ZAGREB, Dec 17 (Hina) - In line with a decision by the Croatian National Bank (HNB) Council, Comit Holding International S.A. Luxembourg was given HNB's approval to take over 66.3 per cent of shares with the right of vote in the
Privredna Banka Zagreb (PBZ) shareholders' meeting, the HNB said in a statement on Friday.
ZAGREB, Dec 17 (Hina) - In line with a decision by the Croatian
National Bank (HNB) Council, Comit Holding International S.A.
Luxembourg was given HNB's approval to take over 66.3 per cent of
shares with the right of vote in the Privredna Banka Zagreb (PBZ)
shareholders' meeting, the HNB said in a statement on Friday. #L#
On the basis of the presented documentation and in line with an
agreement signed with the State Agency for Savings Insurance and
Reorganisation of Banks, which is the party selling the PBZ, it was
established that Comit Holding International, whose 100 per cent
owner is the Milan-based Banca Commerciale Italiana (BCI) from
Milan, fully guarantees for the commitments of the future majority
owner of one of Croatia's largest banks.
According to the Law on the Rehabilitation and Reorganisation of
Banks, this ownership change completes the process of PBZ's
financial reorganisation, the HNB said in the statement.
Bearing in mind these facts, as well as that according to last
year's business indicators Banca Commerciale Italiana was one of
the leading Italian banks, that it had a high credit rating with
leading international agencies for assessing credit rating, and
that Italy has been Croatia's most important trade partner for a
number of years, the HNB Council decided that there was no reason to
withhold its approval, the statement read.
(hina) rml