At its today's meeting, chaired by Governor Rohatinski, the CNB Council adopted amendments to three decisions related to foreign exchange operations and approved the appointments of chairpersons and members to management boards of three banks.

The amendments to the Decision Governing the Opening and Managing of Foreign Exchange Accounts and Foreign Exchange Savings Deposit Accounts of Residents with a Bank oblige banks to adjust their foreign exchange accounts' structure, no later than 1 October 2007, in the same manner as previously stipulated for kuna accounts, this being a prerequisite for introducing "multicurrency accounts" and joining the EU payment system. In the same vein, amendments were made to the Decision Governing the Conditions for and the Manner of Opening and Managing Non-Resident Bank Accounts. Under the amendments to the Decision Governing the Conditions for and the Manner of Performing External Payment Operations, the date from which this Decision becomes applicable is altered from 1 January to 1 October 2005. This is in order to enable a detailed elaboration of implementing instructions, thus facilitating further liberalization of foreign exchange operations and giving banks enough time to bring their IT systems into compliance with new regulations.

The CNB Council approved the proposals of the supervisory board of Karlovačka banka d.d. Karlovac to appoint Sanda Cvitešić as chairwoman of the bank's management board and Mirjana Trpčić-Reškovac and Stjepan Poljak as members. Prior approval was also given to the supervisory board of Štedbanka d.d. Zagreb for the appointment of Ante Babić as chairman and Josip Ševerdija and Zdravko Zrinušić as members of the bank's management board, as well as to the supervisory board of Banka Sonic d.d. Zagreb for the appointment of Goran Matanović as member of the bank's management board.