POREC, May 8 (Hina) - The primary purpose of the Croatian National Bank's (HNB) steps of January was not only to restrict the growth of commercial banks' loans to 16 percent, but chiefly to prevent last year from reoccurring. In 2002,
loans exceeded 30 percent, increasing banks' foreign debts by $1.4 billion, HNB governor Zeljko Rohatinski said at the opening of the two-day sixth conference called Croatian Monetary Market in Porec Thursday.
POREC, May 8 (Hina) - The primary purpose of the Croatian National
Bank's (HNB) steps of January was not only to restrict the growth of
commercial banks' loans to 16 percent, but chiefly to prevent last
year from reoccurring. In 2002, loans exceeded 30 percent,
increasing banks' foreign debts by $1.4 billion, HNB governor
Zeljko Rohatinski said at the opening of the two-day sixth
conference called Croatian Monetary Market in Porec Thursday. #L#
Rohatinski said the HNB's steps to restrict banks' loans to a rate
of 16 percent this year would not significantly affect the real
sector.
The attempt of banks to evade some of the decisions with leasing,
assignments, clearance, etc. will be sanctioned by the HNB, said
Rohatinski.
The conference Croatian Monetary Market is organised by Zagreb's
Faculty of Economy and the TEB-Poslovno savjetovanje business
consulting company. It gathered around a hundred representatives
from the financial sector.
(hina) lml sb