LJUBLJANA, Feb 1 (Hina) - The Ljubljanska Banka announced on Thursday it would respect its obligations toward Croatian and other clients but it currently did not have funds which it could use to pay the old foreign currency savings
deposited in the former Ljubljanska Banka Zagreb. The president of the bank's management board, Borut Ozura, said in a statement the situation the bank had found itself in was a consequence of the break-up of the former Yugoslav federation and that the process of financial reorganisation would be completed once the inheritance of the former state was divided in the succession process. The bank will then be able to seek its claims from the former National Bank of Yugoslavia (NBJ), which it will use to pay its obligations toward its clients, he said. Ljubljanska Banka hopes that the process of harmonising stands on the division of joint assets will start a
LJUBLJANA, Feb 1 (Hina) - The Ljubljanska Banka announced on
Thursday it would respect its obligations toward Croatian and other
clients but it currently did not have funds which it could use to pay
the old foreign currency savings deposited in the former
Ljubljanska Banka Zagreb.
The president of the bank's management board, Borut Ozura, said in a
statement the situation the bank had found itself in was a
consequence of the break-up of the former Yugoslav federation and
that the process of financial reorganisation would be completed
once the inheritance of the former state was divided in the
succession process. The bank will then be able to seek its claims
from the former National Bank of Yugoslavia (NBJ), which it will use
to pay its obligations toward its clients, he said.
Ljubljanska Banka hopes that the process of harmonising stands on
the division of joint assets will start at an upcoming meeting of
representatives of Yugoslav successor-states, which should be held
in Ljubljana in February under the chairmanship of Arthur Watts.
(hina) sb rml