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CROATIAN BANKS PREPARED TO COPE WITH Y2K

ZAGREB, Oct 21 (Hina) - A regular session of the Croatian SWIFT group, held on Thursday in Zagreb, revolved around the situation in the inter-bank SWIFT network in Croatia and problems which the world banking system is facing at the moment. Results of tests and preparations of Croatian banks for the Year 2000 problem were presented at the session. According to results of testing, all Croatian banks are ready for the Year 2000 date change. Present at Thursday's session were representatives from 55 Croatian banks and savings banks. For ten years Croatia has been conducting international banking operations by the help of SWIFT. Since this April many payments by kuna have been done through SWIFT. Croatia's SWIFT Group was established in 1992. Guests at Thursday's session were SWIFT co-ordinators for Austria, Croatia, Hungary, Slovakia and Slovenia and a member of SWIFT Management, Helmut Mialkovi
ZAGREB, Oct 21 (Hina) - A regular session of the Croatian SWIFT group, held on Thursday in Zagreb, revolved around the situation in the inter-bank SWIFT network in Croatia and problems which the world banking system is facing at the moment. Results of tests and preparations of Croatian banks for the Year 2000 problem were presented at the session. According to results of testing, all Croatian banks are ready for the Year 2000 date change. Present at Thursday's session were representatives from 55 Croatian banks and savings banks. For ten years Croatia has been conducting international banking operations by the help of SWIFT. Since this April many payments by kuna have been done through SWIFT. Croatia's SWIFT Group was established in 1992. Guests at Thursday's session were SWIFT co-ordinators for Austria, Croatia, Hungary, Slovakia and Slovenia and a member of SWIFT Management, Helmut Mialkovits. (hina) mm ms

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