The monumental bank palace situated at one of the busiest intersections in the narrow city centre is a representative work by the architect Hugo Ehrlich.
It was presented as part of the national architectural selection at the Exposition Internationale des Arts Decoratifs et Industriels Modernes world exhibition in Paris in 1925. The construction of the commercial-residential Slavic Bank building, later National Mortgage Bank building, lasted from 1921 to 1923. The designer, famous architect Hugo Ehrlich, is also the author of the so-called ‘Little Vatican’, so it can be said that, along with his fellow architects Drago Ibler and Ivan Vitić, Erhlich has left a significant mark on the previous and current look of that part of Zagreb. The building is one of his many valuable accomplishments in bank palace typology, for which he has earned worldwide recognition.