CROATIAN PRESIDENT RECEIVES HBOR DELEGATION

ZAGREB, Oct 16 (Hina) - Croatian President Franjo Tudjman received a delegation of the Croatian Bank for Reconstruction and Development (HBOR) on Thursday on the occasion of the Bank's fifth anniversary of work, the President's Office said in a statement. Borislav Skegro, president of the Supervisory Board, and Anton Kovacev, president of the Management Board, said that the Bank's original capital was created from the state budget. Besides financing reconstruction projects, the aim of the Bank is also to finance small and medium-size enterprises and exporters, they added. Expressing satisfaction with the Bank's successful performance, Tudjman welcomed the Bank's policy of financing the production sector, particularly small and medium-size enterprises, at lower interest rates than commercial banks. Attending were Presidential Chief of Staff Hrvoje Sarinic, Chief Economic Adviser Pero Jurkovic and Home Policy Adviser Ivic Pasalic. The HBOR delegation included members of the Management Board Marija Kolaric and Kresimir Leko, the statement concluded. (hina) vm 161511 MET oct 97