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Croatia: HNB Pushes Credits

People ♦ Published: November 27, 2013; 10:22 ♦ (Vindobona)

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According to reports by Reuters, the Croatian National Bank (HNB) intends to issue HRK 4bn (US-$ 707m) to support credits. Further details will be published by the Central Bank later this week.

Croatia: HNB Pushes Credits / Picture: © Vindobona.org

The Croatian National Bank is now planning on issuing an amount of HRK 4bn to support loans. As of December this year the mandatory reserves rate will be dropped from 13.5 percent to 12 percent. According to insiders, decision about this measure will be made on Thursday. As reported by daily newspapers Jutarnji List and Vecernji List, there are certain requirements: Local banks need…