CRO GOVT REACHES DECISION ON REHABILITATION OF PRIVREDNA BANKA ZAG

ZAG $ REB ZAGREB, Dec 5 (Hina) - At Thursday's session, the Croatian government reached a Decision about the rehabilitation and restructuring of the Privredna Banka Zagreb d.d. (PBZ). Great investments were necessary because more than three billion kuna would be needed for the rehabilitation of this bank whose problems were said to have been accumulating during the last thirty years, Prime Minister Zlatko Matesa said. Governor of the Croatian National Bank, Marko Skreb, stressed that the rehabilitation of the PBZ opened the possibility of rehabilitation and restructuring of large public companies, clients of the bank, especially the Croatian oil company INA. During the rehabilitation, the bank will retain its high financial reliability, Finance Minister Bozo Prka said. The government also accepted reports on the rehabilitation of the Rijeka and Split banks. The report said that the banks were showing a profit and that a significant increase in foreign exchange savings conveyed a regained trust of citizens in them. (hina) lm jn 051530 MET dec 96