Thursday, 12 July 2018

Court Upholds Annulment of Currency Clause in Swiss Franc-Pegged Loans

ZAGREB, July 12, 2018 - Croatia's High Commercial Court has overturned an appeal of eight lenders that were sued over Swiss franc indexed loans, and upheld a ruling of the Zagreb-based Commercial Court about the legal nullity of the foreign currency exchange clause in the case of the CHF-indexed loans.

Sunday, 20 May 2018

Household Loans Increase in March

ZAGREB, May 20, 2018 - Lending by banks operating in Croatia totalled 119.8 billion kuna in March, which is one billion kuna more than in February, according to figures provided by Raiffeisenbank Austria (RBA).

Monday, 7 May 2018

Innovative Companies to Have Easier Access to Financing

ZAGREB, May 7, 2018 - The European Investment Fund (EIF) and UniCredit on Monday signed an agreement giving innovative companies access to 340 million euro.

Sunday, 29 April 2018

PBZ Bank Increases Profit in First Quarter

ZAGREB, April 29, 2018 - Privredna Banka Zagreb's (PBZ) net profit in the first quarter of 2018 totalled 285.4 million kuna, up 5.2% on the year, according to a financial statement.

Saturday, 28 April 2018

Citizens with Blocked Bank Accounts Not Happy with Government’s Measures

ZAGREB, April 28, 2018 - The Blokirani association of citizens with blocked bank accounts on Saturday responded to measures the government announced to help them, saying they "expected the government to protect the people and the state, to stop the unprecedented loan-sharking as a result of which the debt is rising 8 million kuna daily and 240 million kuna monthly."

Saturday, 28 April 2018

Government to Help People with Blocked Bank Accounts

ZAGREB, April 28, 2018 - The government will move three bills, on the write-off of physical persons' debts, on financial distraint, and amendments to the Consumer Bankruptcy Act to facilitate the position of citizens with blocked bank accounts and ensure a decrease of their debt, Prime Minister Andrej Plenković said on Friday.

Monday, 23 April 2018

Slovenia Wants EU to Mediate in Bank Dispute with Croatia

ZAGREB, April 23, 2018 - The Slovenian government on Monday asked the European Commission to become involved in efforts to settle a Slovenian-Croatian dispute that concerns the so-called untransferred savings deposits of Croatian clients of the Zagreb-based branch of the now defunct Slovenian bank Ljubljanska Banka, saying in a letter to EC President Jean-Claude Juncker and other senior EC officials that the continuation of legal proceedings before Croatian courts concerning the dispute was contrary to European and international law.

Thursday, 29 March 2018

Slovenia Wants Croatia to Suspend Court Proceedings against Slovenian Bank

ZAGREB, March 29, 2018 - Slovenia sent a verbal note to Croatia on Wednesday protesting against rulings by Croatian courts against Slovenia's Nova Ljubljanska Banka (NLB) related to transferred foreign currency savings that Croatian citizens had in the now defunct Ljubljanska Banka's Zagreb branch at the time of the former Yugoslavia.

Wednesday, 28 March 2018

President Demands Solution for People with Blocked Bank Accounts

ZAGREB, March 28, 2018 - President Kolinda Grabar-Kitarović on Wednesday sent a letter to Prime Minister Andrej Plenković, asking him to receive representatives of the Blokirani association of citizens with blocked bank accounts so as to contribute to resolving the problem of more than 300,000 citizens which she says has grave consequences on many families as well as a negative effect on the demographic situation.

Monday, 26 March 2018

Slovenia Supports Law to Protect Its Bank from Croatian Lawsuits

ZAGREB, March 26, 2018 - Slovenia's government on Monday voiced its opinion on an opposition-sponsored bill that would protect the New Ljubljanska Banka (NLB) from rulings by Croatian courts regarding transferred savings from the defunct Ljubljanska Banka Zagreb, noting that it generally supported the objectives of the bill, however, that it was necessary to modify it and adding that the government was prepared to constructively cooperate with parliament and opposition parties in that regard.

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