RIJECKA BANKA RECEIVES SYNDICATED LOAN

RIJEKA, June 5 (Hina) - The recently rehabilitated Rijecka Banka received a long-term syndicated loan of DM 25 million on very favourable conditions, bank representatives said in Rijeka on Thursday. They said this was the first big loan the Rijecka Banka had received independently and without the state's guarantee, which was the fruit of good cooperation with the Munich-based Bayerische Landesbank. President of the Rijeka Bank's management board, Ivan Stokic, told a news conference that the loan was intended for the creation of good long-term sources of finance. The loan was an indirect sign of Munich bank's recognition of the Croatian credit rating, and we had already received very acceptable credit offers from other respected world banks, Stokic said. The bank's management informed that in 1996 , the Rijecka Banka had had a revenue of 2.4 million kuna (US$ 400,000) and in the first four months of this year, a revenue of 16.7 million kuna (US$ 2.78 million). (Hina) lm jn 051513 MET jun 97