Riječka banka did not use the additional liquidity loan

Published: 20/3/2002

At its meeting held on Wednesday, March 20, 2002, the Council of the Croatian National Bank, chaired by Governor Dr Zeljko Rohatinski, gave its prior approval to the State Agency for Deposit Insurance and Bank Rehabilitation (DAB) for acquiring up to 90 percent of voting shares in Rijecka banka d.d. Rijeka. The request for the approval is based on the agreement with the majority owner of that bank, Bayerische Landesbank Girozentrale München (BLB), according to which BLB will cede 59.9 percent of its share in Rijecka banka to DAB.

The CNB Council also agreed with the proposal of the supervisory board of Riječka banka for the nominations of Mr Milan Potkonjak for chairman and Ms Sanja Stojevic for member of the management board of that bank. It is expected that the latest decisions of the Council of the Croatian National Bank will contribute to a faster settling of the situation in Riječka banka and facilitate the finding of a permanent solution for the stabilization and continuation of Riječka banka's successful operation. The members of the CNB Council were informed that the central bank granted an additional liquidity loan amounting to 863 million kuna to Rijecka banka, but the loan remained unused. This indicates that the savers of Riječka banka are realizing that bank's future is not in question.