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HNB: Banks would have had similar costs even if CHF/HRK exchange rate had not been fixed

ZAGREB, Feb 18 (Hina) - The freezing of the Swiss franc/Croatian kuna exchange rate for one year will reduce banks' revenues by about 400 million kuna, but the cost for the banks would have been approximately the same even if this measure had not been introduced because the 20% appreciation of the Swiss franc has prompted an increase in non-performing loans and the banks would have had to make additional provisioning, the Croatian National Bank (HNB) said in its publication "Financial Stability" on Wednesday.

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