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Slovenia will insist on settlement of bank's claims in Croatia

Author: half
LJUBLJANA, June 4 (Hina) - The Slovenian government said on Thursday it would use every option to exercise the collection of claims which Ljubljanska Banka's former Zagreb branch had from its former clients in Croatia.

The government issued a press release in response to a decision of the European Court of Human Rights (ECHR), which said that the bank's application against Croatia for those claims was inadmissible.

The government said it would continue to insist on the collection of old debts of Croatian companies because the ECHR had ordered Slovenia to pay the bank's Yugoslav-era foreign currency savings to its former Croatian clients

The Slovenian government will use every option, including legal ones, so that a just solution is arrived at and this solution can only be the settlement of the debts owed Ljubljanska Banka, the press release said.

The government recalled that, despite reservations to the ECHR judgement which ordered it to pay the bank's Yugoslav-era foreign currency savings to its former clients in Croatia and Bosnia, it had recently moved a bill defining a mechanism to reimburse those people and payments in instalments as of early 2016. The bill needs to be enacted by parliament and EUR 385 million needs to be set aside in the budget over the next two years for the reimbursement.

(Hina) ha

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