The CNB Council adopts monetary policy projection for the next quarter

Published: 16/12/2009

At its today session, the Council of the Croatian National Bank reviewed the latest economic and monetary developments, and the situation in the banking system in the third quarter of this year, as well as adopted a monetary policy projection for the coming quarter and the central bank's financial plan for 2010.
In order to ensure greater flexibility to the central bank when extending short-term liquidity loans to commercial banks, the CNB Council granted that in addition to CNB bills, MoF securities and bonds guaranteed by the Republic of Croatia the Croatian National Bank may also accept other eligible instruments of collateral.
The Council approved the appointment of Ivo Bilić as a member of the management board of Hypo Alpe-Adria Bank d.d., Zagreb; Sandi Šola was reappointed as the chairperson and Marijana Trpčić Reškovac and Siniša Žanetić as members of the management board of Karlovačka banka d.d., Karlovac, while Mirko Brozović was reappointed as the chairperson and Branimir Čosić as a member of the management board of PBZ stambena štedionica d.d., Zagreb.
Velebit osiguranje d.d., Zagreb, was granted authorisation for the acquisition of a qualifying holding, exceeding 10% of initial capital, in Slatinska banka d.d., Slatina.