WSTENROT HOUSING SAVINGS BANK OPENS IN ZAGREB

( Editorial: --> 8404 ) ZAGREB, Oct 14 (Hina) - A Wstenrot housing savings bank was opened in Zagreb on Wednesday. The bank is a sister-company of Bank Austria Creditanstalt Croatia, which is a sister-company of Bank Austria Creditanstalt International AG from Vienna. Wstenrot housing savings bank was founded with the initial funds of about US$8 million. The Croatian National Bank (HNB) Advisory Board approved its establishment and opening at the end of August this year. The bank is a pioneer of housing saving in Croatia. Involved in the project of its establishment are housing savings banks Wstenrot from Austria and Germany. By imparting their knowledge and skills in housing saving, confirmed in transition countries like Poland, Hungary, the Czech Republic and Slovakia, the banks will support the work of the new housing savings bank, the president of the bank's administration Anton Jandric said. (hina) rml 142257 MET oct 98