoting employee adherence to ethics principles and overseeing implementation. This includes:

• Conducting direct compliance checks
• Reporting any instances of non-compliance

Harmonization with EU Institutions’ Ethics Frameworks

The Code of Conduct incorporates European Central Bank guidelines, ensuring harmonization with other EU institutions’ ethics frameworks.

Objectives of the Code of Conduct

• Preservation of public reputation
• Confidence in the bank