Friday, September 26, 2008

BOSNIAN ISLAMIC BANK TO ENTER CROATIAN MARKET

SARAJEVO, Bosnia (September 26,2008) - The Bosna Bank International (BBI),an Islamic Bosnian bank,wants to make a breakthrough to the Croatian market, where it would adjust its operations to the existing legislation, bank’s general director Amer Bukvic confirmed.

He said they would probe the Croatian market and then decide on the way of founding a bank and its operation. Bukvic noted that double taxing in Croatia was a big problem for BBI.

The Croatian National Bank stated that conditions for founding or taking over a bank in Croatia are defined in detail by the law and apply to all founders equally.
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