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CRKVENAC DISMISSES SLOVENE CLAIMS ABOUT LJUBLJANSKA BANKA

ZAGREB, Jan 9 (Hina) - Croatian Finance Minister Mato Crkvenac on Thursday strongly protested against statements by the Slovene government's representative in charge of succession to the former Yugoslavia, Rudolf Gabrovec, who said that Slovene financial experts had evidence proving that Slovenia had no obligations towards Croatian citizens who once had savings in Ljubljanska Banka.
ZAGREB, Jan 9 (Hina) - Croatian Finance Minister Mato Crkvenac on Thursday strongly protested against statements by the Slovene government's representative in charge of succession to the former Yugoslavia, Rudolf Gabrovec, who said that Slovene financial experts had evidence proving that Slovenia had no obligations towards Croatian citizens who once had savings in Ljubljanska Banka. #L# "This is a brazen attempt at manipulation, aimed at buying time at a moment when Slovene economic interests in Yugoslavia and Bosnia- Herzegovina face a realistic possibility of boycott and blockade," Crkvenac said at a regular government session. The minister claims that the ultimate goal of such statements is to stall the settlement of the issue of Ljubljanska Banka's debt to its clients as long as possible, regardless of how unfair that may be to Croatian depositors. "We therefore most strongly protest because the issue has not been settled yet, which suits Slovenia," Crkvenac said. The dispute does not contribute to the development of good relations between the two countries, Crkvenac said, voicing regret over this fact. "I hope for a more original formula which we could possibly discuss. There is nothing new in this case and we completely reject both this piece of news and this approach," the minister said. The Slovene official in charge of succession issues, Rudi Gabrovec, said on Wednesday that "in 1991 Croatia accepted the territorial principle of payment of foreign currency savings, as did Slovenia". Croatia has taken over obligations towards the clients of all banks that operated as legal persons in Croatia (for example, the clients of Podravska Banka, which was a legal person owned by Ljubljanska Banka), however, Ljubljanska Banka in Zagreb was a branch office of Ljubljanska Banka from Ljubljana, which was entirely responsible for its obligations, i.e. liabilities referring to depositors and their deposits. The head of the Croatian government's office for succession, Bozo Marendic, said the problem of foreign currency savings of Croatian citizens in Ljubljanska Banka was not part of the succession project as claimed by Slovene officials. "The problem of Ljubljanska Banka is not part of the succession project," Marendic told Hina when asked to comment on claims by Slovene officials that in 1991 Croatia had adopted a law recognising that foreign currency savings in Ljubljanska Banka were an obligation of the Croatian state. Croatian officials believe that the issue of Ljubljanska Banka is a matter of relations between the bank and its depositors. Assistant Croatian Finance Minister Hrvoje Radovanic, who since 1995 has participated in talks regarding the settlement of this issue, stated that it was not true that Croatia had accepted the territorial principle of payment of foreign currency savings. "That (principle) was accepted only by Slovenia and Yugoslavia," Radovanic said. Radovanic claims that Slovenia's interpretation has no basis in any law or regulation adopted by Croatia. (hina) rml sb

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