Croatian banking sector to support reforms helping economic recovery.

By bne IntelliNews January 16, 2012
Croatia's banking sector will support all reforms that contribute to the strengthening of the financial industry's security and the economic recovery, news agency HINA reported, quoting the Croatian Banking Association (HUB) as saying. The association stressed that the sector will put in an additional joint effort in restructuring and in encouraging economic growth. It will also help finding a model for restructuring some of the existing claims. HUB said that it will be ready to make comments on the new measures of the government once they are adopted. The HUB remarks came in response to a recent statement of finance minister Slavko Linic that under the financial operations law the banking sector will have to contribute to the economic recovery. The government does not plan to introduce new taxes for the banking sector but hopes to involve banks in saving production and jobs via putting their claims in service of the economic consolidation. The cabinet is ready to give up a significant portion of its claims in order to stimulate growth and would like to see banks doing the same, Linic has said.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    6 days ago
  3. Russia’s war economy boosted by rising oil prices
    7 days ago
  4. Russia’s $13.4bn current account surplus in March second highest since 2007
    6 days ago
  5. Iran vs Israel: Who is better equipped for war?
    10 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    28 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    26 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss