Wednesday, 7 August 2019
ZAGREB, August 7, 2019 - The European Central Bank (ECB) said on Wednesday it would carry out a stress test of five Croatian banks, a preliminary step in Zagreb’s bid to join the euro zone, Reuters reported. According to the article headlined "ECB to test five Croatian banks as country aims for euro entry" those banks are Zagrebačka banka, Privredna banka Zagreb, Erste & Steiermärkische Bank, OTP banka Hrvatska and Hrvatska poštanska banka The results can be expected in May 2020, the ECB added. "Croatia last month submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an…