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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.
(Hina) vm