ZAGREB, April 12 (Hina) - A member of the Croatian National Bank (HNB) Council and independent economist, Mate Babic, told the central Croatian Television news Friday night that the sale of Rijecka banka to Vienna's Erste Bank, was
damaging to Croatia.
ZAGREB, April 12 (Hina) - A member of the Croatian National Bank
(HNB) Council and independent economist, Mate Babic, told the
central Croatian Television news Friday night that the sale of
Rijecka banka to Vienna's Erste Bank, was damaging to Croatia. #L#
"The selling of the banking system, by which more than 90 percent of
the banking market is in the hands of foreigners, is not good, and
this recent transaction is damaging for Croatia," Babic said.
Finally there was an opportunity "for a bank, with all the trouble,
to remain in the ownership of the state," Babic said. He added that
Rijecka banka needed "good management, not to be sold".
(hina) lml sb