Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
WorldAugust 1 2012

Croatian National Bank holds its course

The abrupt departure of the Croatian National Bank governor laid bare tensions over conditions in the country’s financial sector, but his successor looks set to bring continuity rather than change.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Croatian National Bank holds its course

At the beginning of June 2012, the unexpected news came that the governor of the Croatian National Bank (HNB), Zeljko Rohatinski, was leaving his post in July at the end of his second six-year term of office. Dr Rohatinski stated the main reason behind his decision was his inability to co-operate with the new government of Zoran Milanovic, which has been in power since December 2011.

This was another blow to the public’s perception of the Croatian government and its economic policy, as Mr Rohatinski – widely credited as having preserved the country's banking system when the current crisis broke out – consistently figured very highly in public approval ratings, in sharp contrast to the government’s two ministers mostly responsible for economic policy.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial