ZAGREB, Sept 11 (Hina) - The Croatian National Bank (HNB) on Wednesday discussed the latest economic and fiscal movements, a report on managing international reserves in the first half of this year, approved the founding of a new
savings bank and approved the appointment of fifteen members and presidents of boards in banks, the HNB reported.
ZAGREB, Sept 11 (Hina) - The Croatian National Bank (HNB) on
Wednesday discussed the latest economic and fiscal movements, a
report on managing international reserves in the first half of this
year, approved the founding of a new savings bank and approved the
appointment of fifteen members and presidents of boards in banks,
the HNB reported. #L#
Available macro-economic indicators show that prices and the
exchange rate are stable. Retail prices in August were 0.1 per cent
lower than in July and 1.2 per cent higher than in the same period
last year. Considering the latest price increases of some utility
services and power supply it can be expected that the total
inflation rate for the year will remain quite low. The key
precondition to realise this expectation is for oil prices on the
world market not to jump drastically.
This year there was no need for the usual seasonal interventions by
the central bank on the foreign exchange market in order to relieve
exchange rate oscillations: in July there was none and in August
only one intervention with the purchase 47.2 million euros while
last month there were no interventions.
As expected, the banking system is showing a continuing growth in
deposits. The liquidity of the banking system is good.
Privredna Bank d.d. Zagreb was approved to establish the PBZ
Savings bank. Unicredito Italiana SpA was given approval to gain 80
percent of the shares in Cassa di Risparmio di Trieste - Banca d.d.
Zagreb which until now was indirectly owned by the same banking
group.
(hina) sp it ha