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TOMCIC: INFORMATION ON POSSIBLE PROBLEMS IN TWO BANKS UNFOUNDED

ZAGREB, April 15 (Hina) - Croatian Parliament speaker Zlatko Tomcic on Monday dismissed information on possible problems in another two Croatian banks, saying the reports were unfounded.
ZAGREB, April 15 (Hina) - Croatian Parliament speaker Zlatko Tomcic on Monday dismissed information on possible problems in another two Croatian banks, saying the reports were unfounded. #L# "I do not know where the information on possible problems in the Commercial Bank Zagreb (PBZ) and the Splitska Banka came from, it is completely unfounded," Tomcic said on Croatian Radio. There is no danger of the Rijecka Banka scandal reoccurring in some other bank, he said. Tomcic described as unfortunate claims made by some officials on possible problems in the baking sector and urged more caution when addressing such matters. Tomcic said that the scandal in Rijecka Banka could have been prevented had there been quality control and a more adequate response by the Croatian National Bank to anonymous reports on suspicious dealings in the bank. Tomcic believes that the price at which Rijecka Banka was sold is good. The bank's sale does not mean the end of the investigation into the circumstances of the scandal. The investigation must help answer all questions, from the management's role to the quality of internal control and whether the HNB could have prevented the scandal by acting on time, he said. (hina) rml

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