Croatia
#ECB to test five Croatian banks as country aims for euro entry
SHARE:
The European Central Bank said on Wednesday (7 August) it would carry out a stress test of five Croatian banks, a preliminary step in Zagreb’s bid to join the eurozone, writes Francesco Canepa.
Zagrebačka banka, Privredna banka Zagreb, Erste & Steiermärkische Bank, OTP banka Hrvatska and Hrvatska poštanska banka will all be tested, with results expected in May 2020, the ECB added.
Croatia last month submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership of the euro currency.
Share this article:
-
Motoring4 days ago
Fiat 500 vs. Mini Cooper: A Detailed Comparison
-
Horizon Europe4 days ago
Swansea academics awarded €480,000 Horizon Europe grant to support new research and innovation project
-
Lifestyle4 days ago
Transforming Your Living Room: A Glimpse into the Future of Entertainment Tech
-
Bahamas4 days ago
Bahamas files Legal Submissions on Climate Change with International Court of Justice