business
Prosperity Trust Bank opens a branch in Pulma
The Maj-owned bank's northern expansion brings it into STP Credit's home districts.
Prosperity Trust Bank opened a branch in central Pulma this week, its first in a district where STP Credit has long been the dominant lender.
The bank, owned by Maj Holdings, said it would offer payroll and deposit accounts to northern cooperatives and small firms. STP Credit’s chairman, Petar Czyhlarz, has previously used the bank’s clearing status to levy fees on Prosperity Trust’s transactions.
The Pulma branch will not issue foreign-currency derivatives, which the Bank of Zvonomir has at times restricted for the group. It will handle domestic clearing through the Digital Krejt.