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SABOR DISCUSSES BILL ON SAVINGS AND LOAN COOPERATIVES

ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday discussed two finance-related bills under which savings and loan cooperatives would be able to conduct money transfers for their members.
ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday discussed two finance-related bills under which savings and loan cooperatives would be able to conduct money transfers for their members. #L# With the bills, the government envisaged the possibility for co-ops to conduct money transfers only if they sign a contract with a commercial bank. The majority of the parliamentary benches announced they would support the bill. The majority, however, also supported an amendment moved by the Croatian Party of Rights (HSP), allowing co- ops to conduct money transfers for their members regardless of whether they have a contract with a commercial bank or not. The government is expected to accept the amendment and divest itself of the influence of "banking lobbies". (hina) sp sb

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