PRIVREDNA BANKA ZAGREB PRESENTS ITS REORGANISATION PLAN

( Editorial: --> 1086 ) ZAGREB, March 20 (Hina) - Privredna Banka Zagreb (The Commercial Bank of Zagreb) hopes to be Croatia's leading financial institution whose market share will be much greater than its current 30 per cent, PBZ management board president Bozo Prka said on Friday. Prka was speaking at the presentation of the bank's new management board in the presence of many bankers, financial experts and journalists as part of the third Croatian Financial Forum. PBZ is Croatia's second largest bank in terms of assets and the first in terms of capital, with its short-term liquidity reserves amounting to 550 million German marks. These create an assumption for the PBZ's growth, Prka said speaking about the bank's development strategy. He announced a restructuring plan created with the cooperation of the Bank of Ireland and Glendale Service. This is the framework from which proper results can be expected during the next two years, the PBZ management board president said. Prka said the bank would adjust interest rates for top-level clients, emphasising that the interest rate for A-class clients was currently 12 per cent per annum and would fall. He said the bank had temporarily withdrawn from the money market because it did not wish to uniformly lend money to, as he put it, dubious banks. (Hina) mm mb /ha 201406 MET mar 98