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CENTRAL BANK DENIES THAT IT KEPT DATA ON TRANSACTIONS SECRET

ZAGREB, March 27 (Hina) - The Croatian National Bank (HNB) on Monday rejected insinuations that it had kept secret information about Croatian banks' transactions abroad. The central bank repudiated allegations published by some media that it had refused to forward data on such transactions to a former Finance Minister, Borislav Skegro, which he asked for the work of a working group called "money hunters" and for the work of the finance police. According to a lengthy statement the national bank released today, Skegro's request for such data was excessive for processing by computers and vague so that the bank was not capable of responding to it. However, "after representatives of the finance police made their request for data more concrete, the Croatian National Bank, enabled them to get an insight into a relevant part of the data base," the statement read. Concerning Skeg
ZAGREB, March 27 (Hina) - The Croatian National Bank (HNB) on Monday rejected insinuations that it had kept secret information about Croatian banks' transactions abroad. The central bank repudiated allegations published by some media that it had refused to forward data on such transactions to a former Finance Minister, Borislav Skegro, which he asked for the work of a working group called "money hunters" and for the work of the finance police. According to a lengthy statement the national bank released today, Skegro's request for such data was excessive for processing by computers and vague so that the bank was not capable of responding to it. However, "after representatives of the finance police made their request for data more concrete, the Croatian National Bank, enabled them to get an insight into a relevant part of the data base," the statement read. Concerning Skegro's request, the HNB said preparations for an answer, owing to a great volume of the data, would take one month. In addition, the registered information, which Skegro asked for, about payment operations with foreign countries, and which the Bank has, is a "source of data for compiling statistics about the balance of payments. This means that those are statistical data and generally they are not analysed, neither checked nor do they present a reliable indicator," read the statement. (hina) jn ms

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