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Annual report by Croatian Bank for Reconstruction and Development supported in Parliament

Autor: ;vmic;
ZAGREB, June 2 (Hina) - The Croatian Parliament closed its session onThursday with a debate on the annual financial report by the CroatianBank for Reconstruction and Development (HBOR).
ZAGREB, June 2 (Hina) - The Croatian Parliament closed its session on Thursday with a debate on the annual financial report by the Croatian Bank for Reconstruction and Development (HBOR).

Presenting the report, the chairman of the bank's board of directors, Anton Kovacev, said that at the end of 2004 the balance of payments was 11.76 billion kuna, or 14 per cent more than in 2003.

The loans approved in 2004 totalled 3.253 billion kuna and guarantees amounting to 2.85 billion kuna were issued, he said.

Overall revenue was about 670 million kuna, expenditure was 530 million kuna and the profit was about 136 million kuna, Kovacev said.

Deputies supported the report.

(Hina) vm

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