( Editorial: --> 1086 )
ZAGREB, March 20 (Hina) - Privredna Banka Zagreb (The Commercial
Bank of Zagreb) hopes to be Croatia's leading financial institution
whose market share will be much greater than its current 30 per
cent, PBZ management board president Bozo Prka said on Friday.
Prka was speaking at the presentation of the bank's new management
board in the presence of many bankers, financial experts and
journalists as part of the third Croatian Financial Forum.
PBZ is Croatia's second largest bank in terms of assets and the
first in terms of capital, with its short-term liquidity reserves
amounting to 550 million German marks. These create an assumption
for the PBZ's growth, Prka said speaking about the bank's
development strategy.
He announced a restructuring plan created with the cooperation of
the Bank of Ireland and Glendale Service. This is the framework from
which proper results can be expected during the next two years, the
PBZ management board president said.
Prka said the bank would adjust interest rates for top-level
clients, emphasising that the interest rate for A-class clients was
currently 12 per cent per annum and would fall.
He said the bank had temporarily withdrawn from the money market
because it did not wish to uniformly lend money to, as he put it,
dubious banks.
(Hina) mm mb /ha
201406 MET mar 98
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