ZAGREB, May 3 (Hina) - The Commercial Court in Zagreb on Friday April 30 initiated bankruptcy procedures against Glumina Bankand the Komercijalna Bank, union representatives of the two banks concerned reported on Monday. Bankruptcy
procedures were recommended by the Croatian National Bank because the said banks have been blockaded for some time now and it has been established that they are incapable of settling current obligations. Vedran Sinovcic was nominated at the executor for bankruptcy procedures against the Glumina Bank while Zlatko Micin will monitor bankruptcy procedures for the Komercijalna Bank. The executors immediately announced retrenchment of employees and the closure of all branches of the banks and their branch offices abroad, unionists reported. Some 230 people were employed by Glumina Bank and 118 in the Komercijalna Bank.(hina) sp jn
ZAGREB, May 3 (Hina) - The Commercial Court in Zagreb on Friday
April 30 initiated bankruptcy procedures against Glumina Bank
and the Komercijalna Bank, union representatives of the two banks
concerned reported on Monday.
Bankruptcy procedures were recommended by the Croatian National
Bank because the said banks have been blockaded for some time now
and it has been established that they are incapable of settling
current obligations.
Vedran Sinovcic was nominated at the executor for bankruptcy
procedures against the Glumina Bank while Zlatko Micin will monitor
bankruptcy procedures for the Komercijalna Bank.
The executors immediately announced retrenchment of employees and
the closure of all branches of the banks and their branch offices
abroad, unionists reported.
Some 230 people were employed by Glumina Bank and 118 in the
Komercijalna Bank.
(hina) sp jn