ZAGREB, May 22 (Hina) - The Dubrovacka Bank d.d. assembly which took place in Dubrovnik on Monday formally completed the successful rehabilitation of the bank which will continue normal business. Participants of the assembly decided
on an issue of stock of 185 million kuna (US$21.26 million), and all the shares have been turned over to the State agency for securing savings investments and the rehabilitation of banks (DAB), as the only shareholder, the DAB said in a statement Monday. The bank accepted any for the most part implemented the rehabilitation and restructuring plan , and the bank is prepared for the final step in restructuring -- privatisation, which, the DAB believe, is possible to carry out by the end of this year. DAB recalled that in line with decisions of the Government of April 20, 1998 and January 28, 1999, it had been decided that the Dubrovacka Bank should be rehabilitated and restructured. The s
ZAGREB, May 22 (Hina) - The Dubrovacka Bank d.d. assembly which took
place in Dubrovnik on Monday formally completed the successful
rehabilitation of the bank which will continue normal business.
Participants of the assembly decided on an issue of stock of 185
million kuna (US$21.26 million), and all the shares have been
turned over to the State agency for securing savings investments
and the rehabilitation of banks (DAB), as the only shareholder, the
DAB said in a statement Monday.
The bank accepted any for the most part implemented the
rehabilitation and restructuring plan , and the bank is prepared
for the final step in restructuring -- privatisation, which, the
DAB believe, is possible to carry out by the end of this year.
DAB recalled that in line with decisions of the Government of April
20, 1998 and January 28, 1999, it had been decided that the
Dubrovacka Bank should be rehabilitated and restructured. The
state's interest for its rehabilitation and its survival as a
precondition for the maintenance of the economy of Dubrovnik-
Neretva County had been established as a state's interest.
(hina) lml mm