PULA, March 29 (Hina) - The Istarska bank's temporary trustee Boris Busac on Wednesday received Istria County Prefect Stevo Zufic, in the bank's offices in Pula. Prefect Zufic presented a proposal for speedy rehabilitation of the
Istarska bank. After the talks, Zufic told reporters that he had notified the trustee Busac of the concrete expedient programme for the recovery of this bank. The programme, drafted by county authorities, has been also forwarded to Croatia's Premier and the central bank's Governor. The aim of these measures is that on Monday the bank can resume all its functions, but in the first period the payment of money to depositors should be reduced, Zufic explained. The programme includes urgent measures aimed at improving liquidity and ensuring rather high means for this purpose. There are also measures for improving the bank's solvency. During the talks Is
PULA, March 29 (Hina) - The Istarska bank's temporary trustee Boris
Busac on Wednesday received Istria County Prefect Stevo Zufic, in
the bank's offices in Pula.
Prefect Zufic presented a proposal for speedy rehabilitation of the
Istarska bank.
After the talks, Zufic told reporters that he had notified the
trustee Busac of the concrete expedient programme for the recovery
of this bank.
The programme, drafted by county authorities, has been also
forwarded to Croatia's Premier and the central bank's Governor.
The aim of these measures is that on Monday the bank can resume all
its functions, but in the first period the payment of money to
depositors should be reduced, Zufic explained.
The programme includes urgent measures aimed at improving
liquidity and ensuring rather high means for this purpose. There
are also measures for improving the bank's solvency.
During the talks Istrian Prefect insisted that the temporary
trustee be selected from officials of this bank in the manner the
County and the bank's supervisory board had proposed.
The trustee Busac supported the programme of measures and promised
to help implement it.
Asked by reporters about the destiny of the bank and depositors in
case the county's programme is not accepted, Prefect Zufic
predicted that the bank would then probably go into bankruptcy.
(hina) jn ms