ZAGREB, Feb 26 (Hina) - As of next Monday, March 1, the Croatia Banka will resume operating as usual and as of Friday, February 26, the bank's drawing account will be unblocked, the bank's temporary manager Adolf Matejka said today.
The decision for the Croatia Banka to resume operating is based on the assessment by the Croatian National Bank (HNB) that the Croatia Banka is solvent. According to the HNB's assessment, the current liquidity problems are the result of time difference between immediate liabilities and claims and the erosion of trust in the banking system, but can be overcome with a short-term loan from the central bank. Matejka was appointed temporary manager of the Croatia Banka by the HNB advisory board on February 23. With the assistance of the HNB, Matejka is to secure the normal functioning of the Croatia Banka, which is why he has taken over all the powers of the Management, Supervisory Board and
ZAGREB, Feb 26 (Hina) - As of next Monday, March 1, the Croatia Banka
will resume operating as usual and as of Friday, February 26, the
bank's drawing account will be unblocked, the bank's temporary
manager Adolf Matejka said today.
The decision for the Croatia Banka to resume operating is based on
the assessment by the Croatian National Bank (HNB) that the Croatia
Banka is solvent. According to the HNB's assessment, the current
liquidity problems are the result of time difference between
immediate liabilities and claims and the erosion of trust in the
banking system, but can be overcome with a short-term loan from the
central bank.
Matejka was appointed temporary manager of the Croatia Banka by the
HNB advisory board on February 23. With the assistance of the HNB,
Matejka is to secure the normal functioning of the Croatia Banka,
which is why he has taken over all the powers of the Management,
Supervisory Board and the Main Assembly.
(hina) jn rml