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Zagreb, Belgrade banks sign agreement on Croatian exports to Serbia-Montenegro

ZAGREB, May 31 (Hina) - CEOs of Privredna Banka Zagreb, as the loan giver, and Belgrade's Commercial Bank, as the beneficiary, signed in Zagreb on Wednesday a framework agreement on the financing of Croatian exports to Serbia and Montenegro.
ZAGREB, May 31 (Hina) - CEOs of Privredna Banka Zagreb, as the loan giver, and Belgrade's Commercial Bank, as the beneficiary, signed in Zagreb on Wednesday a framework agreement on the financing of Croatian exports to Serbia and Montenegro.

This is the first such agreement between two banks from the two countries.

The Commercial Bank is the leading commercial bank in Serbia. The European Bank for Reconstruction and Development recapitalised it in March, acquiring a 25-per cent share.

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